Banco Gallego, S.A. offers retail, wholesale, and commercial banking services in Spain. The company offers current and savings accounts, and fixed-term deposits; commercial loans, secured loans, loans on demand, and other fixed term loans; and asset management, investment fund distribution, and structured products. As of December 31, 2010 it had 196 branch offices, which include 130 branches located in Galicia, 29 in the Madrid Region, 5 in the Basque Country, 6 in Castile-Leon, 5 in the Valencia Region, 3 in Asturias, 2 in Aragon, 1 in Navarre, 4 in Andaluc=a, 1 in the Balearic Islands, 1 in La Rioja, 1 in Cantabria, 3 in Castile-La Mancha, 1 in the Murcia Region, and 4 in Catalonia. The company was formerly known as Banco 21, S.A. and changed its name to Banco Gallego, S.A. in October 1998. Banco Gallego, S.A. was incorporated in 1991 and is based in Santiago de, Spain. Banco Gallego, S.A. operates as a subsidiary of Fondo de Reestructuracion Ordenada Bancaria (FROB).