Caribbean Bank Acquires Hidalgo Finance Group Corp for $94 Million Economic Development Project

Hidalgo Corporation, a Nevada Corporation (www.hidalgofinance.com ) has accepted offer of acquisition from Caribbean-based financial institution after several months of negotiations that began in 2009. The acquisition will consist of market expansion for the former private finance company, Hidalgo Corp (which will hereafter operate as Hidalgo Bancorp ) offering financial services, grant, and loan programs to low income households and minority businesses.

”We’ve worked hard several years and I am very ecstatic to reach a feasible business deal that will enable Hidalgo to expand beyond the original business model where we started. Nonetheless, we now have the opportunity to aid the businesses and people within the community even more than before”, says Cary Lee Peterson, Hidalgo President/CEO.

The new finance programs will include secured and unsecured commercial business loans for green technology projects and mortgage loans to low-income households within Canada and the United States. Future plans include online banking services, commercial receivables factoring, and debt consolidation.

For more information about Hidalgo Bancorp please contact PR@hidalgobancorp.com

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