Bank of America opens representative office in Guadalajara, Mexico.GUADALAJARA Guadalajara, city, Mexico Guadalajara (gwä'thälähä`rä), city (1990 pop. 1,650,042), capital of Jalisco state, SW Mexico, second largest city of Mexico. The metropolitan area includes close to 3 million people. , Mexico--(BUSINESS WIRE)--May 22, 1997--Bank of America today opened a new representative office in the city of Guadalajara to serve the financial needs of local companies, multinational corporations
The Guadalajara office joins the bank's existing representative offices in Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi and Monterrey. It is headed by Vice President Jaime Rabago, who had been director of corporate banking at the Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. representative office in Mexico City. The bank's presence in Mexico has been expanding in recent years. In 1995, it opened a corporate banking subsidiary, Bank of America-Mexico, S.A., to provide commercial and capital markets services in both pesos and U.S. dollars. At that time, it also opened Arrendadora BankAmerica, S.A. in Mexico City to provide leasing and capital equipment financing services throughout Mexico Senior Vice President James McCabe, Bank of America's representative and country manager in Mexico, said, "The opening of this office demonstrates our commitment to Mexico and especially to the western region of the country." Vice President Lorenzo Gonzalez, the bank's business director in Mexico, added that "our strategy is to expand our services to this region's growing businesses and continue serving them as they become tomorrow's major corporations." The new office will offer commercial lending, trade finance, cash management and treasury services Treasury services is a function of an investment bank which provides transaction, investment and information services for chief financial officers, treasurers. Treasury services concentrates and invests client money, and provides trade finance and logistics solutions as well as . CONTACT: Bank of America Jim Mitchell This article is about the Irish politician. For the football players of the same name see Jim Mitchell (football player) and Jim Mitchell (defensive lineman). For the San Francisco pornography producer, see: Mitchell brothers Jim Mitchell , 415/622-4314 |
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