Community banking

Banesco in Florida Gets $10M Capital Infusion

By Chris Cumming November 04, 2013, 10:37 a.m. EST 1 Min Read

Community banking

Banesco in Fla. Names Interim CEO

Banesco USA in Coral Gables, Fla., has named an interim president and chief executive to replace Rafael Saldaña, who left Friday.

By Chris Cumming

August 27
Community banking

Anti-Laundering Lapses Behind Banesco Chief's Ouster: Report

The recent leadership shuffle at Banesco USA may have resulted from problems in its compliance with the Bank Secrecy Act, according to a report in the South Florida Business Journal.

By Sarah Todd

September 4

Banesco USA in Coral Gables, Fla., reportedly received a $10 million investment from its shareholders during the third quarter.

The $806 million-asset company's largest shareholders are Juan Carlos Escotet, Xavier Lujan and Ricardo Ayala, who also the largest investors in Venezuela's Banesco Banco Universal, according to the South Florida Business Journal. Banesco also received $7 million from its investors during the second quarter, the report said. The bank did not immediately respond to calls seeking comment.

The capital injection came in the same quarter that Banesco ousted former chief executive, Rafael Saldaña, over anti-money laundering compliance issues. The bank named Banesco director and former BNP Paribas executive Seno Bril to serve as interim CEO.

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