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.

Banesco USA Surpasses $5 Billion in Total Assets, Reaching New Growth Milestone

Banesco USA Surpasses $5 Billion in Total Assets, Reaching New Growth Milestone

Signaling continued growth, the leading community bank grew its assets by nearly $1 billion in less than one year.

MIAMI, FL (August 19, 2025) – Banesco USA, an independent, Florida state-chartered bank with locations across South Florida and Puerto Rico, has officially surpassed $5 billion in total assets – a historic milestone that underscores its continued momentum and strategic growth. This achievement comes just one year after the bank celebrated reaching $4 billion in assets.

In its newly released financial results for the first half of 2025, Banesco reported net income of $28 million, along with 10% loan and 22% customer deposit growth. These results reflect Banesco’s steady performance and continued ability to deliver for its clients and communities in a competitive market.

“For Banesco USA, achieving this milestone is not just a reflection of our financial performance, but the deep trust that our clients have placed in us,” said Calixto (Cali) Garcia-Velez, President & CEO of Banesco USA. “Reaching $5 billion in assets was a goal we could achieve with the right focus, talent, and strategy – and we did it ahead of schedule. It’s a proud moment for our entire team and a strong validation of our community-centric banking model and unwavering commitment to delivering exceptional client service.”

The bank’s upward trajectory is fueled by strategic expansion and strong relationship banking. In early 2025, Banesco expanded in Broward County, supported by an experienced corporate banking team. It also recently relocated its full-service banking center in Hialeah to a new location, solidifying the bank’s presence in one of South Florida’s most dynamic commercial corridors. In Puerto Rico, the team experienced a significant growth in deposits reaching the important milestone of $1 billion in customer deposits on the island, solidifying its role as a trusted financial partner in the region.

Banesco also made major advancements in its product offerings, enhancing its value proposition with the rollout of specialized Treasury Management bundles designed for targeted market segments. The introduction of CDARS, a deposit insurance product, and a new treasury management solution in the form of Cash Vaults further reinforced Banesco’s commitment to providing innovative, client-focused solutions.

This growth is also supported by a robust loan diversification strategy, with commercial and industrial (C&I) loans playing a growing role in the portfolio alongside commercial real estate and residential real estate loans. Customer satisfaction has also continued to rise, a testament to the personalized client service the Banesco team provides, earning the trust and loyalty of its clients.

Looking ahead, Banesco USA remains focused on deepening client relationships, advancing operational efficiency and investing in high-impact services and solutions that meet the evolving needs of the communities the bank serves across South Florida and Puerto Rico.

For more information on Banesco USA’s banking products and services, visit www.BanescoUSA.com.

###

About Banesco USA
Banesco USA, founded in 2006 and headquartered in Miami, is an independent Florida state-chartered bank with $5.2 billion assets as of June 30, 2025, and operates six branches across South Florida and Puerto Rico. Additionally, it has Loan and Deposit Production Offices in Palm Beach and Broward counties. 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.

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.

Fraud on the Rise: Protect Yourself Banesco USA will never ask for your password, PIN, Social Security number, or full account numbers by email or text. Banesco USA will also never request a secure access code over the phone.

Ok

Cancel