Banca March, S.A., (/mɑːk/) is a Spanish investment bank and financial services company headquartered in Palma de Mallorca and Madrid. The bank was founded in 1926 by arms and tobacco smuggler Juan March, who sought to finance some of his ilegal business activities. In the beginning, its sphere of influence was limited to Majorca but it eventually grew to be the leading independent bank in the Balearic Islands. In 1974 it initiated an expansion onto the Spanish peninsula and in 1989 it began serious operations in the Canary Islands.