

News Releases

December 21, 2022
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…

December 12, 2022
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,…

November 16, 2022
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…

November 14, 2022
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…

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…