BanescoUSA
- Company typePrivate
- Founded2006
- HeadquartersCoral Gables, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
BanescoUSA firmographics
Firmographics- Name
- BanescoUSA
- Legal name
- Banesco USA
- Website
- https://banescousa.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
BanescoUSA industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industries
- SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
Keywords
Where BanescoUSA is headquartered
LocationHeadquarters
- HQ city
- Coral Gables
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
BanescoUSA business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Net Interest Income: Interest earned on loan portfolio (commercial real estate, commercial term loans, lines of credit, commercial mortgages, equipment loans, SBA loans, residential loans) and interest paid on deposit accounts (checking, savings, money market, CDs). Primary revenue driver.
- Non-Interest Income: Fee income from account maintenance, wire transfers, ACH services, merchant services, foreign exchange transactions, and other banking services.
- International Transaction Fees: 3% fee on international transactions. Revenue from wire transfers: $30 domestic and $40 international via online banking, higher for in-person.
- Referral Program Revenue: Referral bonuses earned by existing customers for referring new qualifying accounts, up to $500 per calendar year.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Standard Personal and Business Debit Card |
| Subscription | Monthly | BanescoSelect Premium Banking |
| Transaction based/ take rate | Pay-as-you-go | Wire Transfer Fees |
| Transaction based/ take rate | Pay-as-you-go | International Transaction Fee |
| Other | Pay-as-you-go | Early CD Withdrawal Penalties |
| Other | Annual | Refer a Friend Program |
Go-to-market motion3 records
Distribution channels8 records
Marketing channels7 records
BanescoUSA product offering
Product offeringCore offering
Banesco USA is a Florida-chartered community bank providing deposit accounts (checking, savings, money market, certificates of deposit), residential mortgages, and a full suite of commercial lending products (term loans, lines of credit, commercial mortgages, equipment loans, SBA loans, and ECIP minority-business loans). It distributes these services through physical branches in South Florida and Puerto Rico, dedicated relationship managers, and proprietary digital banking channels (BanescOnline, BanescoMobile, BanescoVoice), with specialized offerings including BanescoSelect premium banking and international banking.
Product overview
Banesco USA is a Florida-chartered community bank offering a multi-channel banking platform centered on digital self-service (BanescOnline and BanescoMobile), a Visa debit card with Card Controls, and a full suite of deposit and lending products for personal, business, and professional customers. The portfolio includes checking and savings accounts, CDs, residential loans, commercial loans (term, line of credit, mortgage, equipment), SBA loans, ECIP minority-business lending, and Treasury Management services. Premium service is provided through BanescoSelect, a curated relationship-banking sub-brand. International banking, professional-segment banking (dentists, doctors, attorneys, accountants), and specialty CRE banking are offered as distinct service lines. Built-in integrations with Zelle, Apple Pay, Google Pay, Visa Secure, Allpoint ATMs, and FICO Score access round out the product ecosystem.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Banking Deposits and Accounts
Quantifiable outcome
- 38% increase in net income year-over-year in Q1 2026
- +7 more outcomes
Companies that use BanescoUSA
Customer profileNamed customers6 records
Segments7 records
Ideal customer profiles4 records
BanescoUSA technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature7 records
BanescoUSA partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- United Way MiamicoreBanesco USA is a principal partner of United Way Miami, working to build strong and resilient communities. Support includes financial sponsorships, volunteering, and active board participation including the United Way Women's Leadership Council.
- Junior Achievement of Greater MiamicorePartnership focused on providing students from diverse socioeconomic backgrounds with comprehensive financial education, developing critical problem-solving skills and informed decision-making capabilities in business, economics, and personal finance.
- Habitat for Humanity of Greater MiamiminorBanesco USA supports Habitat for Humanity of Greater Miami through financial sponsorships and volunteering. An employee serves as Chair of the Women's Building Up Women Leadership Council, and the bank participates in the fundraiser host committee.
- Community Foundation of Puerto RicominorFirst foundation of its kind in Puerto Rico and the Caribbean, promoting sustainable access to clean water, renewable energy, housing, community economic development, and education. Partnership supports Puerto Rico communities in achieving social and economic transformation.
- Cristo Rey Corporate Training ProgramminorBanesco USA partners with Cristo Rey Work Study Program (CWSP) hosting student workers as entry-level employees, providing real-world professional experience in banking while helping students fund their education.
- Casa FamiliaminorNonprofit creating sustainable, enriched, and accessible housing communities for adults with intellectual and developmental disabilities. Banesco USA helped establish the Casa Familia Bankers Alliance, a pioneering collaborative effort between banks.
- I Have A Dream FoundationminorFoundation dedicated to ensuring equal educational opportunities for children from disadvantaged communities. Banesco USA actively contributes as a valued member of the Board of Directors.
- Banesco InternationalcoreBanesco USA is one of four independent financial groups operating under the Banesco International brand, founded in 1996. Banesco International has presence in 6 countries including Venezuela, Dominican Republic, Panama, Curacao, Puerto Rico, and the USA. Annual reports are shared across the group.
Scale indicators16 records
Recent moves6 records
Expansion highlights6 records
BanescoUSA competitors and assessment
Company assessmentDirect peers
- City National Bank of Florida: Florida-based community bank serving businesses and consumers with commercial lending, treasury management, and personal banking products. Comparable in asset size, geography, and SME/commercial focus to Banesco USA.
- Ocean Bank: Miami-based community bank with deep roots in the Hispanic community, offering personal, business, and international banking services. Directly comparable to Banesco USA in market (South Florida), customer segment (Hispanic/Latin), and product mix.
- Amerant Bank: Florida-headquartered community bank serving the Hispanic/Latin American market with personal, business, and commercial banking products. Directly comparable in customer base, Florida geography, and cultural positioning to Banesco USA.
- BAC Florida Bank: Florida-based bank owned by Central American BAC Credomatic network, serving international and Hispanic clients with personal and commercial banking. Closely comparable to Banesco USA's international banking franchise and Hispanic market focus.
- FirstBank Puerto Rico: Puerto Rico's second-largest bank with full-service personal and commercial banking including SBA lending. Direct competitor to Banesco USA in the Puerto Rico market, with overlapping CRE, business banking, and consumer product offerings.
Broad incumbents
- Popular, Inc. Largest financial institution in Puerto Rico with operations in the U.S. mainland, offering full retail, commercial, and wealth management services. Competes broadly with Banesco USA in PR and Florida but at substantially greater scale and product breadth.
- BankUnited: Large regional bank headquartered in Miami Lakes, FL with personal, business, and commercial real estate lending. Competes with Banesco USA across Florida but with substantially larger asset base, broader product suite, and stronger brand recognition.
- Santander US: U.S. subsidiary of Spanish banking giant serving retail, commercial, and wealth customers, with a strong Hispanic market focus in the Northeast and select markets. Comparable to Banesco USA in cross-border and Hispanic positioning, though at much greater scale.
Regional players
- Valley National Bank: Super-community bank serving the Northeast and select Southeast markets including Florida, with personal, business, and CRE lending. Comparable asset tier to Banesco USA but operates in different primary geography.
Emerging players
- Novo (Novo Platform Inc.): Digital-first small business banking platform targeting SMBs with checking, payments, and treasury tools. Emerging competitive threat to Banesco USA's business banking franchise, particularly among digitally native Hispanic-owned small businesses.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
BanescoUSA social profiles
Digital presenceBanescoUSA compliance and trust
Trust signalCompliance6 records
BanescoUSA financial estimates
Financial estimateRevenue estimate
Valuation estimate
BanescoUSA leadership team
Management profileNumber of profiles
Profiles13 records
BanescoUSA funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BanescoUSA M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BanescoUSA
What does BanescoUSA do?
Banesco USA is a Florida-chartered community bank providing deposit accounts (checking, savings, money market, certificates of deposit), residential mortgages, and a full suite of commercial lending products (term loans, lines of credit, commercial mortgages, equipment loans, SBA loans, and ECIP minority-business loans). It distributes these services through physical branches in South Florida and Puerto Rico, dedicated relationship managers, and proprietary digital banking channels (BanescOnline, BanescoMobile, BanescoVoice), with specialized offerings including BanescoSelect premium banking and international banking.
Is BanescoUSA a public or private company?
BanescoUSA is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was BanescoUSA founded?
BanescoUSA was founded in 2006. It employs 251 to 500 people.
Where is BanescoUSA based?
BanescoUSA is headquartered in Coral Gables, United States, in the North America region.
How does BanescoUSA make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are non-Interest Income, international Transaction Fees and referral Program Revenue.
Who are BanescoUSA's main competitors?
Direct peers on record are City National Bank of Florida, Ocean Bank, Amerant Bank, BAC Florida Bank and FirstBank Puerto Rico. Broad incumbents are Popular, Inc., BankUnited and Santander US. Valley National Bank is listed as a regional player. Novo (Novo Platform Inc.) is listed as an emerging player.
Does BanescoUSA have an API?
No public API is recorded for BanescoUSA.
What industry is BanescoUSA in?
BanescoUSA's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABABAB, SME Business Lending (Term Loans, Lines of Credit, Overdrafts). Its NAICS code is 52211 and its SIC code is 6022.