Banrisul Banco do Estado do Rio Grande do Sul S.A. (Banrisul), the state bank of Brazil's Rio Grande do Sul, offers a range of financial products and services, including personal loans and mortgages, long-term financing, business lines of credit, debit and credit cards and savings deposits. As of December 2014, Banrisul operated 538 branches in Brazil. In 2014 the bank formed a partnership with insurance and private pension group Icatu Seguros. It aims to consolidate Banrisul as a key insurance provider in Rio Grande do Sul state and Brazil's southern region. The Porto Alegre-based bank was founded in 1928 and is controlled by the Rio Grande do Sul state government.