Banesco USA is significantly expanding its footprint in Broward County by establishing a dedicated corporate banking team. This strategic move aims to better serve the region’s growing business community and deepen client relationships. The bank has also opened a new loan and deposit production office in Plantation, with plans for a full-service branch later this year.
Key Takeaways
- Banesco USA has hired a four-person corporate banking team to lead its expansion in Broward County.
- The new team is headed by Senior Vice President Joshua Montagna.
- The bank has opened a new office in Plantation and plans a full-service branch.
- This expansion aligns with Banesco USA’s strategic growth plan for South Florida.
Broward Market Expansion
Banesco USA, a Florida state-chartered bank with over $4.4 billion in assets, has appointed a new team of four experienced banking professionals to spearhead its expansion into Broward County. This initiative is designed to cater to the increasing needs of the local business sector.
Leadership and Team Expertise
The newly formed Broward banking team will be led by Senior Vice President Joshua Montagna, who will also serve as the Broward Market Executive. He is joined by Senior Vice Presidents Kimberly Cagiano and Matthew Kronfeld, both specializing in corporate banking, and Livan Ruiz as Customer Relationship Officer.
Calixto (Cali) Garcia-Velez, President & CEO of Banesco USA, expressed enthusiasm for the expansion, stating, "Given Banesco’s very successful history with clients who have business interests in the Broward market, expanding our presence with the addition of a Broward based team was the natural next step." He highlighted the team’s extensive experience as crucial for cultivating deeper client relationships and broadening banking services.
Experienced Professionals
The new team brings a wealth of experience to Banesco USA:
- Joshua Montagna: With nearly 20 years in financial services, Montagna will focus on corporate and commercial banking in Broward. He holds an MBA in Finance from Nova Southeastern University and serves on NSU’s Ambassadors Board.
- Kimberly Cagiano: Bringing over 30 years of banking experience, Cagiano will offer strategic financial solutions to private sector businesses. She is actively involved in the community, serving on the boards of ARC Broward and Junior Achievement.
- Matthew Kronfeld: Kronfeld, with 18 years of experience in the Tri-County area, will focus on developing new corporate and commercial client relationships in Broward. He earned a finance degree from the University of Florida and sits on the board of the Boys & Girls Club of Broward County.
- Livan Ruiz: As Customer Relationship Officer, Ruiz will focus on building and maintaining client relationships and ensuring their financing needs are met.
Strategic Growth and Services
This expansion into Broward County follows Banesco USA’s successful entry into the Palm Beach market in 2023, underscoring the bank’s commitment to servicing the diverse business community across South Florida. Banesco USA offers customized banking solutions for commercial real estate, commercial and industrial businesses, and professional clients, supporting both domestic and international clients.
Sources
- Banesco USA Adds New Corporate Banking Team to Lead Expansion into the Broward Market, Miami’s Community News.