International Bank with Fedwire in Puerto Rico for Sale

This listing presents a rare opportunity to acquire an international bank located in El Cinco Barrio, Puerto Rico, equipped with Fedwire capabilities. Fedwire, a real-time gross settlement system operated by the Federal Reserve, enables financial institutions to conduct immediate, final, and irrevocable electronic fund transfers, making it ideal for large-value transactions. Owning a bank with Fedwire access in Puerto Rico provides significant advantages, including enhanced security, quicker transactions, and better integration with U.S. financial institutions. This capability is highly sought after, as few international banks in the region possess it. The business is described as operating at break-even, with a purchase price of $30 million, excluding capital requirements. Buyers should anticipate needing an additional $10 to $20 million in capital, depending on the bank's book of business, to meet regulatory standards. Management is willing to stay on post-acquisition, and the business is relocatable. This offering is for principals only, and no seller financing is available.