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News Releases
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…
October 18, 2021
Banesco USA Names Calixto (Cali) Garcia-Velez as New President and CEO
MIAMI, Oct. 14, 2021– Banesco USA’s Board of Directors (“Board”) announces that Mario Oliva will step down as President and Chief Executive Officer, effective October 12, 2021, to pursue new…
August 20, 2020
Banesco USA’s Positive First Semester Financial Results and Proactive Risk Management lead Fitch to Affirm its Ratings
MIAMI-Despite the significant negative impact of the COVID-19 pandemic on businesses and households, Banesco USA reported strong 2020 first semester results including an 18% increase in total assets to $2.02…