The content you have selected is only available in English.

You can click "View in English" to view it in English or click "Return" to return to the previous page.

Thumbnails News Personas

Banesco USA Closes Out 2024 with Remarkable Financial Performance

The leading community bank grew its asset base by 16% in 2024, exceeding $4.4 billion at year-end

MIAMI, FL (February 25, 2025) – Banesco USA, an independent, Florida state-chartered bank with seven locations between South Florida and Puerto Rico, reports a solid financial performance with $4.4 billion in total assets and a net income of $43 million as of December 31, 2024. In 2024, the bank achieved a steady 15% loan growth and 21% deposit growth. The bank’s strategic expansion and robust financial strategies have positioned it for a strong start to the new year.

Banesco’s impressive growth trajectory is underpinned by a series of successful financial quarters and a multifaceted strategy, including significant deposit growth and expansion of client partnerships across its key lines of business including Commercial & Industrial (C&I), Business & Professional (B&P), Commercial Real Estate (CRE) and International. In 2024, the leading community bank also invested in its workforce with the addition of several industry veterans including Antonio Ponte as Treasurer, Reynaldo Santana, who leads the B&P division and Jose Morales as the bank’s new Chief Risk Officer.

“As Banesco continues to expand and strengthen its position in the market, we remain focused on innovation, customer satisfaction, and community engagement, positioning ourselves as the disruptor in the banking sector of South Florida and Puerto Rico,” said Calixto (Cali) Garcia-Velez, President & CEO of Banesco USA. “We have made significant investments involving talent acquisition, enhancement of products and services that will continue strengthening our key lines of business to meet the evolving needs of our clientele.”

Additionally, Banesco continues to exercise its dedication to small- and mid-size businesses and minority-owned enterprises throughout South Florida and Puerto Rico thanks to the $250 million investment from the U.S. Treasury Department’s Emergency Capital Investment Program (ECIP). Through ECIP, Banesco has originated more than 610 ECIP qualified and deep impact loans valued at approximately $2 billion as of December 2024. This influx of capital has stimulated job creation, infrastructure development and overall economic vitality, significantly boosting minority-owned enterprises and small to medium-sized businesses in South Florida and Puerto Rico.

For more information on the bank’s products and services, please visit BanescoUSA.com.

###

About Banesco USA
Banesco USA, founded in 2006 and headquartered in Miami, is an independent Florida state-chartered bank with $4.4 billion in assets as of December 31, 2024, and operates six branches across South Florida and Puerto Rico. Additionally, it has aa Loan and Deposit Production Office in Palm Beach County, with a forthcoming location in Broward County. Banesco USA is proud to serve the commercial real estate sector, small and middle-market businesses, as well as professionals who work in the community. The bank services domestic and international clients and operating companies with a suite of products and services delivered with personalized attention to support their financial journeys. For more information, please visit banescousa.com.

Media Contact:
Schwartz Media Strategies
Yudi Fernandez Kim, (305) 725-8262, yudi@schwartz-media.com
Ivanna Agudo, (305) 450-1445, ivanna@schwartz-media.com
Victoria Cela, (786) 514-9250, victoria@schwartz-media.com
Annemarie Suarez, (786) 416.1783, annemarie@schwartz-media.com

The information provided by Banesco USA ("we," "us," or "our'') is for general informational purposes only and is not intended as legal, tax, investment, financial or other advice or a substitute for professional advice. The information is general in nature and does not address the circumstances of any particular individual or entity, and is not comprehensive or a complete statement of the matters discussed herein. All information contained herein is provided in good faith, however, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information provided herein. The information provided may contain information from third parties or other sources. We do not warrant, endorse, guarantee, or assume responsibility for the accuracy or reliability of any information offered by third parties. Under no circumstances shall we have any liability to you for any loss or damages of any kind incurred as a result of the use of or reliance on any information provided herein. Your use and reliance on any information provided herein is solely at your own risk.
call email

Alert

You are leaving the Banesco USA website and will be redirected to a website operated by a third-party company, which has different policies (e.g., privacy and security). Apart from the materials posted by us, we are not responsible for the content on the third party's website.

Ok

Cancel