The Superintendence of Banks has announced the dissolution of the Banco Peravia de Ahorro y Credito SA. Diario Libre reports that the bank started operations as Banco Peravia in August 1987. The Superintendence of Banks instructed account and financial certificate holders to visit the bank as of 25 November 2014 to validate them.
As reported in Diario Libre, the Superintendence has been empowered by the Monetary Board to investigate whether the present situation of insufficient solvency (identified at more than 50%) has involved irregular actions by bank directors, shareholders or board members, in which case, they would be taken to court.
http://www.diariolibre.com/economia/2014/11/24/i896111_superintendencia-bancos-conocer-proceso-disolucin-del-banco-peravia.html