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
- Industry
- Financial Services
- Location
- New York, United States
- Transaction Type
- Buyout
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