SunTrust Banks Inc. said it has agreed to acquire all the deposits of Banco Latino International, the Miami unit of a failed Venezuelan bank, for an undisclosed sum.

Banco Latino International, a subsidiary of Venezuela's Banco Latino, went into Chapter 11 bankruptcy in January 1994 after its Caracas-based parent company collapsed and was taken over by Venezuelan regulators.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.