The Chairman and CEO of Société Générale de Banque au Liban (SGBL) Antoun Sehnaoui has bought the Pikes Peak National Bank in Colorado Springs, according to a spokesperson.
Sehnaoui is new the chairman of the Colorado-based bank and plans to use it as a hub for expansion across the United States.
He entered negotiations for the acquisition two years ago as an opportunity to expand around the world.
“(It’s an) excellent opportunity based on the bank’s solid management under an experienced, professional leadership team,” Sehnaoui said in a statement.
Currently, the bank has three locations around the Colorado Springs area with total assets held at almost $89 million. The bank has about 30 employees.
Sehnaoui was born in Lebanon in 1972 and moved to the United States during the Lebanese Civil War to study International Finance and Banking at the University of Southern California.
He returned to Lebanon and set out to make the country “once again the banking, finance, media and tourist hub of the Middle East.”
Sehnaoui has been credited ten times as a film producer for Lebanese movies, including the Oscar-nominated foreign film The Insult.