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Banco Nacional Buyout!

2006/03/19

Friday, March 17, 2006

LE CAILLOU, Louisianne

Credit Louisiannais announced today a restructuring of management in preparation for the purchase Banco Nacional de Tejas. A parent company, Ameribank has been created with new headquarters to be centered in New Sweden because of tax-exemptions the province affords international entities. Ameribank will manage each of the daughter banks separately, allowing each to maintain their own Board of Directors, but with ultimate control remaining in the hands of the Ameribank Board of Trustees.

Final approval of the merger must have approval of the Tejan Parliament, Her Majesty Maria Gabrielle, and the Louisiannan Council. Preparations should be complete by August of this year.

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