First Bank (Romania)
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History
Five years after it was founded, Pater Bank was sold in 2000 to Piraeus Bank,[1] and its name was changed to reflect its new owner. Piraeus Bank sold its Romanian subsidiary to J.C. Flowers & Co. on 28 June 2018, who changed the bank's name to First Bank on 12 September 2018.[2]
As of the following month, its shareholding structure became as follows:[3]
- J.C. Flowers & Co. - 76.1%
- EBRD - 19%
- Natural persons - 4.9%
In April 2020, First Bank acquired and absorbed the Romanian subsidiary of Bank Leumi.[1] In May 2024, the bank was acquired by the Italian group Intesa Sanpaolo.
See also
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