RECEIVER’S REPORT ON EURO PACIFIC INTERNATIONAL BANK, INC
LIQUIDATION PROCESS UPDATE
Dear Opt-Out Customers,
As was advanced in our last quarterly report, we continue to move forward with this liquidation process.
We are glad to inform you that most of the assets subject to this liquidation are finally under the control
of the undersigned. Notwithstanding, we still need to complete the final reconciliation of funds and
obligations to customers as the immediate next step required to commence setting an official liquidation
date.
Opt-Out customers should be informed that the notices required by the Office of the Commissioner of
Financial Institutions have not been sent, as we are still reconciling the assets and customers’ accounts
participating in this process. Once this reconciliation concludes and is approved by the Office of the
Commissioner of Financial Institutions, we will then be able to set an official migration date, of which
customers will be informed.
Moreover, to the extent the notice on filing proofs of claims has not been issued, there is no deadline set
that may affect your rights as customer for claiming the amounts due on your deposits. Upon notice set
and served, customers will have ample time to complete the forms that will be required to conclude on
the allowance of said claims.
After receiving the proofs of claims by parties participating in the liquidation process and prior to any
distribution, each claim filed, as well as the supporting documents received in conjunction thereto will be
reviewed. If any additional document or information is required from the Trustee, those customers will
be duly notified and allowed a reasonable period of time to further support their claims.
While we cannot provide a firm timeline at the moment, all efforts are geared to commence this
liquidation process within the next upcoming weeks. If you are an opt-out customer, please visit the
dedicated website set up by the undersigned for updates at https://epbprliquidation.com/ or through
electronic mail at trustee@epbprliquidation.com.
On the other hand, if you are an opt-in customer, please contact the EPB Customer Services team
at info@europacbank.com for further updates on your account.
Wigberto Lugo Mender
Trustee Appointed by The Office of the Commissioner of Financial Institutions, Puerto Rico
Previous Notifications
August 9, 2024: Liquidation Receiver Report on Work Performed Q2-2024
Esteemed Customers, Wigberto Lugo Mender, Esq., (hereinafter "Receiver" or "Trustee") hereby informs all interested parties to the liquidation process of Euro Pacific Int'l. Bank, Inc., (hereinafter "EPIB") that the Liquidation Receiver Report for the 2nd Quarter of...
July 31, 2024: Liquidation Receiver on Work Performed Q1-2024
Esteemed Customers, Wigberto Lugo Mender, Esq., (hereinafter "Receiver" or "Trustee") hereby informs all interested parties to the liquidation process of Euro Pacific Int'l. Bank, Inc., (hereinafter "EPIB") that the Liquidation Receiver Report for the 1st Quarter of...
April 12, 2024: Liquidation Receiver on Work Performed Q4-2023
Esteemed Customers, Wigberto Lugo Mender, Esq., (hereinafter "Receiver" or "Trustee") hereby informs all interested parties to the liquidation process of Euro Pacific Int'l. Bank, Inc., (hereinafter "EPIB") that the Liquidation Receiver Report for the 4th Quarter of...
March 8, 2024: Liquidation Receiver Reports on Work Performed
Esteemed Customers, Wigberto Lugo Mender, Esq., (hereinafter "Receiver" or "Trustee") hereby informs all interested parties to the liquidation process of Euro Pacific Int'l. Bank, Inc., (hereinafter "EPIB") on the work and transactions for the entity on liquidation...
November 15, 2023: Liquidation Process Update
Esteemed Customers, By this time Euro Pacific International Bank (“EPIB”) “Opt-Out” customers have been contacted through the designated website portal to upload certain information required by the Trustee to update and verify information required to commence the...
September 15, 2023 : Receiver’s Report on EPIB Liquidation Process update
Esteemed Customers, As you may already be previously informed, the voluntary liquidation process ordered for Euro Pacific International Bank upon the Joint Consent Order of Liquidation entered on August 9, 2022, should be modified upon a request of Global Financial...
June 17, 2023: EPIB Trustee Case Progress Report
Esteemed Customers, Following up on the Receiver Report dated June 15, 2023, customers and parties in interest should be informed as follows. 1. Global Financial Services Technology (“GFST”) has provided its list of customers that should be transferred to them for...
June 15, 2023 : Receiver’s Report
Dear Customers, We are pleased to inform you that the Receiver, who is appointed by OCIF (Office of the Commissioner of Financial Institutions of Puerto Rico), has diligently prepared an official progress report detailing the liquidation process up to this...
September 8, 2022: Qenta Welcome Letter
Dear valued customer, On behalf of Qenta Inc., welcome to our family. We know this has been a difficult time and look forward to a brighter future together. In this letter, we want to share who we are, why we are excited for you to join us, and invite you to our...
September 2, 2022: Update on Pending Transactions, Brokerage, and Account Migration
Dear Euro Pacific Bank customer, As stated in the official Notice of Liquidation on Monday, August 29th, Euro Pacific Bank was required to proceed with its liquidation and allow clients to request withdrawals inside their eBanking. We also disclosed the existence of a...