For immediate release

The Federal Reserve Board today announced its approval of the applications by E.S.Control Holding S.A., E.S.International HoldingS.A., Espírito Santo Financial GroupS.A., each of Luxembourg, Espírito Santo Financial (Portugal) Sociedade Gestora de Participações Sociais,S.A., Bespar-Sociedade Gestora de Participações Sociais,S.A., and Banco Espírito Santo,S.A., each of Lisbon, Portugal, to obtain all of the voting shares of Espírito Santo Bank, Miami, Florida. The Board also approved in a separate action today the application of Caisse Nationale de Crédit Agricole, Paris, France, to own indirectly all of the voting shares of Espírito Santo Bank. Attached is the Board's Order relating to this action.

Order (17 KB PDF)

2000 Orders on banking applications