Banesco USA Announces Newest Board Member

Attorney Patricia Hernandez Joins Local Bank’s Distinguished Group of Directors

MIAMI--(BUSINESS WIRE)-- Banesco USA announces the appointment of Patricia Hernandez as a member to its Board of Directors.

A founding partner of Miami based law firm ARHMF, Patricia Hernandez focuses on corporate and financial services, particularly in counseling businesses, including banks and financial services companies, in varied legal issues. Hernandez has extensive experience in representing domestic and international financial institutions and other financial businesses in all aspects of regulatory, compliance, lending, mergers and acquisitions, and other transactional matters, making her a valued addition to the Bank’s Board of Directors.

“Patricia embodies the spirit of Miami and brings talent, expertise and energy to the table. We are very fortunate to have her by our side as we work to grow Banesco USA across South Florida,” said Jorge Salas, President and CEO of Banesco USA.

Through her years of law practice, Patricia has achieved knowledge in lending transactions, including asset-backed, trade-finance, factoring and Ex-Im Bank financing. She also has extensive practice in counseling U.S. and foreign clients on the effects of Regulations of the Office of Foreign Assets Control (OFAC) regarding Cuba and other embargoed markets. Additionally, for the last three years, Patricia has served as General Counsel to the Florida International Bankers Association. She also serves on the Banking Law Advisory Panel for the ALI-CLE of the American Law Institute, as well as a Board Member of the South Florida Banking Institute.

A graduate of the University of Miami School of Law, Patricia personifies the community, bringing both years of experience and her personal touch to the Banesco USA team.

Hernandez joins a distinguished group of directors that includes, Carlos Palomares (Chairman of the Board), Miguel Angel Marcano, Mario Oliva, Juan Carlos Escotet Alviarez, Seno Bril, Francisco J. Paredes and Jorge Salas.

About Banesco USA

Founded in 2005 and based in Coral Gables, Banesco USA is an independent Florida state-chartered bank (https://banescousa.com/OFR-Cert-of-Good-Standing.pdf) with $1.22 billion in assets as of June 30, 2018. Banesco USA is completely independent of Banesco in other countries and its deposits are insured by the FDIC. The bank has four branches in South Florida: Coral Gables, Doral, Hialeah and Weston; and one in San Juan, Puerto Rico. It plans to open a branch in Aventura, FL in first quarter of 2019. Banesco USA has a 5-star rating from the Bauer Financial rating service and a BB- Fitch Rating. Visit www.BanescoUSA.com for information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181105005685/en/

Pinta for Banesco USA
Elise Rodriguez, 305-615-1111 Ext. 204
[email protected]

Source: Banesco USA

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