Banco Itaú

Banco Itaú S.A was a Brazilian bank, headquartered in São Paulo, in the state of the same name. Founded in 1945, in 2008 it merged with Unibanco, creating the banking conglomerate Itaú Unibanco. History Banco Itaú was founded in 1945 under the name Banco Central de Crédito; It later changed its name to Banco Federal de Crédito. In 1964, Banco Federal Itaú SA was formed as a result of the merger of Banco Federal de Crédito and Banco Itaú, a rural bank belonging to a group originating in Itaú de Minas, in the state of Minas Gerais. Already In the late 1960s, Banco Itaú acquired Banco Sul Americano (1966) and Banco da América (1969). In the 1970s it merged with Banco Aliança de Rio de Janeiro (1973), Banco Português do Brasil (1974) and Banco União Comercial (1974). In 1979 it opened its first operations abroad with a representative office in New York City and a subsidiary in Buenos Aires. References