CorpBanca, together with its subsidiaries, provides various commercial and retail banking services in Chile. It accepts checking accounts, savings accounts, bankers’ drafts, and time deposits. The company’s loan portfolio includes commercial loans; working capital loans; letters of credit; mortgage loans, including residential mortgages for the purchase of new and existing homes, and other mortgages for other purposes secured by real property owned by the customer; and consumer loans that comprise personal loans, and university and post-graduate education loans. It also offers trade finance, on-lending of financing, overdraft credit lines, cash flow management services, foreign exchange derivatives, credit and debit cards, ATM cards, and Internet and telephone banking services. In addition, the company provides financial management, securitization, financial and legal advisory, mutual fund management, insurance brokerage, and securities brokerage services, as well as leasing services and factoring services. As of December 31, 2011, the company operated 116 branch offices in Chile, including 61 branches operating under the CorpBanca name and 55 branches operating under the Banco Condell name. It also owned and operated 431 ATMs in Chile. CorpBanca was founded in 1871 and is based in Santiago, Chile.