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Espírito Santo Bank Miami Cuts Ties With Parent Company

Eliane Chavagnon

27 August 2014

former parent”, with Espírito Santo Bank Miami now “completely independent, with its own board.”

“Our clients will no longer experience an impact upon ESB Miami from BES and will in fact see continued growth in the coming months as we seek a new owner,” Reinhardt said.

“Espírito Santo Bank presents an excellent opportunity. The bank has a strong franchise value and is profitable, and I look forward to working with Fred Reinhardt and his executives during a successful search and identification of highly qualified buyers, in a reasonable time frame,” said Thomas Rudkin, principle at FIG Partners, which has completed over 30 merger and acquisition transactions since 2012.

Florida Chartered since 1973, Espírito Santo Bank provides wealth management and personal/corporate banking services, residential/commercial real estate lending and trade finance services to domestic and international individuals, institutions and corporate clients.