Banesco USA has achieved significant growth under the leadership of President and CEO Calixto 'Cali' Garcia-Velez, doubling in size since 2021 to surpass $5 billion in assets. This expansion underscores the bank's strategic focus on personalized financial solutions and its critical role in supporting the local economy through commercial financing. With over three decades of banking experience, Garcia-Velez has guided the institution to operate six offices in South Florida and Puerto Rico, along with a loan and deposit production office in Palm Beach, reinforcing its presence as a key community bank.
The bank distinguishes itself by offering tailored services beyond traditional banking, including business lines of credit, commercial mortgages, corporate accounts, and advanced digital and cash management tools. Its client base consists of real estate developers, professionals, investors, and established businesses, playing a fundamental role in financing commercial projects that generate employment and stimulate economic growth. This approach not only benefits clients but also contributes to regional development, highlighting the importance of community-focused financial institutions.
Banesco USA's commitment to innovation and customer experience is evident through its comprehensive digital banking offerings, such as mobile access, electronic payment platforms, and online banking, complemented by personalized in-person or virtual assistance. This customer-centric strategy ensures users have access to multiple channels and expert advice for financial strategies aligned with their goals. Garcia-Velez emphasized plans for organic growth through strengthened customer relationships, strategic branch openings, and continued technology investment, aiming to solidify the bank's position in South Florida.
The recognition by Negocios Magazine, the only Spanish-language business magazine in South Florida focused on entrepreneurs, highlights the broader implications of Banesco USA's success. Published in both print and digital formats, the magazine, created in 2013 by journalist Eduardo Hapke and attorney Karen Blanco, distributes content through its website at https://www.negociosmagazine.com and platforms like PressReader and https://issuu.com, underscoring the importance of business leadership and community impact in the region. This feature not only celebrates individual achievement but also emphasizes how localized banking institutions can drive economic resilience and innovation.
