MIAMI – August 13th, 2019 – Banesco USA announced that it has been ranked #5 in Growjo’s “100 Fastest Growing Companies in Miami”. The bank’s ranking is based on a series of high-growth indicators that include employee size, brand awareness, funding, acquisitions, hiring plans, new locations and additional trigger events that formulate and predict the company is growing at an increased rate and/or is poised to grow significantly over the next 3-6 months, according to Growjo.
“We are proud of the recognition and of the collective efforts of our entire team, which is without doubt our biggest asset,” said Jorge Salas, Banesco USA President and CEO.
Rankings on Growjo 10000 reports are based on a data point algorithm formulated to identify companies that are on a steadily increasing growth path, according Tom Blue, CEO of Growjo. “We are excited to share the achievements of the company rankings on our site because they represent the highest growing companies and those companies that are predictively poised for growth in the foreseeable future,” he said.
As further evidence of the company’s growth, the Coral Gables-based bank announced recently it has entered into an agreement to acquire Brickell Branch. Geographically, this is an entrée to the Brickell corridor which remains the epicenter of finance both here and across the region. The bank also reported 2018 increases in its total loans by 16 percent, total assets by 19 percent, and deposits by 20 percent as well as receiving a capital injection of $11 million from its shareholders to close the year.