BAC Florida reported assets of $2.2 billion and shareholder equity of $206 million. Bradesco reported assets of $358 billion, according to the American Banker.
May 07, 2019 at 12:38 PM
1 minute read
Four U.S. firms are advising on a $500 million deal in which Brazil’s Banco Bradesco has agreed to acquire Coral Gables-based BAC Florida Bank.
Shearman & Sterlingis acting as outside legal counsel to Bradesco. Sandler O’Neill & Partners is serving as financial adviser to BAC Florida and its controlling shareholders. Hughes Hubbard & Reed and Avila Rodriguez Hernandez Mena & Ferri are serving as legal adviser to BAC Florida shareholders and BAC Florida, respectively.
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