US approves BCI’s US$1 billion Florida bank takeover

Chilean firm Carey and US firms Simpson Thacher & Bartlett LLP and Ávila, Rodríguez, Hernández, Mena & Ferri have helped Banco de Crédito e Inversiones (BCI) obtain US regulatory approval for its acquisition of City National Bank of Florida, the second largest bank in Miami, marking the first time ever a Chilean bank has bought a US counterpart.

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