SELL A FINANCIAL INSTITUTION

 

If you have a bank or a financial institution that you are in the market to sell, it can be difficult to know where to start. At Financial Licensing Advisors, we are here to assist you. FLA has completed most of the buy and sell transactions of banks and financial institutions in the Caribbean, so you know you are in good hands.

 

If you would like FLA to evaluate your financial institution prior to selling it, we will need the following:

    Company Documents and Licenses for the financial institution.

    Two Proof of Addresses and Major Stockholders IDs.

    CVs of all first and second level Managers and Directors.

    CVs of Major Shareholders.

    Recent Background Check of Major Shareholders and Directives (Should be performed by an authorized independent Background reviewer)

    Audit Statements performed by (Deloitte, EY, KPMG, BDO, PWC or Any other highly reputable Auditor), if you are currently auditing with a smaller firm a special audit should be done by any of the auditors described.

    A detailed explanation of why you and your partners are willing to sell the financial institution.

    Financial statements of current position and general status of such.

    Contact details with regulatory authorities in all applicable jurisdictions. (We will contact authorities in all cases.)

    All information submitted to regulating bodies in the last 18 months. including quarterly and monthly reports.

    NDA and Commission Contract Approval.

    Report on the IT systems and Compliance Platforms used by your financial institution.

    SWIFT Registration Information.

    Banking Associations Registration Information.

    Signed Selling Application Request including all initial DD review for all Managers and Directors.

    Capital Requirements deposit statements and proof of such.

    List of all Liabilities and Company Assets on foreign jurisdictions (not supervised).

    Any other documents as requested by FLA.

*All documentation should be made available Notarized and Apostilled on the last 3 months of the application being signed.

Selling a bank or other financial institution can be a complex process involving a great deal of paperwork, but FLA can make it easier. Contact us today to find out how we can be of assistance.

Let us help you with your financial and licensing needs

 

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It’s a pleasure having you here,

Please contact us at: info@bankinglicensing.com

or 26-28 Rue Edward Steichen, 2eme étage,L-2540 Luxembourg, Luxembourg.

Tel. +1888 8832856

The information contained in this web site has been prepared solely for informational purposes and is not an offer to sell or purchase or a solicitation of an offer to sell or purchase an interest in any entity represented or managed by Financial Licensing Advisors ™

"Financial Licensing Advisors ™ reserves the right to change, modify, add or remove portions of any content in this presentation at any time without notice and without liability. Those who are requesting services to Financial Licensing Advisors ™ do so at their own initiative and are responsible for compliance with any laws or regulations applicable to them.

You acknowledge that the content of this presentation is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or promise to undertake or solicit business, may not be relied upon in connection with any offer or sale of securities. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related web sites with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such web sites, including the qualifications necessary to become an investor.

This presentation is not being used to provide investment or other advice, and nothing on it is to be deemed a recommendation that you buy, sell or hold any security or other investment or that you pursue any investment in any way. Accounting, tax or legal advice is specific to each circumstance thus you should consult with your own advisors with respect to your individual circumstances and needs.

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All information available on this presentation is confidential and proprietary to us. This includes all investment information, general financial institutions available, general information and other information provided through this web site. You will use your best efforts to keep all this information strictly confidential.

You will not disclose any of this information to any person or use it for any purpose other than those strictly permitted by us, in writing.