1) Resolution SBP-0124-2019 of July 15, 2019, granted a no-objection to the transfer of 100% of the shares of ALVINA CORPORATION, indirect owner of Mercantil Banco, S.A., to the shareholders of Mercantil Servicios Financieros, C.A. (VENEZUELA), which represents a corporate reorganization.
Mergers
1) Resolution SBP-007-2019 of May 14, 2019, authorized the merger by absorption of the banking entities Global Bank Corporation, Banco Panameño de la Vivienda, S.A., and GB AV INC., of which Global Bank Corporation will be the surviving company, in accordance with the terms and conditions contemplated in the proposed transaction.
2) Resolution SBP-0144-2019 of August 19, 2019, authorized the merger by absorption of the companies ALLIED PACIFIC INC. and GRUPO CENTENARIO DE INVERSIONES, S.A., of which ALLIED PACIFIC INC. will be the surviving company, in accordance with the terms and conditions contemplated in the proposed transaction.
3) Resolution SBP-0147-2019 of August 21, 2019, authorized the Merger by Absorption between GTC BANK INC. and BANCO G&T CONTINENTAL (PANAMÁ), S.A., where GTC BANK INC., as the surviving company, will absorb BANCO G&T CONTINENTAL (PANAMÁ), S.A.