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News Releases

Banesco USA Funds Loans for KidneySPA

Premier Dialysis Provider to Receive Funds for Continued Growth Miami, FL (Tuesday, December 20, 2022) — Banesco USA has provided funding for three loans to the specialty renal health company…

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Banesco USA and ABANCA USA Announce $28.6 Million Loan to Parmenter Realty Partners for Tampa’s Rocky Pointe Centre

Miami, FL (Wednesday, November 30, 2022) — Banesco USA has partnered with ABANCA USA to close on a $28.6 million loan to Parmenter Realty Partners to refinance Rocky Point Centre,…

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Calixto García-Vélez receives Banker of the Year Award from the Puerto Rico Builders Association

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…

Banesco USA Hires Joshua Mendez as Vice President – Business & Professional Banking

Coral Gables, FL (Monday, November 14, 2022) — Banesco USA announces the appointment of Joshua Mendez as Vice President – Business & Professional Banking. The banking industry executive brings more…

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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…

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,…

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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…

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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…

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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…

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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…

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