Banistmo (formerly "HSBC Bank Panamá") is the Panamanian unit of Colombia's Bancolombia S.A, who acquired the company from UK banking giant HSBC. The deal also includes HSBC Panamá's insurance, leasing, trust, asset management and securities trading subsidiaries. Bancolombia rebrand the units as "Banistmo," which was the name of the acquired assets until 2006, when they were bought by HSBC.
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