This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Banco Sabadell To Open Representative Office In New York

Banco Sabadell will open a representative office at Rockefeller Center this month, expanding its U.S. presence as part of a three-year international expansion plan. The office will act as a liaison between the parent bank and overseas clients, while allowing the bank to establish business opportunities within the fields of project finance and corporate banking.

The opening of the New York office complements the firm’s growth strategy in the United States. Sabadell has operated in Florida since 1993. Banco Sabadell currently has an international branch and a U.S. chartered bank, Sabadell United Bank, N.A., based in Miami. Today, Sabadell United Bank, including its U.S.-based wealth management division, Sabadell Bank & Trust, has 24 offices throughout Florida. Combined client deposits and off-balance sheet wealth management assets, in the United States total $6.7 billion, with loans of $3.4 billion. The bank is the seventh-largest based in Florida in deposits with $2.4 billion.

Sabadell has maintained a prominent position in project finance, with a highly qualified team focusing primarily on renewable energy project finance and infrastructure, aimed at both European and American customers. The bank’s position and experience in the renewable energy market in Europe has allowed it to successfully apply this knowledge to markets in the United States.

Sabadell’s presence in New York, the world’s financial capital, will boost its business in the Americas. The move marks a forceful step into the world of structured finance and corporate banking, which should allow further growth in customer and geographic diversification.

Banco Sabadell, S.A. (IBEX: SAB) will be, after the pending acquisition of CAM, the fifth largest listed bank by assets in Spain, with $224 billion in assets, 17,000 employees and more than 2,200 offices in Spain. Sabadell has more than 130 years of experience in corporate and commercial banking and a presence in 18 other countries through branches, representative offices, subsidiaries and affiliates, especially in the United States, China, India, the Middle East, Africa and Latin America. Banco Sabadell’s capital ratios are among the highest of any European bank.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs