March 29, 2010

Written agreement with Granvalor Holding and International Bancorp of Miami

For immediate release

The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Granvalor Holding, Ltd., Tortola, British Virgin Islands, International Bancorp of Miami, Inc., Coral Gables, Florida, both registered bank holding companies, and the Federal Reserve Bank of Atlanta.

A copy of the Written Agreement is attached.

Last Update: March 29, 2010