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Home > ABA Banking Journal Podcast > How a Latin American banking franchise is growing in South Florida
Podcast: ABA Banking Journal Podcast
Episode:

How a Latin American banking franchise is growing in South Florida
Category: Business
Duration: 00:19:07
Publish Date: 2024-10-03 21:09:00
Description:

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 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.
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