AcquisitionsMay 5, 2026, 05:27 PM
Credicorp Subsidiary BCP Gets Peruvian Approval for Helm Bank USA Acquisition
AI Summary
Credicorp Ltd. announced that the Peruvian Superintendence of Banking, Insurance and Private Pension Fund Administrators (SBS) has authorized its subsidiary, Banco de Crédito del Perú (BCP), to acquire 100% of Helm Bank USA. The acquisition will be implemented through two newly incorporated subsidiaries, Orange Perú Holding S.A. and Orange Financial Holding Inc. The transaction remains subject to obtaining necessary regulatory approvals in the United States from the Florida Office of Financial Regulation and the Federal Reserve System, along with other customary closing conditions.
Key Highlights
- Peruvian SBS authorized Credicorp's subsidiary BCP to acquire 100% of Helm Bank USA.
- The acquisition will be executed through two newly incorporated subsidiaries: Orange Perú Holding S.A. and Orange Financial Holding Inc.
- Completion of the transaction is contingent on obtaining required regulatory approvals in the United States.
- US approvals needed from the Florida Office of Financial Regulation (OFR) and the Federal Reserve System (FED).