Torre Cuscatlan
History
Construction for the tower began in 1988 during the presidency of José Napoleón Duarte and costed around 10 million colónes. Construction finished in 1989 along with the opening of the building. During the Salvadoran Civil War, the guerrilla group known as FMLN tried to topple it multiple times, although was unsuccessful in doing so and only achieved shattering most of the glass-covered surface. The tower was named Torre Democracia until 1998 when the building was sold to Bank Cuscátlan and was renamed Torre Cuscatlán until July 2007 when Bank Cuscatlán was bought by Citibank was then renamed Torre Citibank El Salvador. In 2016, it was once again called Torre Cuscatlán, when the name of Bank Cuscatlán was renamed in the hands of Grupo Terra, a Honduran group. Financial Investments Imperia Cuscatlán, which is a subsidiary of Grupo Terra, was responsible for the acquisition of Citigroup shares.
References
- ^ Trigueros Fabeiro, Guadalupe (2016-07-08). "¿Por qué se llama Banco Cuscatlán, en lugar de Terra Bank?". elsalvador.com. Archived from the original on July 8, 2016. Retrieved 2024-01-13.
- ^ Garcia, Patricia (2016-07-28). "Citi volverá a llamarse Banco Cuscatlán luego de que Grupo Terra lo compre". elsalvador.com. Archived from the original on July 28, 2016. Retrieved 2024-01-13.