• How a Latin American banking franchise is growing in South Florida

  • Oct 3 2024
  • Length: 18 mins
  • Podcast

How a Latin American banking franchise is growing in South Florida

  • Summary

  • Miami is often described as the northernmost city in Latin America, or sometimes as Latin America’s business capital. On the latest episode of the ABA Banking Journal Podcast — sponsored by Alkami — Banesco USA President and CEO Cali Garcia-Velez discusses how he and his team are growing a Latin American banking franchise in South Florida and Puerto Rico. Among other topics, Garcia-Velez discusses:

    • The origins of Banesco USA, which is an independent U.S.-chartered bank that is part of a franchise of other Banesco banks across the Americas.
    • Banesco USA’s growth plans in the turbocharged South Florida market, including its pivot into C&I lending and residential mortgages to balance its commercial real estate portfolio.
    • How Banesco USA’s loan growth was fueled by a capital award from the Treasury Department’s Emergency Capital Investment Program for minority depository institutions.
    • His own journey as a banker, which included turnaround assignments at troubled banks in Puerto Rico.
    Show More Show Less
activate_Holiday_promo_in_buybox_DT_T2

What listeners say about How a Latin American banking franchise is growing in South Florida

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.