Bancolombia, Colombia's largest bank by assets and shareholders' equity, is a full service financial institution offering a broad range of banking products and services – including corporate and government banking, treasury, mortgage banking, and personal and SME banking – to individual and corporate clients. The bank's offerings include saving and checking accounts, investment products, debit and credit cards, pension plans, mortgage loans, consumer and commercial financing, remittance services, payment and collection, and foreign trade. Bancolombia has a 20% market share in Colombia's banking sector and has a strong presence in the corporate, mortgage, government, retail, and middle-market segments. Bancolombia's non-banking subsidiaries provide ancillary services such as stock brokerage, investment banking, leasing, factoring, consumer finance, fiduciary and trust services, asset management, pension fund administration, and insurance. In addition, the group owns El Salvador's largest bank Banagrícola, off-shore banking subsidiaries in Panama, Peru, the Cayman Islands and Puerto Rico, and an agency in Miami, Florida. The bank serves its customers through the country's largest distribution network with 1,090 branches and 4,310 ATMs. Its Banagrícola division has another 100 branches located in El Salvador. Bancolombia was formed in 1998 as a result of a merger between Banco de Colombia and Banco Industrial Colombiano. It is headquartered in Medellín, the country's second largest city, and is controlled by Colombian holding company Grupo de Inversiones Suramericana.