Written agreement with Granvalor Holding and International Bancorp of Miami

The following press release was published by the Board of Governors of the Federal Reserve System on March 29, 2010. It is reproduced in full below.

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.

Source: Board of Governors of the Federal Reserve System