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prima:Bancrédito demands transparency and completion of the liquidation of the bank

The institution assured that it has sufficient funds in its account to settle the debts and pay a fine of millions in order to complete the syndication process

June 19, 2024 - 2:30 PM

Archival note
This content was published more than 6 months ago.
Bancrédito's voluntary liquidation process began in August 2022, and that same year the regulator appointed Driven as receiver. (teresa canino rivera)

Almost two years after Bancrédito International Bank & Trust Corporation ceased operations, its parent company Bancrédito Holding Corporation requested the Office of the Commissioner of Financial Institutions (OCIF) to complete the liquidation process, while demanding “transparency” from the trustee assigned to its case, Driven Administrative Service, LLC.

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