Banrural requested permission from the Florida Financial Regulation Office and the Federal Reserve to set up an office in Miami.
"If the request is granted, Banrural will become the second bank from CA to have an office in the US," said Friedhoff, a partner at the Fowler White Burnett P.A. law firm in Miami.
According to the lawyer, the Guatemalan bank has taken this step in order to provide direct services to Guatemalans residing in the US, including remittances, and the export and import business, now that Guatemala forms a part of CAFTA.