Banco Atlántico, S.A. was a bank in Barcelona. In 2003 Banco Atlántico became part of the Banco Sabadell Group.[1]
History
In 1901, shortly after Cuba gained independence from Spain, José and Francisco Nonell y Feliu, who had been operating a currency exchange business in Cuba since 1885, relocated their business to Barcelona. In collaboration with local merchants, they established a bank called Nonell, Rovira y Matas, which aimed to facilitate the investment of repatriated funds from Cuba into local securities.
By 1917, the bank had changed its name to Nonell Hermanos, and in the 1920s, it was further rebranded as Banca Nonell. In 1946, Claudio Güell y Churruca, the Count of Ruiseñada, took control of the bank and renamed it Banco Atlántico.
In 1961, the descendants of Güell sold their shares to a new group of investors. During this time, Continental Illinois Bank acquired a stake in Banco Atlántico. However, ownership eventually passed to Rumasa, a holding company owned by José María Ruiz Mateos.
In 1975, Banco Atlántico expanded its international presence by establishing an agency in New York, which remained operational until its closure in 2001.
In 1983, the Spanish Socialist government under Felipe González and Miguel Boyer