(This story was updated on October 8 to reflect reports that Unicaja is in informal merger talks with Liberbank.)
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In the heart of the southern Spanish port of Malaga, one building soars unavoidably above the bustling cityscape: the headquarters of Banco Unicaja.
Built in a severe brutalist style that seems at odds with Malaga’s summery vibe, local commerce revolves around the Unicaja tower, extending across rural Andalucía beyond. Unicaja is the sum of a 1991 merger of a regional group of centuries-old savings thrifts and credit unions, or cajas, and is today a banking powerhouse in the region.
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