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AMERICAN EXPRESS BANK INTERNATIONAL REOPENS MIAMI BRANCH AFTER HURRICANE

AMERICAN EXPRESS BANK INTERNATIONAL REOPENS MIAMI BRANCH AFTER HURRICANE
 NEW YORK, Aug. 27 /PRNewswire/ -- American Express Bank Ltd. said today that the branch in Miami, of its subsidiary American Express Bank International was now fully operational. The offices had been closed on Monday, Aug. 24, as a result of the effects of Hurricane Andrew.
 The bank also said that the Miami office will be open specially on Saturday, Aug. 29, and Sunday, Aug. 30, from 10 a.m. to 3 p.m. to assist any clients that may have been affected by the storm.
 Sergio J. Masvidal, president and chief executive officer of the subsidiary, said that while the AEBI branch was fully operational it was still not fully staffed. "Our people have made a tremendous effort to come into work in spite of severe difficulties," said Masvidal, "but some areas are still physically impassable and not everyone has been able to come in."
 American Express Bank International is a wholly owned subsidiary of American Express Bank Ltd. under provisions of the Edge Act of 1919. AEBI has offices in New York, Miami, Beverly Hills, Los Angeles and San Diego, providing a full complement of services to individual clients and their businesses. Principal services include asset management, private banking and trade finance.
 American Express Bank meets the financial service needs of wealthy individuals and selected financial institutions through four businesses: private banking, commercial banking, correspondent banking and global treasury. Established in 1919, the bank today serves clients through a network of 83 locations and 40 countries.
 AEB and AEBI do not directly or indirectly do business in the United States except as an incident to activities outside the United States.
 -0- 8/27/92
 /CONTACT: Simon Barker-Benfield, 212-298-3759; Lee Middleton, 212-298-4105; or Sergio Masvidal, 305-350-7750, all for American Express Bank/ CO: American Express Bank International; American Express Bank Ltd. ST: New York, Florida IN: FIN SU:


LR-SH -- NY052 -- 4029 08/27/92 14:53 EDT
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Publication:PR Newswire
Date:Aug 27, 1992
Words:325
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