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 financial services company interested in continuing to serve any clients that remain.
Today, we would like to provide an update on both topics.
Operational Delays
Euro Pacific Bank began allowing clients to submit transfer requests in their eBanking on Monday, August 29th. Unfortunately, those transfer requests are currently being held by our correspondent bank, who has requested written confirmation from the bank’s government-appointed receiver that we are authorized to proceed with your wire transfer(s).
However, the receiver will not provide our correspondent bank with that written confirmation until the Puerto Rico financial regulator (OCIF) authorizes him to. In other words, our correspondent bank will not process any of our wire transfer requests until OCIF provides authorization.
We understand this situation may be frustrating for some of you, especially after patiently waiting. However, the bank is in receivership and has been under the control of OCIF, so transactions can take much longer to process than it did before.
As stated in our Monday notice, clients can still request transactions and they will be processed as soon as we’re allowed to. Thanks for your continued patience through this process and we will continue to update you on this step.
Brokerage Accounts
Similarly, if you currently have a Euro Pacific Trader brokerage account and are awaiting the transfer of your positions to your new Interactive Brokers account, we have also been asked to get written authorization from our receiver before any of our transfer requests can be processed.
Account Migration
As you may recall in our Notice of Liquidation, a financial services company has made an offer to continue serving our customers, which includes bank deposits, precious metals, mutual funds, and brokerage accounts. Understandably, an important part of your consideration to be migrated to this new institution is who they are and what they do.
We have received authorization to disclose the company’s details, so you can expect to receive a welcome letter from this company within a few days. A copy of their welcome letter will be published here on our website. They also plan to conduct a “Virtual Customer Townhall” within the next two weeks to introduce their senior leadership team and answer your questions.
Previous Notifications
May 26, 2026: Public Alert Regarding Silver Holdings and Claim Submission Process
Wigberto Lugo Mender, Esq. (the “Receiver” or “Trustee”), hereby informs all interested parties in the liquidation process of Euro Pacific International Bank, Inc. (“EPIB”) that a Public Alert regarding Silver Holdings and the claim submission process has been...
May 20, 2026: IMPORTANT NOTICE TO OPT-IN CUSTOMERS
Esteemed Customers, Customers previously classified as “Opt-In Customers” are hereby notified of the opportunity to elect participation in the OCIF-supervised liquidation process as Reverse Migration Customers. Claims must be submitted within sixty (60) days from the...
May 14, 2026: Cover Statement and Executed Settlement Agreement
Esteemed Customers, Wigberto Lugo Mender, Esq. (hereinafter the “Receiver” or “Trustee”), hereby informs all interested parties in the liquidation process of Euro Pacific Intl. Bank, Inc. (“EPIB”) that the following documents have been uploaded on Legal Documents page...
May 14, 2026: Liquidation Receiver Report on Work Performed Q1-2026
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...
May 12, 2026: New Documents for Case Lugo Mender v Qenta Inc
Esteemed Customers, Wigberto Lugo Mender, Esq. (hereinafter, the “Receiver” or “Trustee”), hereby informs that new documents have been added regarding Case No. 3:25-cv-01501-PAD-GLS – Lugo-Mender v. Qenta, Inc. et al. Documents added: Dk 75 Joint INFORMATIVE MotionDk...
February 14, 2026: Liquidation Receiver Report on Work Performed Q4-2025
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...
February 14, 2025: New Documents for Case Lugo Mender v Qenta Inc
Esteemed Customers, Wigberto Lugo Mender, Esq. (hereinafter, the “Receiver” or “Trustee”), hereby informs that new documents have been added regarding Case No. 3:25-cv-01501-PAD-GLS – Lugo-Mender v. Qenta, Inc. et al. Documents added: Docket 62-64-65.pdf - Docket...
December 10, 2025: New Documents for Case Lugo Mender v Qenta, Inc
Esteemed Customers, Wigberto Lugo Mender, Esq. (hereinafter, the “Receiver” or “Trustee”), hereby informs that new documents have been added regarding Case No. 3:25-cv-01501-PAD-GLS – Lugo-Mender v. Qenta, Inc. et al. Documents added: Dk 36 MOTION to Dismiss for...
October 28, 2025: Liquidation Receiver Report on Work Performed Q3-2025
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 3rd Quarter of...
October 16, 2025: New Section for Case Lugo Mender v Qenta, Inc
Esteemed Customers, Wigberto Lugo Mender, Esq. (hereinafter, the “Receiver” or “Trustee”), hereby informs that a new section has been created regarding activity in Case No. 3:25-cv-01501-PAD-GLS – Lugo-Mender v. Qenta, Inc. et al. This section will serve to: Inform...