News Releases
November 7, 2022
Banesco USA Announces Robust Growth in Q3 2022 and Anticipates Continued Trend
Miami, FL (Thursday, November 7, 2022) — Banesco USA reported a strong third quarter 2022 with a 30% year-to-date increase in total assets to $2.78 billion. The bank also shows…
October 31, 2022
Banesco USA Deploys Emergency Capital Investment Program Funds to Businesses and Borrowers in Puerto Rico and South Florida
Coral Gables, FL (Monday, October 3, 2022) – Banesco USA is now deploying its recently received $250 million investment funds from Emergency Capital Investment Program (ECIP), particularly to minority borrowers,…
October 31, 2022
Banesco USA Appoints Edward F. Holden to its Board of Directors
Coral Gables, FL (Monday, October 24, 2022) — Banesco USA announces the appointment of Edward F. Holden to its Board of Directors. The prominent executive brings an illustrious history in…
June 23, 2022
Banesco USA Closes $250 Million Investment from the U.S. Treasury’s Emergency Capital Investment Program
Coral Gables, FL (Wednesday, June 22, 2022) Banesco USA announces it has closed on $250 million investment from the U.S. Department of the Treasury’s Emergency Capital Investment Program (ECIP). Banesco…
January 31, 2022
Banesco USA Announces Record Profitability in 2021 Accented by Rating Affirmation from Kroll Bond Rating Agency
Banesco USA announces continued year-over-year growth with its 2021 results, including a 12% growth in total gross loans, an impressive 63% growth in net income to $20.5 million, and a…
December 30, 2021
Banesco USA lands $237.5M investment to increase lending to minority communities
Banesco USA secured a major investment from the U.S. Department of the Treasury’s fund for community financial institutions. The Coral Gables-based bank will receive $237.5 million from the Emergency Capital…
November 22, 2021
Banesco USA tiene apetito de crecer en Puerto Rico
La compañía busca diversificar y ampliar la cartera de servicios en Puerto Rico, donde han identificado una oportunidad comercial por la reducción que ha experimentado el sector bancario en los…
October 18, 2021
Banesco USA Names Calixto (Cali) Garcia-Velez as New President and CEO
MIAMI, Oct. 14, 2021– Banesco USA’s Board of Directors (“Board”) announces that Mario Oliva will step down as President and Chief Executive Officer, effective October 12, 2021, to pursue new…
September 18, 2020
Proposed multifamily project Vista Verde at Sunrise secures a $45.8M syndicated construction loan led by two local lenders, ABANCA USA and Banesco USA
MIAMI. September 15, 2020 – Vista Verde at Sunrise, a 288-unit garden style luxury residential rental development located on a 15.15-acre site at 8894 NW 44th Street in Sunrise, Florida, developed by…
August 20, 2020
Banesco USA’s Positive First Semester Financial Results and Proactive Risk Management lead Fitch to Affirm its Ratings
MIAMI–(BUSINESS WIRE)–Despite the significant negative impact of the COVID-19 pandemic on businesses and households, Banesco USA reported strong 2020 first semester results including an 18% increase in total assets to…