[6] For much of its history, the Banco de Talca was characterized for contributing to various advance works for the city and the province, such as the installation of the headquarters of the University of Chile in the city (1965), the creation and habilitation of the Museum of Huilquilemu (1975), sponsorship of exhibitions of Chilean painting, the construction of the Lircay Tower —first building of 15 floors in Talca— in 1975, and also granting financing for the preliminary studies and the later creation of the Corporation of Development of the Maule Region.
[7] In March 1975, the Banco de Talca created a Department of Foreign Trade, where import and export procedures were handled, as well as providing technical reports on the subject.
[4] Since the mid-1970s, the bank began a new expansion process, opening branches in Iquique (September 30, 1976) —converting itself to official representatives of the Free Zone—, Arica (1977), Curicó (1977), Mercado-Centro in Talca (1977), Viña del Mar (1978), Antofagasta (1978), Faro de Apoquindo (1978) and Macul (1979), these last two in Santiago.
On April 19 of that year, Carlos Massad joined the board of directors —he was named president of the bank on June 22— and Sebastián Piñera was appointed general manager —who was replaced on November 1, 1980 by Emiliano Figueroa Sandoval—.
[11][12][13][14] After its disappearance, several of the controllers of the Banco de Talca were prosecuted for fraud and infractions of the General Banking Law; on July 12, 1982, the interim administration of the bank in liquidation (appointed by the SBIF) filed a complaint against several executives: that same day Miguel Calaf and Alberto Danioni were arrested —they were declared inmates five days later— while on August 27 of the same year, Sebastián Piñera, Carlos Massad and Emiliano Figueroa Sandoval were convicted, their arrest warrants being annulled by the Supreme Court on September 20, after they filed a recurso de amparo and during that period they were not able to be located the authorities for his arrest.
[15][16][17][18][19] At the end of July 2009, the former Minister of Justice of the Pinochet regime, Mónica Madariaga, once again brought to light the bankruptcy of the Banco de Talca in an electoral environment, when Sebastián Piñera was running for president.
The press insisted on interviewing police, judges and politicians, although in the end the scandal was aimed at questioning the candidate's money in an environment close to the December 2009 election.
[21][22] Sebastián Piñera, who has denied that he was a fugitive from justice, in his defense accused Detective Nelson Rivera, who tried to stop him in 1982, noting that the report the police had made was false.