Bci expands US reach

Bci expands US reach

Corporate & Sovereign Strategy M&A Andean Chile Latin America US

Chile's Banco Bci said its subsidiary, City National Bank of Florida, spent $62 million in cash to acquire Executive National Bank and expand its business in the US market. The Santiago-based lender has concluded its second purchase in the US market, following the acquisition of City National Bank in 2015 for $833 million, then the largest single investment by a Chilean company in the United States. The bank got regulatory approval to buy Executive National Bank in September. Bci said it will me

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