4 Reasons to Bank with Banesco USA

By Banesco Team
Published on June 26, 2019

My Money

Get to know South Florida’s best community bank

There is certainly no shortage of banks in South Florida from which to choose. From the national megabanks to tiny credit unions, our area features plenty of a selection when it comes to financial institutions. However, there is one community bank that has recently been standing out among its peers and consistently winning over South Florida’s choosy and diverse customers, and that bank is Banesco USA.  

To answer why, here are four reasons to bank with Banesco USA:

1. More Than Local

 Banesco USA is local in a way that is different from other community banks. Headquartered in Coral Gables, Banesco has four branches in South Florida including Doral, Hialeah, Weston, and its newest branch coming soon to Aventura. In addition, for those in the community with business ties to Puerto Rico, there is also a branch on the island. And, this is one of the key things that makes Banesco different: Banesco USA is an independent offshoot of Banesco International, a worldwide group of financial institutions with a presence in 15 countries.

Banesco USA’s international roots reflect South Florida’s own makeup, creating an institution attuned to the needs of a diverse and increasingly international community.  This is of major importance to a great many residents. That’s because for years, many of South Florida’s personal and business bank customers have struggled with local and national banks that have failed to properly understand their realities.  

Families and entrepreneurs from different countries have often found it hard to get their local bankers to appreciate that they may, for example, have incomes and assets in other markets, or skills and experience from companies and institutions that may not immediately recognize, but that are nonetheless transferable and valuable in the marketplace.  Banesco understands this customer just as much as they understand the native and long-standing resident that calls them neighbors, customers, and business partners.

2. Financial Strength

 An FDIC insured and Florida chartered bank, Banesco USA has been on a roll, experiencing solid, steady growth and projecting a very positive outlook for the future. In fact, 2018 was a record year for the bank and is also notable for a major vote of confidence given to it by its stockholders.

In fact, for the year ending December 2018, the bank recorded growth in all of the major categories that one expects from a healthy and thriving bank, increasing loan totals by 16 percent, increasing assets to the tune of 19 percent and an increasing deposits by 20 percent. Top marks for any bank and especially for a local community bank in a competitive market like South Florida.

That performance and the success of its formula for winning over customers was rewarded by stockholders in January 2019 with a capital injection of nearly $12 million dollars. What formula, you ask?

3. Digital Convenience and Human Touch 

Let’s face it, not all banks get technology right and some even forget the importance of personal attention along the way. Not Banesco USA. The bank’s customers will tell you that Banesco USA is able to service clients with a wide range of personal and commercial needs, and strikes a great balance of digital innovation with a human touch.  This feedback is born out of countless satisfaction surveys and has the bank innovating at a rate uncommon for an organization of its size.

This is most evident in Banesco USA’s best-in-class online and mobile banking solutions, as well as in its practice of making real people readily available to customers. You see, the community bank succeeds where other banks often struggle to properly balance efficiency and real customer service. 

That’s because the bank’s approach to technology has not been about cost-cutting and pushing people to apps. Its mission has been for customers to recognize a tangible difference in Banesco USA – one that combines the personal touch of a strong local bank with the kind of convenience and time savings that today’s technologies do a great job of delivering.

4. A Great Bank for Small and Medium Businesses

Banesco USA also succeeds for local businesses where national banks often fall short, namely the SMB lending market. This is an area where the bank is particularly well-suited to compete with loans ranging from $2 million to $20 million – a sweet spot for South Florida, a market dominated by smaller businesses. 

Whether it’s businesses seeking commercial real estate mortgages, other commercial loans or SBA loans, Banesco has been proving itself as a leading and worthy contender to win their business. That’s because Banesco’s people understand the ins and out of expanding a business, the need for new equipment or simply improving cash flow, the bread and butter of banking.

There are a lot of banks in South Florida to be sure, but only one is making its mark in the way that Banesco USA is – by looking outside for innovation, but building products, services and customer experiences with our community squarely in mind.  

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If you’re interested in learning more about Banesco USA and our services, you can reach one of our experienced personal bankers by calling +1 (888) 228-1597, or by visiting one of our convenient branch locations.