Foreign Banks See U.S. as Growth Market
June 20, 2013 8:00 AM
Several foreign-owned banks have been looking to expand in the United States, including Chile's BCI and Canada's TD Bank . Here's a look at foreign-owned banks that have an eye on U.S. expansion. (Image: Thinkstock)
Ecuador
Latin American banks are eager to expand in the U.S. , especially south Florida. Industry observers have believe Banco del Pacifico in Ecuador, which owns $346 million-asset Pacific National Bank in Miami, is among the banks looking at deals. (Image: Thinkstock)
Portugal
Banco Espirito Santo in Portugal is among the banks that have sought discussions with U.S. regulators on the Dodd-Frank requirement that they file living wills . Espirito Santo Bank has $690 million in U.S. assets and a branch in Miami. (Image: Thinkstock)
China
The $772 million-asset Industrial and Commercial Bank of China entered the U.S. by purchasing of a majority stake in Bank of East Asia. The Chinese government owns 70% of China Investment, ICBC's holding company. (Image: Thinkstock)
Australia
Great Western Bank, an $8.9 billion-asset unit of National Australia Bank, has acquired several U.S. bank0, including Iowa's North Central Bancshares in March 2012. Great Western has more than 180 U.S. branches. (Image: Thinkstock)
The Philippines
Metropolitan Bank & Trust is the second-largest bank in the Philippines. Its $29 million-asset Metrobank has a U.S. toehold with a New York branch. (Image: Thinkstock)
Israel
Bank Hapoalim is Israel's largest bank. Its U.S. bank has $8.4 billion in assets and operates out of a branch in Midtown Manhattan. (Image: Thinkstock)
India
Three U.S. banks are controlled by firms in India: Bank of Baroda, Bank of India and State Bank of India. (Image: Thinkstock)
South Korea
Shinhan Bank and Woori America Bank are controlled by South Korean firms. South Korea's Woori Finance Holdings tried unsuccessfully to buy Hanmi Financial (HAFC), eventually settling on a minority stake . (Image: Thinkstock)
