Banque Nationale Sale 1935

In 1935, the Banque Nationale de la République d'Haïti was nominally sold to the Haitian government after National City Bank sought to exit its exposed role following occupation scrutiny. The proposed arrangement would have shifted U.S. financial supervision to a six-man bank board dominated by American bondholder representatives, but bondholders rejected the plan as less secure than existing arrangements. The August 7, 1933 accord thus remained operative, and direct fiscal control continued past the military withdrawal, demonstrating that ownership transfer on paper did not restore genuine Haitian financial sovereignty.