Bank in North America for sale

Company overview

• Regulator: OCIF, which licenses and supervises the bank
• Operating and regulatory history: more than 7 years
• Compliance: an established framework for BSA/AML and OFAC, accounting, regulatory reporting and wider compliance
• Capital: paid-in member capital, audited as of December 2025
• Regulatory collateral: a restricted certificate of deposit of USD 750,000
• Existing relationships with financial institutions: banking, deposits, certificates of deposit and the money market

Transaction

• The whole of the membership interests (100%) is being sold
• Before closing, assets, receivables and cash balances that relate to the historical owner, and any excess capital, may be settled or left out of the deal
• The deal needs OCIF approval for the change of control

Licensed activities

• Deposit-taking and lending
• Letters of credit and the discounting of bills of exchange
• Holding Puerto Rico government securities as investments
• Dealing in foreign currency, gold and silver
• Trade finance and underwriting
• Custodian and fiduciary services
• Acquiring lease property
• Clearinghouse activities, plus management and financial services
• Hedge fund activities
• Any other activity of a financial nature, where the applicable requirements are met and approvals obtained