Garrigues acts for City National Bank of Florida on €445m TotalBank acquisition
Garrigues advised City National Bank of Florida on €445 million acquisition of TotalBank from Banco Popular, which is owned by Santander.
Banco Popular instructed Cravath, Swaine & Moore on the deal.
City National Bank of Florida was also advised by Avila Rodriguez Hernandez Mena & Ferri on the deal, as well as by Chilean firm Carey y Cia.
TotalBank instructed Stearns Weaver Miller Weissler Alhadeff & Sitterson.
It was reported that City National Bank of Florida owner BCI had been in talks with Banco Popular before it was acquired by Santander.
TotalBank has around $3 billion in assets and employs around 300 people. It was acquired by Banco Popular in 2007 for $300 million.
