Bank in the US for sale

Its operations are established and its regulatory foundation secure, so the bank is offered as a turnkey opportunity.

Key details

• Country: United States
• Master Account: held at the Federal Reserve Bank of New York
• Focus: correspondent banking services across Latin America and the Caribbean
• Staff: 30, with management and staff staying on after the sale
• Core system: Olympic, a banking system powered by HSBC and BNP

Audits and compliance

• Kauffman Rosen carries out an annual BSA, AML and OFAC audit
• Grant Thornton, a top-tier auditing firm, performs the financial audits
• Premier Consulting Partners (PCP) carries out independent compliance audits
• A strong compliance framework and internal KYC/AML policies

Confidential process

Because the opportunity is sensitive, full details are released only once the buyer has supplied:

• A non-disclosure agreement (NDA)
• Their CV/resume
• A copy of their passport
• A letter of intent (LOI)
• Proof of funds (POF)

Every enquiry needs these documents, without exception, and everything a buyer submits is handled in the strictest confidence.