PanAmericano is a Brazilian midsize commercial bank focused on grating consumer loans to individuals of lower to medium income brackets, such as consumer loans, payroll deduction loans, credit cards branded as Visa or Mastercard, insurance products, leasing, and group financial activities.

PanAmericano was founded in 1969 when Grupo Silvio Santos

Grupo Silvio Santos

Grupo Silvio Santos , is a Brazilian holding led by the Brazilian billionaire media-man Silvio Santos.The principal member of the holding is SBT, the third biggest network television in Brazil...

, owned by billionaire media-man Silvio Santos

Silvio Santos

-External links:*...

 puchased the Banco Real Sul and renamed to PanAmericano. Has operated as a multi-service bank since 1991, having started its credit card operations in 1994 and leasing operations in 1998 through a subsidiary, Panamericano Arrendamento Mercantil. In 1999, the insurance company, Panamericano de Seguros was incorporated into the bank. Banco Panamericano S.A. has been operating with payroll deduction loans since 2002. In 2009 the second largest Brazilian state-owned bank Caixa Econômica Federal

Caixa Econômica Federal

Caixa Econômica Federal , also referred to as Caixa or CEF, is a Brazilian bank. It is the largest government-owned financial institution in Latin America. It is the largest bank in Brazil and in Latin America by assets....

, bought part of the bank's shares of Grupo Silvio Santos to become the second largest shareholder of the institution.

Crisis of 2010

On November 8, 2010, Silvio Santos, announces loan of 2.5 billion reais (1.4 billion dollars) to cover an accounting fraud at cash bank Panamericano. Loan by the Credit Guarantee Fund and secured by assets of the business assets of Grupo Silvio Santos, it was necessary to restore full balance sheet because the bank continued to accounting for credit portfolios have been sold to other financial institutions, thus falsifying assets.

BTG Pactual

On January 29, 2010, the Brazilian newspaper Folha de São Paulo, announcied that the shortfall of the bank was of 4.0 billion reais (2.3 billion dollars). In this situation, Silvio Santos sold the shares that Grupo Silvio Santos had in the bank to BTG Pactual

BTG Pactual

BTG Pactual is a Brazilian investment bank that resulted from the takeover of UBS Pactual by BTG in 2009. BTG Pactual is the largest independent investment bank in Latin America. It has experience in emerging markets...

. The bussineman did not received any value in return, as the BTG Pactual and Caixa Economica Federal assumed all the acumuled.

Currently

Currently the bank heaquartered in São Paulo

São Paulo

São Paulo is the largest city in Brazil, the largest city in the southern hemisphere and South America, and the world's seventh largest city by population. The metropolis is anchor to the São Paulo metropolitan area, ranked as the second-most populous metropolitan area in the Americas and among...

 is one of the largest midsize banks in Brazil, and has many competitors, as Daycoval

Daycoval

Daycoval is a midsize Brazil-based bank bank that provides personal and corporate banking services, such as credit, investment banking, credit card, brokerage, trade bill collection, custodian and deposit services, as well as payroll loans and auto loans under the Daycred brand name.The Bank...

, BicBanco

BicBanco

BicBanco is a middle size Brazilian Bank founded in 1938 in Juazeiro do Norte, Ceará state by José Bezerra de Menezes and in 1948 Maria Amélia Bezerra de Menezes the matriarch of the family was the first woman in to be a Chairwoman of a bank in Brazil...

, Banco Cruzeiro do Sul

Banco Cruzeiro do Sul

Banco Cruzeiro do Sul is a Brazil-based bank mainly engaged in the consumer financing segment. It offers redit, investment, brokerage and consulting services, as well as a range of financial products...

, and others.