BAC has announced the successful completion of the process to acquire a majority stake in Multi Financial Group (MFG), the owner of 100% of Multibank and its subsidiaries. With the effective transfer of shares, BAC becomes the controlling shareholder of MFG and, consequently, of Multibank. The merger of BAC Panamá and Multibank is still subject to the authorization of the Superintendence of Banks of Panama (SBP). Until then, both institutions will continue to operate independently, maintaining their usual products, services, and channels. In December 2025, BAC will move its headquarters—meaning parent company in English—to Panamanian territory, a move that concentrates the group's strategy definition, policies, and supervision in Panama.
