Banco de Sabadell, S.A. and Transatlantic Banks Holding Corporation Finalize Acquisition

L to r standing: Julian Mesa, TransAtlantic Bank President Rene Murai, Murai Wald Biondo Moreno & Brochin PA L to r sitting: Marcos Millian Escagedo, Chairman Emeritus of the Board, TransAtlantic Bank Joan M. Grume, General Subdirector, Corporate Operations, Banco Sabadell Miriam Lopez, Chairman of the Board and CEO, TransAtlantic Bank Photo credit: Gort Productions

MIAMI--()--TransAtlantic Holding Corporation (THC), the bank holding company parent of Miami-based TransAtlantic Bank (TransAtlantic) and Banco de Sabadell, S.A. (Sabadell), the fourth largest banking group in Spain, announced today that Sabadells acquisition of TransAtlantic has been finalized.

The closing and all regulatory approvals have taken place in record time, given that we began negotiations in December, said Miriam Lopez, Chairman & CEO of TransAtlantic Bank. This demonstrates both TransAtlantic Banks and Banco Sabadells solid reputation and our steadfast commitment to this union.

This transaction marks the first acquisition for the Barcelona-based Sabadell in the United States. Sabadell expects to continue operating TransAtlantic under its present name from their seven offices serving Miami-Dade. TransAtlantic Bank will maintain as its mission an absolute commitment to integrity and sound operating practices in order to continue to be a positive force in the community.

This press release may include forward-looking statements related to the parties' plans, beliefs and goals, which involve certain risks, and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. None of Sabadell, THC nor TransAtlantic undertake any obligation to revise or publicly release any revision to these forward-looking statements.

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Contacts

For TransAtlantic Holding Corporation (THC), Miami
República
Marilu Del Toro, 305-442-0977

Contacts

For TransAtlantic Holding Corporation (THC), Miami
República
Marilu Del Toro, 305-442-0977