Espirito Santo Bank has hired Atlanta-based FIG Partners to help sell its Miami operations.

The bank’s beleaguered parent, Lisbon-based Banco Espirito Santo, will be disbanded and its healthy assets sold as part of a nearly $6.5 million bailout by the Portuguese government. The family-run corporation is plagued by allegations of fraud, money laundering and claims that the group issued billions in new debt while it hovered on the brink of bankruptcy.