Liberbank, S.A. was a Spanish bank headquartered in Madrid, established in 2011 through an Institutional Protection System (SIP) or 'virtual merger' of three Spanish savings banks: Cajastur (which included Banco de Castilla-La Mancha), Caja de Extremadura, and Caja Cantabria. It focused primarily on retail banking, serving individuals, SMEs, and self-employed professionals, with a significant presence in its founding regions of Asturias, Cantabria, Castile-La Mancha, and Extremadura, alongside a growing national footprint. Liberbank consistently worked on strengthening its financial position and adapting to the evolving banking landscape. On July 30, 2021, Liberbank was legally acquired by Unicaja Banco through a merger by absorption, leading to the creation of Spain's fifth-largest bank by asset volume at that time. Following the merger, the Liberbank brand was progressively phased out, and its operations, branches, and customer base were fully integrated into Unicaja Banco.
The Madrid headquarters was the central point for Liberbank's corporate strategy, financial management, risk oversight, and overall administration of its banking operations across Spain before its integration.
A modern office building in a prominent financial district of Madrid, designed to facilitate extensive banking operations and house corporate staff. Specific architectural details are not widely publicized but were typical for a major financial institution's headquarters.
The work culture at Liberbank's headquarters likely combined the legacy of customer-focused service from its constituent savings banks with the dynamism required of a publicly-listed bank competing in the Spanish market. There was an emphasis on adapting to digitalization and maintaining regulatory compliance.
The headquarters symbolized the unification of several regional savings banks into a single, nationally-operating entity. It was the core from which Liberbank managed its expansion and navigated the challenges of the Spanish financial sector until its merger.
Before its merger with Unicaja Banco, Liberbank's operations were almost exclusively concentrated within Spain. It possessed a robust national network of branches, with particular strength in its home regions of Asturias, Cantabria, Castile-La Mancha, and Extremadura, as well as a presence in other major Spanish cities. Liberbank did not maintain a significant international presence in terms of branches or direct consumer banking operations abroad, focusing its strategy on the domestic Spanish market.
Carrera de San Jerónimo, 19
Madrid
Community of Madrid
Spain
Address: Plaza de la Escandalera, 2, 33003 Oviedo, Asturias (Former HQ of Cajastur)
Served as the main operational hub for Liberbank in Asturias, continuing Cajastur's legacy of providing comprehensive banking services to the local community and economy.
Address: Paseo de Cánovas s/n, Edificio Servicios Centrales Caja Extremadura, 10003 Cáceres (Former HQ of Caja de Extremadura)
Anchored Liberbank's banking activities in Extremadura, supporting local customers, businesses, and contributing to regional economic development.
Address: Plaza de Velarde, 3, 39001 Santander, Cantabria (Former HQ of Caja Cantabria)
Supported Liberbank's extensive branch network and customer service operations in Cantabria, catering to both individual and commercial banking needs.
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As of April 2025, Liberbank' leadership includes:
Liberbank has been backed by several prominent investors over the years, including:
Liberbank's final year of independent operation was predominantly characterized by the negotiation, approval, and execution of its merger with Unicaja Banco. Consequently, executive activities and news were largely focused on this transformative transaction, including the designation of leadership roles for the combined entity. There were no major external executive hires into Liberbank during this period, as the focus was on integration. After the merger in July 2021, Liberbank ceased to exist as an independent entity, so no hires or exits occurred thereafter for 'Liberbank'.
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Prior to its merger, Liberbank likely utilized standard corporate email address formats common in Spain. While the exact internal policies are not public, typical patterns would involve combinations of an employee's first name, last name, or initials with the '@liberbank.es' domain. The examples below are illustrative based on common conventions.
[first_initial][last_name]@liberbank.es or [first_name].[last_name]@liberbank.es
Format
mruiz@liberbank.es or maria.ruiz@liberbank.es
Example
70%
Success rate
Reuters / Spanish National Securities Market Commission (CNMV) • July 30, 2021
Unicaja Banco finalized its acquisition of Liberbank through a merger by absorption, effective July 30, 2021. This strategic move created Spain's fifth-largest bank by total assets at the time. Liberbank shares were delisted, and the process of integrating operations, technology platforms, and branch networks into Unicaja Banco commenced....more
Cinco Días / Europa Press • May 23, 2022
Unicaja Banco announced the successful completion of the technological integration of Liberbank's systems and services into its own platform. This crucial step also signified the full brand unification, with former Liberbank branches, products, and digital channels adopting the Unicaja Banco identity, marking a key milestone in the post-merger process....more
Official CNMV Filings / El Economista • December 29, 2020
The Boards of Directors of both Unicaja Banco and Liberbank formally approved the common merger project. The terms included an exchange ratio where Liberbank shareholders would receive 1 new Unicaja Banco share for every 2.7705 Liberbank shares. It was also agreed that Liberbank's CEO, Manuel Menéndez, would become the CEO of the combined entity....more
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