Banco Sabadell acquires BBVA Private Banking business in Miami

TransAtlantic Bank’s parent company, Banco Sabadell has reached an agreement with BBVA to acquire their private banking division in Miami.

This transaction demonstrates Banco Sabadell’s commitment to growth and expansion in Miami and strengthens its position for future development in the local and international banking market where it has operated since 1993. Banco Sabadell has a full international branch banking license in Florida, which allows the institution to operate with residents and non residents alike.

Through its Miami office, Banco Sabadell conducts private banking and corporate banking business focusing on individuals and corporations operating in the US and Latin-American countries. With this Transaction with BBVA, Banco Sabadell’s business volume in Miami will surpass 3 billion dollars of which approximately 2.600 billion correspond to client relationships and 400 million to loans.

Fernando Perez-Hickman, Managing Director of Banco Sabadell in America, commented about the transaction: “We are very excited with the opportunity to welcome BBVA’s private banking clients to our Bank and we are committed to continue providing them with the highest level of service and quality of investment advice. We are also pleased to welcome the professionals of BBVA in Miami to our group as this is a team of talented and experienced professionals whose capabilities are fundamental to the success of the acquired business”.

In Florida Banco Sabadell also maintains another local investment with the purchase of TransAtlantic Bank, an entity rooted in Miami’s metropolitan area and focused on serving small and medium sized business and medium to high net worth individuals.

Banco Sabadell is Spain’s 4th largest banking group and an institution known to be a leader in quality and service. With assets in excess of 100,000 million US$ and capitalization in the stock market which surpasses 9000 million euros, Banco Sabadell employs over 10,000 professionals who place special attention to detail in the banking needs of small and medium sized businesses, individuals of medium to high net worth and professionals through a wide array of products and services. The bank has been known historically for being at the forefront of innovation and intensive use of technology and information in banking.

Banco Sabadell’s commercial banking network spans more than 1200 offices which allow the bank presence throughout Spain and in 20 other countries among which are the United States, Mexico, Chile, Dominican Republic, Venezuela and Brazil. For more information, please visit

*From: http://www.hispanicprwire.com
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