Banco Aliado and Banco Panama announced a merger agreement.

Synopsis

Banco Aliado and Grupo Centenario de Inversione-backed Banco Panama announced a merger agreement. The operation "will allow us to integrate two successful and complementary banking businesses, increasing our scale and customer base," said Alexis Arjona, CEO of Banco Aliado.

Principals

target

Banco Panama

bidder

Banco Aliado

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Market Context

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Seller Team (1)

ramon chiari

General Manager at BANCO PANAMA

Manager

target

Deal

n/a

Total Value

Bidder Team (1)

alexis arjona

CEO at BANCO ALIADO

Manager

bidder

Deal

n/a

Total Value

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