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Banco de Sabadell completes acquisition and integration of JGB Bank in Florida

Sunday, 13 Jul 2014 08:00pm EDT 

Banco de Sabadell SA:Says it has completed acquisition and merger of JGB Bank into Sabadell United Bank (SUB), the group's subsidiary in Florida.Transaction amounted to about $49,6 million.This transaction allows Sabadell United Bank to reinforce its position in Florida, where it has network of 27 branches which manage business volume of, about, $8 billion and serve 40,000 clients.