-- Transaction Allows Expansion of Its Business to High Net Worth and Affluent 
Clients in The U.S.

Bradesco announces its entry into an agreement to acquire BAC Florida Bank 
("BAC Florida"), a Florida-state licensed bank specializing in providing 
financial services in the U.S., especially to non-resident high net worth 
individuals. With this transaction, Bradesco reiterates its commitment to 
creating long-term value for its shareholders and clients, by strengthening its 
operations in different markets.

The value of the transaction is approximately US$500 million and the 
transaction is subject to the approval of the competent regulatory authorities 
in Brazil and the U.S.

With assets of US$2.2 billion and shareholders' equity of US$206 million, BAC 
Florida operates in different business segments, including Private Banking & 
Wealth Management, Corporate & Institutional Banking, and Real Estate 
Financing. It also offers Personal, Business and Digital Banking, with clients 
in 49 U.S. states and operates a broker dealer. 

"Expanding our product and service offerings through BAC Florida is a way of 
being the preferred wealth management bank for our clients, who have 
increasingly demanded more diversification and greater access to global 
solutions," says Octavio de Lazari, Chief Executive Officer of Bradesco.

For Bradesco the acquisition has a strategic importance, as it will expand the 
offering of investments in the U.S. to Bradesco's affluent and high net worth 
clients, as well as other banking services, such as checking account, credit 
card and real estate financing. Bradesco will also have the opportunity to 
expand business related to corporate and institutional clients.

"We are pleased to have reached this agreement with Bradesco. We believe the 
transaction will continue to contribute to the success of our clients and the 
professional and personal development of BAC Florida team members," said Carlos 
Pellas, Co-Chairman of BAC Florida.

Banco Bradesco BBI S.A. acted as financial advisor and Shearman & Sterling LLP 
acted as outside legal counsel to Bradesco in connection with the transaction. 
Sandler O'Neill & Partners, L.P. served as financial advisor to BAC Florida and 
its controlling shareholders. Hughes Hubbard & Reed and Avila Rodriguez 
Hernandez Mena & Ferri, LLP (ARHMF) served as legal advisor to BAC Florida 
shareholders and BAC Florida, respectively.

About BAC Florida

With 45 years of banking expertise, BAC Florida is headquartered in Coral 
Gables, Miami, U.S. It is part of Grupo Pellas, a business conglomerate with 
over 140 years of history and operations in 10 countries. As of December 31st, 
2018, BAC Florida posted total assets of US$2,235 million, shareholders' equity 
of US$205.9 million and net income of US$29.4 million. It currently has 
approximately 10,000 clients.

BAC Florida operates primarily in the following business areas: Private Banking 
& Wealth Management, Corporate & Institutional Banking and Real Estate 
Financing. It also provides Domestic Personal, Commercial and Digital Banking 
and operates a Broker Dealer.

The North American bank has clients in the domestic and international markets. 
In addition, it has strong relationships with high net worth foreign nationals, 
to whom it provides financial services including Real Estate Financing.

For further information: 

Bradesco Public Relations Department 
55 11 36845899/ 55 11 36842776
imprensa@bradesco.com.br 

Bradesco Investor Relations Department
www.bradescori.com.br 

SOURCE: Banco Bradesco S.A.