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Banco Gallego's Overview

Total employees760
HeadquartersSantiago de Compostela
Founded1957

Banco Gallego, S.A. was a Spanish bank with deep roots in Galicia. Originating from Banco de Crédito e Inversiones (BCI) founded in 1957 and officially rebranded as Banco Gallego in 1993, it primarily served individuals and small to medium-sized enterprises (SMEs) in the Galician region and other parts of Spain. Following financial distress linked to the Spanish real estate crisis, Banco Gallego received state aid and was subsequently acquired by Banco Sabadell in July 2013 for a symbolic price of one euro. Its operations, branches, and staff were integrated into the Banco Sabadell network, and the Banco Gallego brand was eventually phased out, marking the end of its independent existence but ensuring the continuity of services for its clients under a larger banking group.

Where is Banco Gallego's Headquarters?

HQ Function

Served as the primary administrative and operational center, housing executive management, core banking operations, financial control, and strategic planning for Banco Gallego prior to its acquisition.

Notable Features:

A modern office building located in a central area of Santiago de Compostela. While not an architectural landmark, its location underscored its importance as a key financial institution in Galicia.

Work Culture:

As a regional bank, the work culture at Banco Gallego's headquarters likely emphasized strong local ties, customer service, and a traditional banking environment. Post-acquisition, remaining employees would have adapted to Banco Sabadell's corporate culture.

HQ Significance:

The headquarters symbolized Banco Gallego's commitment to the Galician region and was central to its identity and operations as a prominent local bank for many years.

Values Reflected in HQ: The headquarters aimed to project stability, regional commitment, and trustworthiness, essential values for a financial institution serving its local community.

Location:

Banco Gallego's operations were predominantly concentrated within Spain. It had a strong presence in its home region of Galicia and maintained a network of branches in other major Spanish cities, including Madrid, Barcelona, and Valencia, often serving the Galician diaspora and businesses with interregional interests. The bank did not have a significant independent international branch network, focusing its strategy on the domestic Spanish market prior to its acquisition by Banco Sabadell.

Street Address:

Rúa do Hórreo, 17

City:

Santiago de Compostela

State/Province:

A Coruña

Country:

Spain

Banco Gallego's Global Presence

Vigo, Pontevedra/Spain

Address: Historically, multiple branches in key commercial areas such as Policarpo Sanz, Vigo. Specific historical office addresses for non-HQ administrative centers are not prominently documented.

To serve as a key operational hub in southern Galicia, supporting the region's vibrant economic activity, including fishing, manufacturing, and international trade.

A Coruña, A Coruña/Spain

Address: Historically, multiple branches in central business districts like Cantón Grande, A Coruña. Specific historical office addresses for non-HQ administrative centers are not prominently documented.

To provide comprehensive banking services to A Coruña's significant port, service sector, and commercial enterprises, acting as a financial pillar in the northern Galician economy.

Buying Intent Signals for Banco Gallego

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of Banco Gallego

As of April 2025, Banco Gallego' leadership includes:

Francisco Javier García de Paredes Moro - Former Chairman & CEO (until approx. 2012/2013)
José Luis Losada Rodríguez - Former General Manager (Director General)
Juan Manuel Urgoiti - Former Chairman (until approx. 2008/2009)

Investors of Banco Gallego

Banco Gallego has been backed by several prominent investors over the years, including:

NCG Banco, S.A. (formerly Novacaixagalicia, held approx. 49.84%)
Javier Ungría López (approx. 7.5%)
Ramón Gascón y Noris (approx. 5%)
Various other private investors and families

Executive New Hires/Exits in the Last 12 Months

Hire0
Exits0

As Banco Gallego was acquired by Banco Sabadell in 2013 and subsequently integrated, there have been no executive hires or exits attributable to 'Banco Gallego' as an independent entity in the last 12 months. Significant leadership changes occurred around the 2013 acquisition and during the integration period into Banco Sabadell. Any recent executive news relevant to former Banco Gallego operations would now be part of Banco Sabadell's corporate announcements.

Departures

N/A, No executive departures from 'Banco Gallego' in the last 12 months as the entity no longer operates independently.

New Appointments:

N/A, No new executive appointments for 'Banco Gallego' in the last 12 months as the entity no longer operates independently.

Technology (Tech Stack) used by Banco Gallego

Discover the tools Banco Gallego uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Banco Gallego Email Formats and Examples

Prior to its acquisition in 2013, Banco Gallego would have used its own corporate email domain (e.g., @bancogallego.es or similar). Following the integration into Banco Sabadell, these email addresses became defunct, with communications transitioning to Banco Sabadell's systems (e.g., @bancsabadell.com). Precise historical email format patterns for Banco Gallego are not widely publicised.

Historically likely [first_initial][last]@bancogallego.es or [name].[surname]@bancogallego.es (speculative). Now defunct.

Format

firstname.lastname@bancsabadell.com (example for current parent company)

Example

0 (The original Banco Gallego email domain is no longer active)%

Success rate

News and media

ReutersJuly 19, 2013

Banco Gallego News: Sabadell seals Banco Gallego buy for one euro

Spain's Banco Sabadell announced it had completed the purchase of nationalized lender Banco Gallego for a symbolic price of one euro. This followed Banco Gallego receiving 245 million euros in European aid to sanitize its financial position....more

El PaísApril 19, 2013

Banco Gallego News: Sabadell agrees to buy Banco Gallego for one euro after state aid

Banco Sabadell reached an agreement with Spain's Fund for Orderly Bank Restructuring (FROB) to acquire Banco Gallego. The deal was contingent on Banco Gallego receiving European financial aid to address its capital shortfalls....more

ExpansiónMarch 16, 2014

Banco Gallego News: Sabadell completes the technological and operational integration of Banco Gallego

Banco Sabadell announced the completion of the technological and operational integration of Banco Gallego (along with Lloyds Banking Group's Spanish operations). This step marked the full absorption of Banco Gallego's platform into Sabadell's systems....more

La Voz de GaliciaJuly 26, 2013

Banco Gallego News: SabadellGallego to be the group's brand in Galicia after acquisition

Following the acquisition of Banco Gallego, Banco Sabadell announced that its operations in Galicia would initially be branded as 'SabadellGallego,' combining the names of both entities to ensure brand continuity in the region before a later full transition to the Sabadell brand....more

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