The bank achieved 17% asset growth, 18% loan growth and 27% deposit growth. #NewsismyBusiness
Banesco USA named Maritza Abadía as the island’s only woman president of a local bank. #NewsismyBusiness
The bank’s loan growth was driven largely by its commercial banking clients throughout the communities it serves in South Florida and Puerto Rico. #NewsismyBusiness
Maritza’s Car Rental will acquire the property located at 358 Antonio Mellado St. in Isabel II. #NewsismyBusiness
The organizations that benefited include Corporación para el Financiamiento Empresarial del Comercio y las Comunidades (COFECC), Asesores Financieros Comunitarios, Mujer Emprende Latina and Eco Recursos Comunitarios. #NewsismyBusiness
The financial support also covers refinancing the existing debt of the hospital and the parking structure within the Bayamón Medical Center complex. #NewsismyBusiness
The bank, which has had local presence for 30 years serving the commercial sector exclusively, will likely open two branches in Ponce and somewhere between Mayagüez and Aguadilla.
Banesco USA received a capital injection from the U.S. Treasury.
Banesco USA announced has been approved to participate in the U.S. Department of the Treasury’s Emergency Capital Investment Program (ECIP), for which it is eligible to receive an investment of up to $237.5 million. With the funds it will be able to increase lending to small and minority-owned businesses, and low- and moderate-income consumers in […]
Banco Cooperativo de Puerto Rico, Banesco and the Federal Home Loan Bank of New York have joined the Puerto Rico Bankers Association, joining commercial banks Banco Popular de Puerto Rico, Citi and Firstbank, which are already part of the trade group. “For the Puerto Rico Bankers Association, it’s a great to be able to count […]
This week’s edition of Climbing the Corporate Ladder includes professional appointments in the areas of hospitality, education, and banking, among others. Wyndham Palmas Golf and Beach Resort builds on exec. teamHospitality investment firm LionGrove and Andro Nodarse-León, the company’s CEO, announced new appointments at their recently acquired property, Wyndham Palmas Beach and Golf Resort in […]
Maritza Abadía, an experienced Puerto Rican banker, has been appointed country manager for Banesco USA’s Puerto Rico operations, Banesco USA President Rafael Saldaña announced.
Florida-based Banesco USA is expanding its presence in that southern U.S. market through the acquisition of all of the deposits of Security Bank, National Association, through a Federal Deposit Insurance Corporation-assisted transaction.
Ten months after South Florida-based BBU Bank acquired and merged Banesco International Bank Corp. into its mainland U.S. domestic banking operations, it will be changing its name to Banesco USA, the banking institution’s CEO Rafael "Rafo" Saldaña said.
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