- Florida
Caja Madrid Group, the fourth-largest financial services company in Spain, has a deal to acquire an 83% stake in City National Bancshares of Miami, the parent of City National Bank of Florida, for $927 million.
April 15 -
Banks are preparing their bids for City National Bank of Florida and are expected to make offers in the next few days, according to a published report.
March 6 -
Ongoing troubles in Europe could force another bank there to sell off a key U.S. holding.
November 28
Bidders for Florida's City National Bank should hope for better luck than that of its last buyer.
Miguel Blesa, a former executive of Caja Madrid, is in Spanish prison after being accused of arranging to buy City National at an inflated price. Blesa spent Thursday night in jail after failing to post a bail, the
An anticorruption group accused Blesa, Caja Madrid's former executive vice chairman, of purchasing City National without properly examining its liabilities. Caja Madrid
City National, which has since become profitable and well capitalized, is again up for sale. Bankia is nearing the sale of the $4.8 billion-asset lender to Brazil's Banco do Brasil for $900 million, Bloomberg reported last week.
A March report identified Toronto-Domnion's TD Bank (TD), BB&T (BBT), PNC Financial (PNC), Banco Popular (POP) and Banco Sabadell (SAB) as
