Banesco Usa Approved To Receive $237.5 Million Investment From The U.S. Treasury'S Emergency Capital Investment Program

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.