Pacific National Bank sold for $ 41’935.199

The Executive President of the Banco del Pacífico, Ephraim Vieira, confirmed on November 6 that the sale price of 100% of the shares of thePacific National Bank (PNB) in Miami was $ 41’935.199.

The new owners of the entity are 4 private investors: Stephen H. Deckoff, Leslie A. Meier, Mounir Nahas and Michael P. Moreno, who already took possession of the bank.

“The sale process, initiated in early 2012, was “successful” for the country, for the following reasons: The bank has assets valued at $ 363’041.373; its liabilities at $ 322’524.273 and its equity at $ 40’517.100. This means that the value the Banco del Pacifico received from the sale of PNB had a prize of 1,035 times the value of its equity,” said Vieira.