PanAmerican BanCorp, a U.S. company that aims to take advantage of undeveloped niches in international mortgage banking, recently opened shop in Buenos Aires, Argentina.

"Many foreign firms are planning to capitalize on the tremendous opportunity available in Latin America," said John Schmitz, CEO of PanAmerican BanCorp. "We have moved quickly to establish our presence so that we can be at the forefront of those entering this dynamic market."

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