News (Noticias) Tagged ‘banco popular espanol’

A Banco Popular Espanol SA spokesman said the bank ‘is not aware’ of any bid interest from a group of Mexican investors.

According to Negocio, which cited unamed sources close to the deal, the investors have hired the services of HSBC (nyse: HBC - news - people ) as an investment advisor for a possible bid at between 14 and 14.5 euros per share”*

“Spanish bank Banco Popular Espanol Wednesday said it has agreed to buy Florida-based U.S. bank TotalBank for $300 million, its first acquisition outside the Iberian peninsula.

TotalBank, which caters mostly to small and midsize businesses and is based in Miami-Dade county, operates 14 branches and has assets worth some $1.4 billion.

By purchasing TotalBank, Banco Popular gains a foothold in one of the main gateways to Latin America, where Spanish businesses are very active. About 57% of Miami-Dade countys population is Hispanic.”