BTG Pactual Acquires M.Y. Safra Bank, FSB

June 27, 2024

BTG Pactual has acquired 100% of M.Y. Safra Bank, FSB, giving the Latin American investment bank a U.S. banking license and a federally regulated banking platform. The New York-based bank (reported net equity of about $46.2 million at announcement) will be renamed BTG Pactual Bank, N.A., and the acquisition expands BTG Pactual's ability to take deposits and extend loans directly in the U.S. market while broadening its product offering for clients.

Buyers
BTG Pactual
Targets
M.Y. Safra Bank, FSB
Location
New York, United States
Transaction Type
Buyout

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