New Bank of Santa Fe
Encyclopedia
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
in Santa Fe Province
Santa Fe Province
The Invincible Province of Santa Fe, in Spanish Provincia Invencible de Santa Fe , is a province of Argentina, located in the center-east of the country. Neighboring provinces are from the north clockwise Chaco , Corrientes, Entre Ríos, Buenos Aires, Córdoba, and Santiago del Estero...
, Argentina
Argentina
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...
.
Originally named Provincial Bank of Santa Fe, it was established as a mixed state/private bank on 5 June 1874, based on an initiative of governor Servando Bayo
Servando Bayo
Servando Bayo was an Argentine politician who served as the National Autonomist Party governor of the province of Santa Fe from 04/07/1874 to 04/07/1878....
, justified in the need to provide credit for the blossoming productive sector of the province. At the time, Argentina was starting to grow demographically (through immigration) and economically (through the exportation of agricultural products).
Carlos Casado del Alisal
Carlos Casado del Alisal was a Spanish Argentine businessman.-Life and times:Carlos Casado del Alisal was born in Villada, Palencia Province, Spain. He arrived in Santa Fe Province, Argentina in 1857, and in 1864, was named to the Board of Directors of the newly-established Central Argentine...
(presiding), Benjamín Ledesma, Manuel Carlés and Evaristo Machain, elected by vote, and Melitón Ibarlucea and Mariano Alvarado as representatives of the provincial government. Its capital was divided in 20,000 stocks: 10,000 for the government, 4,000 for the founders, and 6,000 to be freely acquired by the private business of Rosario
Rosario
Rosario is the largest city in the province of Santa Fe, Argentina. It is located northwest of Buenos Aires, on the western shore of the Paraná River and has 1,159,004 residents as of the ....
, a major port city
Port of Rosario
The Port of Rosario is an inland port and a major goods-shipping center of Argentina, located in the city of Rosario, province of Santa Fe, on the right-hand shore of the Paraná River, about 550 km upstream from the Atlantic Ocean.-Overview:...
on the Paraná River
Paraná River
The Paraná River is a river in south Central South America, running through Brazil, Paraguay and Argentina for some . It is second in length only to the Amazon River among South American rivers. The name Paraná is an abbreviation of the phrase "para rehe onáva", which comes from the Tupi language...
. The bank opened simultaneously in Rosario and the provincial capital Santa Fe City
Santa Fe, Argentina
Santa Fe is the capital city of province of Santa Fe, Argentina. It sits in northeastern Argentina, near the junction of the Paraná and Salado rivers. It lies opposite the city of Paraná, to which it is linked by the Hernandarias Subfluvial Tunnel. The city is also connected by canal with the...
on 1 September 1874.
On 12 July 1991 the Provincial Bank of Santa Fe became a joint stock company
Joint stock company
A joint-stock company is a type of corporation or partnership involving two or more individuals that own shares of stock in the company...
(sociedad anónima) with its majority share owned by the provincial state, and changed its name to Banco de Santa Fe SAPEM. The process was highly controversial and more than 5 years were needed for the privatization law to be voted successfully; the bank was finally privatized as Nuevo Banco de Santa Fe S.A. in 1997, and left under the control of the Banca General de Negocios (BGN), a financial group with participation of important international banks (the Chase Manhattan Bank
Chase Manhattan Bank
JPMorgan Chase Bank, N.A., doing business as Chase, is a national bank that constitutes the consumer and commercial banking subsidiary of financial services firm JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000...
, the Dresdner Bank
Dresdner Bank
Dresdner Bank AG was one of Germany's largest banking corporations and was based in Frankfurt. It was acquired by competitor Commerzbank in December 2009.- 19th century :...
and the Credit Suisse
Credit Suisse
The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...
), managed by the brothers Carlos and José Rohm (the latter was the president of the NBSF). The Rohms were accused of money laundering
Money laundering
Money laundering is the process of disguising illegal sources of money so that it looks like it came from legal sources. The methods by which money may be laundered are varied and can range in sophistication. Many regulatory and governmental authorities quote estimates each year for the amount...
in 2002, for which Carlos was arrested as he tried to flee the country, while his brother escaped.
http://www.clarin.com/diario/2004/03/11/um/m-722883.htm
http://www.terra.com.ar/canales/politica/35/35419.html
The NBSF has its central offices and 8 branches in Rosario, 8 branches in Santa Fe City, and others in every department of Santa Fe Province. It also has offices in the Autonomous City of Buenos Aires
Buenos Aires
Buenos Aires is the capital and largest city of Argentina, and the second-largest metropolitan area in South America, after São Paulo. It is located on the western shore of the estuary of the Río de la Plata, on the southeastern coast of the South American continent...
and in Córdoba
Córdoba, Argentina
Córdoba is a city located near the geographical center of Argentina, in the foothills of the Sierras Chicas on the Suquía River, about northwest of Buenos Aires. It is the capital of Córdoba Province. Córdoba is the second-largest city in Argentina after the federal capital Buenos Aires, with...
, Río Cuarto
Río Cuarto
Rio Cuarto may refer to:*Río Cuarto, Córdoba*Cuarto River*Rio Cuarto craters...
and Villa María
Villa María
Villa María is a city in Córdoba Province, Argentina, and the head town of the General San Martín Department. It is located in the center of rich agricultural land. The area leads the country in production of milk...
.