First Chicago NBD, Scotiabank and Banco Inverlatin join IBOS Association

Move to establish IBOS as most advanced international banking alliance providing comprehensive cash management services to corporate customers. The IBOS Association, chaired by George Mathewson, Chief Executive Officer of The Royal Bank of Scotland, enters an exciting new era this June with the addition of three major institutions located in the North American Free Trade Agreement region. Together with First Union National Bank (which is continuing as a Member of IBOS following its merger with Corestates) First Chicago NBD, Scotiabank and Banco Inverlat are now joining IBOS forming a comprehensive group of leading banks, with in excess of 6,000 branches in the United States, Canada and Mexico.


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