Intercredit Bank, NA

What Intercredit Bank, NA does

Intercredit Bank, N.A. is a privately held, OCC-chartered and FDIC-insured National Association bank founded in 1992 and headquartered in Miami, Florida. It operates five physical branches across Miami-Dade County (including a dedicated International Division in Coral Gables) and serves retail consumers, small and mid-size businesses, and international/expatriate customers with checking, savings, CDs and IRAs, residential and commercial mortgages, SBA 504 loans, corporate and structured financing, letters of credit, and trade finance backed by US Export-Import Bank programs. The bank's revenue model rests on net interest income from lending activities, deposit account fees and service charges, and transaction-based fees from international trade finance and foreign exchange wire transfers, with customer segments spanning personal banking (including senior and FLUTMA minor accounts), SMB and corporate banking, and premium international accounts requiring minimum balances of $10,000-$50,000.

Since June 2020, Intercredit has been owned by Dr. Fidel Egas Grijalva, majority owner of Ecuador-based Banco Pichincha Holding Group, providing cross-border banking relationships across Latin America and Spain, though Intercredit is separately managed and regulated. In August 2024 the bank launched Pibank USA as a digital-first, branchless and cashless direct banking brand offering high-yield savings and online account management, which has since accumulated over $2 billion in assets. The bank has announced a strategic transition to unify all operations under the Pibank digital model by summer 2026 pending OCC approval.

Core technology comprises a Q2-powered online and mobile banking platform (iOS and Android), secured by 128-bit SSL encryption, VeriSign Digital ID server authentication, router/firewall/IDS/IPS traffic filtering, and a three-strike login lockout mechanism. Distribution combines physical branches, the Publix Presto! ATM network (900+ surcharge-free ATMs across five southeastern US states), bilingual English/Spanish digital channels, and a mobile app supporting P2P payments, mobile deposit, bill pay, wire transfers, ACH, and eStatements. Leadership is headed by CEO Francesc Noguera (effective January 2026) and Chairman Simon Cruz, with a board of directors that includes digital banking and Latin American financial expertise.

Name

Intercredit Bank, NA

Legal name

Intercredit Bank, N.A.

Website

https://intercreditbank.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

101–250 employees

Short description

Intercredit Bank, N.A. is an OCC-chartered, FDIC-insured community bank in Miami offering retail, SMB, and international banking across five branches in Miami-Dade County and the digital-first Pibank brand.

Ownership category

akta.pro rank

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Interest income generated from lending activities including residential mortgages, commercial real estate loans, commercial term loans, construction loans, SBA 504 loans, corporate and structured financing, and credit cards extended to both personal and business customers.
2. Deposit Account Fees and Service Charges: Monthly maintenance fees on checking and savings accounts (e.g., $7 personal checking, $50 international business accounts) when minimum balance requirements are not met; also activity fees such as $0.25 per transaction above the free tier threshold on business checking.
3. International Trade Finance Services: Fees and interest income from international banking services including letters of credit, trade finance programs (Export-Import Bank backed facilities), foreign exchange wire transfers, and correspondent banking services.
4. Digital Banking Services (Pibank): Revenue from the Pibank digital banking brand offering online savings products and digital account management, positioned as a high-yield savings platform.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Intercredit Bank, NA is a full-service community bank offering retail, commercial, and international banking products and services. Its core offerings span personal and business checking, savings, certificates of deposit, IRAs, residential and commercial mortgage lending, SBA 504 financing, credit cards, trade finance, letters of credit, and foreign exchange wire transfers, distributed through five branches in Miami-Dade County and the Pibank digital banking brand.

Product overview

Intercredit Bank, NA is a full-service community bank offering a unified platform of retail and corporate banking products. The core banking services span personal and business checking, savings, CDs, and IRAs, complemented by residential and commercial lending. A key sub-brand is Pibank (launched August 2024), a digital-first banking platform offering online savings and checking with personalized support. The digital banking suite includes online banking, mobile banking app, bill pay, P2P payments, wire transfers, ACH, mobile deposit, and eStatements. International banking services form a distinct vertical with Premium, Personal, and Business accounts, plus international loans and Letters of Credit for trade. All services are integrated under the same FDIC-insured, OCC-regulated national association, with the bank transitioning toward a fully digital model under Pibank pending OCC approval.

Differentiator

Problem solved

Functional benefit

Brands

• Pibank: Digital-first branchless and cashless banking brand of Intercredit Bank, launched in the United States in 2024. Offers competitive high-yield savings products with online account management and personalized customer support. Expected to unify all operations under its name pending OCC approval.

Products and services

• Pibank Digital Banking Digital-first, branchless, cashless banking brand of Intercredit Bank offering high-yield savings and checking accounts that can be opened and managed exclusively online with personalized customer support.
• Personal Checking Accounts Personal checking account options including Regular Checking, Senior Checking (for customers aged 55 and over with no minimum balance and no monthly fee), and Personal Money Market accounts with various balance requirements and fee structures.
• Personal Savings Accounts Savings products for individuals including Personal Savings, Senior Savings (no minimum, no monthly fee for ages 55+), and Minor Savings (FLUTMA) accounts earning interest on balances.
• Certificates of Deposit and IRAs Fixed-term Certificates of Deposit with terms from 3 months to 5 years (minimum $2,500 opening deposit) plus Traditional IRA and Roth IRA accounts with FDIC insurance and tax-advantaged growth.
• Residential Mortgage Loans Residential mortgage loans for purchasing or refinancing single-family homes, vacation homes, condominiums, townhouses, and one-to-four family investment properties.
• Personal and Business Credit Cards Visa credit cards connected to personal and business checking accounts for immediate fund access, accepted wherever Visa is accepted; statements managed through MyCardStatement.com.
• Business Checking Accounts Business checking options including Business Checking ($1,000 minimum to open), Small Business Checking ($500 minimum to open), and Business Money Market accounts with tiered fee structures and transaction limits.
• Business Savings Accounts Commercial savings accounts earning competitive interest rates with $1,500 minimum opening deposit and $12 monthly maintenance fee waivable with minimum daily balance.
• Business Certificates of Deposit Business CDs with terms from 3 months to 5 years, competitive interest rates, and a $2,500 minimum opening deposit, FDIC insured.
• Commercial Lending and SBA 504 Financing Commercial lending products including Commercial Real Estate loans, Commercial Term Loans (1-5 year terms), Construction Loans, Corporate and Structured Financing, and SBA 504 Real Estate loans for small businesses with only 10% down payment.
• International Personal Banking Accounts International personal banking with checking, savings, and money market accounts requiring $10,000-$25,000 minimum deposits, with surcharge-free Presto! ATM transactions and international customer support.
• International Business Banking Accounts International business banking with checking, money market, and savings accounts requiring $50,000 minimum opening deposits, online banking, bill pay, mobile banking, eStatements, and unlimited check writing.
• International Premium Banking Premium international banking services offering personalized attention from experienced professionals and tailored financial solutions for high-net-worth international customers.
• Letters of Credit and Trade Finance International trade services including Commercial Letters of Credit, Stand-By Letters of Credit, and foreign collections, with Export-Import Bank backed trade finance programs offering export credit insurance, pre-export and post-export financing for Latin American exporters.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Publix / Presto! ATM NetworkcoreChannel Partner/ Reseller/ DistributorIntercredit Bank has partnered with Publix's Presto! Network to provide surcharge-free ATM access to its customers at over 900 ATMs across Florida, Georgia, Alabama, South Carolina, and Tennessee. All Intercredit Bank debit cards are accepted without surcharge at Presto! locations, expanding the bank's ATM footprint without building its own infrastructure.
• Export-Import Bank of the United States (Ex-Im Bank)coreOthersIntercredit Bank is an approved lender of the Export-Import Bank of the United States (Ex-Im Bank), enabling the bank to offer export credit insurance, pre-export and post-export financing, and short- and medium-term credit facilities to Latin American exporters. This designation allows the bank to provide specialized trade finance products backed by the US government.
• Private Insurance Companies (Trade Finance)minorOthersThe bank also partners with private insurance companies to offer export programs alongside Ex-Im Bank facilities, providing additional risk mitigation options for international trade finance customers.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

• Xtwitter.com/intercreditbank
• Facebookfacebook.com/IntercreditBank
• LinkedInlinkedin.com/company/intercredit-bank-na
• Instagraminstagram.com/intercreditbankflorida

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Intercredit Bank, NA