Panamanian banks announce merger
The Panamanian banks Banco General and Banco Continental have approved a plan to merge, creating a new banking entity that would be among the largest in Central America.
The banks made a joint filing for the merger Wednesday in the Panamanian Stock Exchange. The merged banks will operate under a holding company called BG Financial Group.
The banks have combined assets of more than $7 billion.
Panamanian banks announce merger
