MIAMI & SAO PAULO--(BUSINESS WIRE)--Avila Rodriguez Hernandez Mena & Ferri LLP (ARHMF), a law firm in Miami, announced today that Latin Lawyer magazine selected the $882.8 million acquisition of Miami-based City National Bank of Florida by Banco de Crédito e Inversiones (Bci), represented by ARHMF, as the 2013 “Deal of the Year” for Outbound Investment. City National Bank of Florida’s nearly $5 billion in assets make it one of the largest community banks in Florida.
ARHMF represented Bci, the third largest private bank in Chile, in the acquisition, and ARHMF continues to represent Bci in the pending regulatory approval from the Board of Governors of the Federal Reserve System. Bci’s acquisition of City National Bank of Florida would represent the first time a financial institution based in Chile acquires a financial institution based in the United States.
ARHMF’s representation of Bci in the transaction was led by Alcides I. Avila, of ARHMF’s Banking and Finance Practice, along with fellow partners Asnardo Garro and Javier A. Alvarez, who were supported by several attorneys at ARHMF.
Latin Lawyer first announced the winners at its 8th Annual Deal of the Year Awards ceremony in São Paulo, Brazil on March 27, 2014. Latin Lawyer is one of the leading business law resources for Latin America and provides news, analysis of deals, cases and legal and policy developments across the region.
About Avila Rodriguez Hernandez Mena & Ferri LLP (ARHMF):
Avila Rodriguez Hernandez Mena & Ferri LLP is a law firm representing businesses and investors across multiple practice areas, including: Banking & Finance; Corporate; Litigation & Arbitration; Immigration; Real Estate; and Tax & Estate Planning. ARHMF is one of the largest minority-owned law firms in Florida and a past recipient of the Greater Miami Chamber of Commerce’s Top Minority-Owned Business Award. Visit www.arhmf.com.