Bancafé (Colombia)

Banco Cafetero
The Banco Cafetero (Coffee Growers Bank) was founded in 1953 by the Colombian government and the Fondo Nacional del Café (National Coffee Fund), an entity under the supervision of the Federación Nacional de Cafeteros de Colombia (National Federation of Coffee Growers of Colombia) in charge of Coffee production policies. The bank was created because the bank of the farmers at the time, the Caja Agraria (a bank for the farming sector), was not effective enough for coffee growers to get loans. Along with the Banco Ganadero (now BBVA Colombia) and the aforementioned Caja Agraria, the Banco Cafetero was part of the Colombian institutions to finance the national agricultural sector. At its peak the bank had 300 branches in Colombia and it was the third largest bank in the country.

1953-1983(?)
The original logo had a squared letter "C" like with a negative shape of a grain of coffee inside it.

1983(?)-1995(?)
Around the year 1983, the Banco Cafetero changed slightly its corporate image with the adoption of a more futuristic font without changing the squared C with a grain of coffee logo.

Bancafé
In the middle of the last decade of the 20th century the bank rebranded itself again and adopted a new image with a abbreviated version of its original name: Banco Cafetero. The letter C with a grain of coffee was disregarded in favor of a simpler logo with three grains of coffee in a triangular arrangement.

2005-2006
On 2005 after a fall on the international coffee price, accumulated liabilities and the impossibility of honoring the demands of its unionized employees, Bancafé declared bankruptcy on 2005 and the Colombian government created a new company called Granbanco – Bancafé, known to the public to just bancafé, with the goal of being sold later to a private bank.

2006-2007
in 2006, Davivienda bought Granbanco – Bancafé and during a year, Bancafé was known as Davivienda Red Bancafé. In 2007 the merge of the two banks was completed and Bancafé ceased to exist.

Since 2007 the bank and all of its branches are now part of Davivienda.