Unibanco S.A. was a Brazilian bank which operated from 1924 to 2009, when it was merged into Banco Itaú. The name stood for União de Bancos Brasileiros (“Union of Brazilian Banks”).
Foundation
In 1924 João Moreira Salles established the Casa Bancária Moreira Salles (Moreira Salles Banking House) in the city of Poços de Caldas, state of Minas Gerais. His son, Walter Moreira Salles, was named an acting partner in 1933 at the young age of twenty-one.