Banco Pastor

Banco Popular Pastor, S.A. is a Spanish bank. It is the second oldest banking institution in the country, after Banco Etcheverría.

The bank's main business activity is commercial banking, corporate banking, Internet and telephone banking, and treasury and capital markets. The bank had 4,035 employees as of 2005, 555 branches in Spain and 3 abroad.

History

Founded in 1776 by Jaime Dalmau Batista as Jaime Dalmau y Cía (Jaime Dalmau and Company), who had a shipping company operating between the port of A Coruña and several American ports. Galician emigrants used to send their savings back to Galicia through the shipping company, hence the need to manage all that capital.

In 1819 José Pastor Taxonera became a partner in the company, and soon took control of the business. He bought it in 1845 and changed its name to José Pastor. The business was passed down through generations of his descendants, changing its name to Pastor Hermanos, José Pastor y Cía. and Sobrinos de José Pastor successively until 1925, when it became Banco Pastor and became a Sociedad Anónima.