Reorganization of BALBOA BANK & TRUST CORP. By official announcement (Resolution SBP-0116-2016) on July 1, 2016, the Superintendence of Banks in Panama ordered the reorganization of BALBOA BANK & TRUST, CORP. that should begin July 4, 2016, at 2:30 pm local time. This decision was approved based on the recommendations adopted by the interim bank manager that was appointed by the Superintendency of Banks of Panama when took bank control. Mr. Ariel Antonio Sanmartín Méndez has been appointed as the Reorganizer of BALBOA BANK & TRUST. The decision for the reorganization of Balboa Bank & Trust seeks to bring greater ...
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