Banco de Crédito e Inversiones $946 million acquisition of Bank of Flordia

Overview:

• Banco de Crédito e Inversiones (BCI) has acquired the City National Bank of Florida from Banika for $946.6 million. 
• This is significant because it represents a rare occurrence of a Chilean bank acquiring a US bank. 
• Simpson Thacher & Bartlett (Lee Meyerson), Ávila Rodríguez Hernández Mena & Ferri  (Alcides Avila, Asnardo Garro, Javier Alvarez) and Carey (Francisco Ugarte, Eugenio González) advised the acquirer.
• Sullivan & Cromwell (Mitchell Eitel, Rodgin Cohen, Werner Ahlers) advised the seller. 

Rani Mehta - Journalist - Latin America