Banesco Usa Approved To Receive $237.5 Million Investment From The U.S. Treasury'S Emergency Capital Investment Program
Banesco Usa Approved To Receive $237.5 Million Investment From The U.S. Treasury'S Emergency Capital Investment Program
12/15/21, 5:00 PM
Location
miamiMoney raised
$238 million
Banesco USA announces it is an approved participant in the U.S. Department of the Treasury's Emergency Capital Investment Program (ECIP). Banesco USA is eligible to receive an ECIP investment in an amount up to $237.5 million, which will enable the bank to increase lending and further provide a positive financial impact to the small and minority-owned businesses, and low- and moderate-income (LMI) consumers in the communities it serves in South Florida and Puerto Rico. This support will go far to directly benefit populations which have been disproportionately impacted by the COVID-19 pandemic.
Company Info
Location
miami, florida, united states
Additional Info
Founded in 2006 and based in Coral Gables, Banesco USA is an independent Florida state-chartered bank (https://banescousa.com/OFR-Cert-of-Good-Standing.pdf) with $2.0 billion in assets as of Sept. 30, 2021. The bank has four branches in South Florida: Coral Gables, Hialeah, Aventura, and Brickell; and one in San Juan, Puerto Rico. A location in the Doral area is coming soon. Visit www.BanescoUSA.com for additional information.