San Juan, Puerto Rico, November 16, 2022 – Calixto García-Vélez, president and chief executive officer of Banesco USA, was selected Banker of the Year at the awards ceremony held by the Puerto Rico Builders Association during its annual convention on November 15, 2022.

This important distinction, granted to García-Vélez by recommendation of the Association members, recognizes his trajectory as an ally of the industry supporting the efforts of developers that promote the quality of life on the Island.

In his acceptance speech, Calixto recognized the construction industry as a pillar of Puerto Rico’s economic progress and reaffirmed Banesco USA’s commitment to seek and support its development for the well-being of the Island.

“Throughout my career in banking, I have seen the positive impact that the construction industry has on the socio-economic development of communities,” said García-Vélez. “This award comes at a time when Banesco USA is doubly committed to Puerto Rico. First, our leadership is transformative. We are the only bank that has the capital and is committed to investing that capital in local businesses. Secondly, we are agile. Our bank is managed locally by experienced bankers who are empowered to execute with certainty. Through the $250 million investment by the U.S. Department of the Treasury, we remain focused on creating opportunities for people and businesses in Puerto Rico to thrive and experience long-term sustainable growth,” ended García-Vélez.

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About Banesco USA
Founded in 2006 and based in Miami, Florida, Banesco USA is an independent Florida state-chartered bank with $2.78 billion in assets as of September 30, 2022. The bank has four branches in South Florida: Coral Gables, Hialeah, Aventura, and Brickell; and one in San Juan, Puerto Rico. A location in the Doral area is coming soon. Visit BanescoUSA.com for additional information.

Contact:
Iris M. González, APR, Lic. R-67
Iris.gonzalez@concordia-commuications.com
787-692-5588