The story
Bancolombia was founded on January 29, 1875 as "Banco de Colombia" in Medellín, Colombia. In 1929 the bank began trading on the Bolsa de Bogotá. In 1995 the bank became the first Colombian company to trade on the New York Stock Exchange.
In 1983, the Grupo Grancolombiano crisis occurred. The main measure taken by the government was the nationalization of Banco de Colombia, and operated as a state entity until 1994.
In 1998 "Banco de Colombia" and "Banco Industrial Colombiano (BIC)" are consolidated, born in this way Bancolombia.
In 2005 Bancolombia fuses with "Conavi" and "Corfinsura" to create "Grupo Bancolombia".
In 2013 they acquired the operations of HSBC Bank Panama, renamed Banistmo.
In 2021 Bancolombia renews its corporative image, along with all entities that conform the "Grupo Bancolombia".
In 2025, Bancolombia announced the creation of Grupo Cibest in a context of reorganization and would be its new parent company replacing Grupo Bancolombia.
From Wikipedia’s article on Bancolombia, shared under CC BY-SA 4.0.7
