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.
This episode is presented by Alkami.
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In this episode:
President and CEO
Banesco USA
