Banesco USA, a community bank with over $3.81 billion in assets as of Dec. 31, 2023, has announced the addition of Reynaldo R. Santana as the head of the Business and Professional (B&P) Division.
With a strong commitment to supporting South Florida’s evolving business ecosystem, Banesco’s B&P Division aims to redefine the traditional banking experience for businesses, providing tailored financial solutions for enterprises and entrepreneurs in the region.
With over two decades of experience in the banking sector, Santana brings a wealth of knowledge that undoubtedly will contribute to the continued success and growth of Banesco. He has an impressive track record of helping commercial and retail clients grow through business, consumer, and residential lending. In addition to lending, Santana’s focus includes Treasury Management revenue growth and core deposit growth.
“With the ongoing consolidation of banks, Banesco continues to invest and expand in the sectors where there is a gap in the market, reaffirming our commitment to providing clients with personalized service,” said Nelson Hidalgo, executive vice president, head of Corporate Banking of Banesco USA. “With a keen understanding of the unique needs and aspirations of businesses and entrepreneurs alike, the B&P team under the leadership of our newest addition, Reynaldo R. Santana, brings decades of experience and a commitment to offering all-encompassing banking solutions to the growing South Florida region’s diverse business community.”
Santana previously served as the senior vice president for First Horizon Bank. He also is a board member of Prospera USA, a nonprofit organization specialized in providing bilingual assistance to Hispanic entrepreneurs, becoming one of its key donors and active participants. He holds a Bachelor of Business Administration and Master of Business Administration from Florida International University.
The B&P Division focuses on developing new business for the bank, including generating loans, deposits, residential mortgages, and treasury management, and will target the region’s diverse business community, including locally grown companies such as distributors, wholesalers, and manufacturers; professional services clients like attorneys, physicians, dentists, and veterinarians; and entrepreneurs including business owners and real estate investors.
For more information on the bank’s products and services, visit BanescoUSA.com.
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