Unique Offer Bank In Puerto Rico for sale

South America - Peru Small Private Banks
  • Sales Price
  • On request
  • Profits
  • On request
  • Asking Price
  • On request

An incredibly rare deal and offer in Puerto Rico. Fully functioning international bank with FedWire for sale. The bank is licensed by the International Banking Organization (IBE). IBEs became International Financial Institutions (IFEs) when the law was changed in 2015. The price tag is about $25 million.

What is the difference between the licenses? The fact is that IBEs are allowed to open a branch in the U.S., while IFEs are not. This is a great option for investors looking to buy a U.S. bank charter.

IBE has about 3,500 accounts and $70 million in deposits, and provides correspondent services for a number of CPs on the island. You have a FedWire account. The tax rate is about 4%. Puerto Rico has 29 CPs licensed in Puerto Rico. Licensees include Banco Popular, Citi, Scotiabank, UBS, etc.

This issue is not discussed with brokers and is immediately rejected.

This announcement is only relevant to qualified buyers, that is, those who can confirm the availability of the necessary funds (a letter from a reputable bank or brokerage firm).

 

  • Represented by broker?
  • Seller Financing?
  • Principals only?
  • Franchise?
  • Management will stay?
  • Relocatable?
  • Real Estate?

Interested in buying this business?

Write to us and we’ll contact you with the detailed information

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