The “Sunshine State” has so much to offer visitors and residents besides abundant sunshine, warm weather and beautiful coastlines.
South Florida remains a popular destination for celebrity watchers, great restaurants and nightlife and the Florida Keys are the perfect tropical getaway. If you are planning to visit South Florida beaches, make sure you are aware of what the flags mean.
You might not want to jump in the water when it’s infested with jellyfish, when there is a high surf or when currents are so strong that not even a professional swimmer could overcome them.
South Florida’s beaches use a uniform flag warning system to alert the public of potential safety risks. The flags are color-coded rather than printed with written messages. This is due, in part, to many tourists and locals that are not fluent in English, and also because colors can be easily seen from a distance when words cannot.
According to the local government, the flag color meanings are as follows:
Red flags with a “no swimming” symbol indicate that the water is closed to the public. This includes swimming, boating, surfing, fishing, and wading.
Red flags without a symbol indicate a high hazard from surf and/or currents. While not recommended, swimming and surfing are still permitted if there is a red flag present. However, you should use extreme caution and only go in the water if you are a very strong swimmer.
Yellow flags indicate a medium hazard from moderate surf and/or currents; strong swimmers can still dive in with fairly mild risks.
Green flags indicate a low hazard with calm conditions, but beachgoers should still exercise caution, especially when children are present.
Blue or purple flags indicate a hazard from dangerous marine life, such as a high concentration of poisonous jellies, stingrays, or sharks. These flags are used in conjunction with a red, yellow, or green flag that indicates the current surf/current conditions.
Now that you know what the flag warning system means, go and enjoy South Florida Beaches.
According to the Miami Herald these are the best South Florida beaches in Miami-Dade, Broward and The Florida Keys.
SUNNY ISLES BEACH/GOLDEN BEACH
Where: On A1A from 163rd Street to the Broward County line
Crowd: Local residents and families.
Details: William Lane’s new exuberant, Deco-styled pavilion at 163rd Street revisists Sunny Isles Beach’s 1950s-futurism, even though the kitschy area motels are rapidly falling victim to condo creep. Few amenities here, but the beach is fine, and only locals know about it. As for Golden Beach, forget it. That’s for residents only.
HAULOVER PARK BEACH
Where: On A1A around 10800 Collins Avenue
Crowd: Families, nudists
Details: This long, sloping beach would be rather unremarkable save for one thing: The northernmost section is clothing optional. Otherwise, it’s a somewhat run-down and rugged beach that could use a little refurbishing. Other than serving as Miami-Dade’s only legal haven for nudists, Haulover offers the usual amenities: picnic area, showers, lifeguards and concession stands.
Where: From 87th Terrace to 96th streets
Crowd: Somewhat older residents.
Details: A wholly unpretentious area with a walking path, dunes and no clutter.
NORTH SHORE OPEN SPACE PARK
Where: On A1A and 72nd Street in Miami Beach
Crowd: Nature lovers
Details: Find long stretches of sand, picnic areas, better than average restrooms, showers and lifeguards. A good nature-lover’s spot, as well, with areas of sea grapes, dunes and decent sand. An often overlooked, but charming gem among Miami-Dade beaches.
MIAMI BEACH, MID-BEACH
Where: Between 22nd and 46th streets behind the hotels.
Details: The appearance of luxury hotels – Faena, Soho Beach House and Edition, among others – has transformed this beach, which once had a distinct lack of ambiance. You can stroll the boardwalk, but you’re probably not going to come here unless you’re staying in one of the hotels.
Where: Along Ocean Drive from the Government Cut area to about 22nd Street.
Crowd: Anything goes – and does.
Details: The ocean is still the best thing South Beach has to offer. You’ll see tourists and natives here. The natives are usually riding bikes, Rollerblading or running along the path that winds all the way down to South Pointe Park Pier. The fitness-minded work out on the equipment in Lummus Park at Ninth Street,
CRANDON PARK BEACH
Where: On Key Biscayne south of the Seaquarium (4000 Crandon Blvd.)
Crowd: Families from inland Miami.
Details: It has a long stretches of soft sand for spreading the towel out and soaking up the sun. Palm trees dot the sand and make shade. This is actually the perfect beach for families. There are lifeguards, some concessions and picnic areas with tables and grills.
BILL BAGGS CAPE FLORIDA STATE RECREATION AREA
Where: End of Key Biscayne.
Crowd: Families, snorkelers.
Details: The well-shaded beach and park is beloved by families who spend weekends at the plentiful barbecue grills and picnic tables, play areas and restrooms. For those seeking serenity, this is one quiet spot to absorb nature. Cape Florida, located at the farthest end of Key Biscayne offers 1.25 miles of sandy beach. Bring along the snorkel and fins, because there’s lots of interesting sea life a few yards away from shore.
MATHESON HAMMOCK PARK
Where: 9610 Old Cutler Road in Miami.
Crowd: Families, on the young side.
Details: This isn’t really a beach per se, but it boasts a man-made atoll pool that gets its waters from the tides sweeping Biscayne Bay. The bottom is rather slimy and murky but the surrounding park is lovely and families love it here for good reason. There are picnic pavilions and nature trails.
HOMESTEAD BAYFRONT PARK BEACH
Where: 9698 SW North Canal Dr., Homestead.
Crowd: Families hunkering down around the BBQ.
Details: Features an atoll beach with amenities including a marina, snack bar, barbecue grills, rental picnic shelter, a playground and lifeguards.
Where: Southeast 10th Street to the Palm Beach County line.
Crowd: Families, fans of fishing, surfers.
Details: A 980-foot pier at the north end provides a great spot to fish (or watch other people fish). Surfing is allowed on the north side of the pier, and volleyball courts are available.
Where: Atlantic Boulevard to Northeast 16th Street.
Crowd: Water sport aficionados, anglers, families.
Details: This big, broad beach has the staples: picnic areas, playground, volleyball courts and parking. It also boasts a municipal pier with a snack bar. Fish from the pier. You can rent a pole; the nearby tackle shop sells bait. Surfers can do their thing north of the pier. Rent water equipment or launch your own – launch area is Northeast 16th Street.
Where: At Commercial Boulevard.
Crowd: Tourists, families with small kids, some locals.
Details: Feel like you’re on vacation even if you live 10 miles away. The town is full of Old Florida-style shops and restaurants, offering ice cream, seashell wares and food served al fresco. Cute motels and Anglin’s Fishing Pier add to the charm. There are no lifeguards, so swim at your own risk.
Where: From Harbor Beach north of Port Everglades Inlet to Oakland Park Boulevard.
Crowd: Everyone. Tourists, families, nature lovers, sports fans, shoppers, spring breakers.
Details: Starting from the south: Harbor Beach, between Port Everglades Inlet and the 17th Street Causeway, boasts powder-soft sand but access is tricky, with no parking in sight. Instead, walk or bike or stay in one of the hotels that front the beach. Families cluster south of Las Olas Boulevard, near the playground and picnic tables, as well as volleyball and basketball courts and equipment rentals. More action awaits just north of Las Olas Boulevard, with the landmark Elbo Room, bars, restaurants, shops, bikers, in-line skaters and that lovely beach wall. At Sunrise Boulevard, Hugh Taylor Birch State Park has a tunnel to the beach; here you can picnic, camp, bike, canoe and more. Serenity reigns as you head north to Oakland Park Boulevard: no shops, no tourists (well, fewer tourists) and also, inevitably, scarce parking.
JOHN U. LLOYD BEACH STATE PARK
Where: 6503 N. Ocean Dr., Dania Beach.
Crowd: People who prefer wetlands to hotels and t-shirt shops as a beach backdrop.
Details: The 251-acre park, adjacent to Port Everglades, offers a subtropical coastal hammock with nature trail, wetlands area, picnicking, kayak and canoe rentals and a boat ramp. It sits between the Atlantic and the Intracoastal Waterway.
Where: Dania Beach Boulevard.
Crowd: Folks who love the beach, but not the crowds.
Details: Despite its location near Fort Lauderdale-Hollywood International Airport, Dania Beach is a quiet little jewel with a fishing pier, tiki-style huts and soft sand. If you get hungry, there’s a Quarterdeck restaurant on the pier.
Where: North of Hallandale Beach Boulevard; North Beach Park is at Sheridan Street.
Crowd: Families, couples, exercise buffs and, when the season is right, snowbirds from Quebec.
Details: Hollywood offers a beach for everyone. Want to sunbathe against a backdrop of faded glory? Stake out some sand in front of the old Hollywood Beach Resort at Hollywood Boulevard. Want to shop, bike, eat, people-watch or hear a beachside concert? Hit the Broadwalk; the band shell is at Johnson Street. Want to take the family out for a nature-friendly day in the sand? Try North Beach Park at Sheridan Street, where a sea-turtle hatchery adds an eco note to the fun. The north and south ends of Hollywood Beach are comparatively quiet and uncrowded, with peak activity around the giant Margaritaville resort, which towers over the smaller mom-and-pop motels and businesses.
Where: Hallandale Beach Boulevard and State Road A1A.
Crowd: Condo dwellers
Details: The landmark beach ball water tower stands guard over the county’s southernmost shores. So do the condos. The beach offers bocce ball courts as well as showers, lifeguards, a playground and concession stands.
CLARENCE S. HIGGS MEMORIAL BEACH
Where: Near the south end of White Street on Atlantic Boulevard in Key West.
Crowd: Families, tourists.
Details: This beach is on the small side, but includes picnic shelters and a pier.
Where: On South Roosevelt Boulevard west of the airport in Key West.
Crowd: Volleyball players, sunbathers, tourists. (It’s Key West, after all.)
Details: A long stretch of sand populated with palms, the beach is a nice place to seek refuge from the excesses of Duval Street. Volleyball nets beckon, as do rental options for water sports.
BAHIA HONDA STATE PARK
Where: Between Mile Markers 36 and 37 on Bahia Honda Key.
Crowd: Campers, snorkelers, explorers, fishermen, boaters, shallow-water wanderers and gazers.
Details: You can do just about anything here. Stay overnight in a cabin or tent and wake to the golden sunrise. Swim in the Atlantic or the Florida Bay. Wade through shallow, crystal-clear water. Ride a bike. Boat, fish or just park yourself on the attractive sand and relax.
An international business, by definition, has either clients or foreign providers. Thus, a qualified financial entity is necessary to allow it to receive and make payments and perform other relevant business transactions.
The Cambridge Business Dictionary describes international banking as financial arrangements, such as lending money, for companies and banks in other countries. International banking is just like any other banking service, but it takes place across different nations.
South Florida is home to many multinational companies. Therefore, we naturally have several individuals concerned with global banking services for transacting business.
For these international businesses, having a relationship with a bank that offers international banking services is essential. These services range from payment accounts to lending. An international bank will facilitate international business arrangements and transactions that may be unfeasible for domestic banks.
International banks are key facilitators of international trade, fulfilling an important role not covered by other institutions. These include offering payroll services for companies with employees and contractors in other countries, or letters of credit to ensure that companies in different countries pay one another for goods and services. They also offer financing services to support the capital required to import and export goods.
Here are some important things to consider:
Banesco USA offers a wide range of international banking services including:
Don’t forget to make sure to have all your documents are up-to-date to open an account.
For international banking, the bank will:
If you are looking to open an International Business Account, you can reach one of Banesco USA’s experienced personal bankers by calling +1 (888) 228-1597, or by visiting one of our convenient branch locations.
Doing business in Florida sounds like a good idea, right? Not only is South Florida a warm and sunny place to live, but it’s also actually an excellent location to start a business. Whether you are starting a company, opening a new location or moving your headquarters, the Sunshine State has some great advantages to enjoy.
Florida is home to the fourth-largest economy in the nation. Its growth in 2018 significantly outpaced the U.S. at large at a rate of 3.5% compared to 2.9%. Small businesses form a big part of Florida’s economic landscape, making up 99.8% of all businesses and employing 3.3 million people, representing more than 42% of the state’s workforce.
Florida is one of only seven states in the country that doesn’t have a personal income tax making it a very attractive location for corporate legal entities, such as LLCs. The state’s sales tax for rented or purchased goods sits at 6% and corporations must file a corporate income tax return at a low top rate of 5.5%. This means you’ll be able to keep more of your money exactly where it belongs — in your bank account. If you’re looking for a prosperous place to start a business, South Florida may well go to the top of your list.
Recognizing that businesses need certainty, predictability, and efficiency, Florida’s regulatory agencies and local governments have in recent years made efforts to provide quicker, less costly and more predictable permitting processes for significant economic development projects. Ready assistance and access to enterprise bonds, micro-loans, and a growing venture capital sector further contribute to Florida’s reputation as a great place to do business.
Of course, South Florida is one of the most popular tourist destinations in the country. The relatively mild year-round weather and stream of events make for a favorable climate for steady sales and welcoming new opportunities without some of the more profound seasonal shifts found in other parts of the country. In fact, South Florida’s tourism today supports many businesses throughout the year.
South Florida has a dynamic and active entrepreneurial environment with annual small business startup activity growth hovering around 3.7% and SBA loan approvals increased by more than 56% between 2012 and 2015. That’s great news as having a thriving entrepreneurial community helps create a business atmosphere with the ongoing demand for various types of resources and support.
Florida is also a strategic and economic center of the Americas. A prime geographic location offering relative economic and political stability has put Florida at the center of trade and finance throughout much of the Western Hemisphere.
Florida is also home to a growing body of investment capital from venture capitalists and angel investors, making it an increasingly attractive place to start or growing a business.
“The idea that you have to be in huge metropolitan areas like New York or Silicon Valley for access to capital is overblown,” said Andy Latimer, founder, and CEO of Bluewater Media. “The stable business environment in Florida makes business here ripe for investment. Also, the walls of access to large markets have been broken down by technology.”
Today, Florida is home to several economic hubs considered to be incubators of innovation and startups.
Florida’s workforce is also one of the most culturally and linguistically diverse in the nation. More than 3.2 million Florida residents were born outside the U.S., and 4.4 million are speakers of languages other than English. Best represented are speakers of Spanish (3.2 million), Indo-European languages (875,000) and Asia and Pacific Islander languages (218,000).
With more than 150 banks across the state, South Florida has a great sense of community and supporting local businesses. Banesco USA offers a wide variety of services and loans to support many different businesses looking to grow in South Florida. To learn more about Banesco’s business loans please read our business loans (linked) article to learn about our services. With five business centers in South Florida – Coral Gables, Doral, Hialeah, Weston, and Aventura, we are here to help you grow and succeed.
If you are looking to starting a business in South Florida, you can reach one of our experienced personal bankers by calling +1 (888) 228-1597, or by visiting one of our convenient branch locations.
Here’s why you should consider a community bank.
Local banks or community banks as they are also known, are a valuable option versus large national and regional banks, especially for small and medium-sized businesses and individuals. A community bank is a locally-owned and operated financial institution whose size is defined by the Federal Deposit Insurance Corporation (FDIC) as having around $1 billion in assets. According to the Federal Reserve’s Small Business Credit Survey, community banks are the small business lender of choice.
Among the banks in South Florida in this category is Banesco USA, a banking institution with $1.3 billion in assets based in Coral Gables that serves the South Florida area with four business centers.
Banesco USA is known for bringing global expertise to local banking, providing a community bank attuned to the needs of a diverse and increasingly international community.
Today’s technology allows these smaller institutions to provide customers with state-of-the-art services on par with the bigger institutions but also boast a series of unique advantages. For example, Banesco USA can service clients with a wide range of personal and commercial needs and prides itself as being at the intersection of digital innovation, with a human touch.
It is not surprising then that according to the Federal Reserve’s Small Business Credit Survey, 73% of independent businesses that used community banks report they were satisfied with their overall experience, compared with 49% for large banks.
Given their size, community banks can often offer a more personalized service than their larger counterparts. They tend to have close ties to a community and a more intimate feel than national banks whose businesses tend towards large metropolitan areas and volume business. On the other hand, at a community bank, it is not unusual to work with the same people over many years, allowing them to get to know you and with that the ability to offer relevant services over time that align with your needs.
For example, when considering banks in South Florida, Banesco USA takes pride in offering Relationship Banking, providing customers a single point of service for a range of products and services.
Typically, community banks also have more flexibility in the decision-making process. This means that, for example, approval of a small business loan may take less time than one at a larger institution. Also, community banks in South Florida often are often better at taking local needs into consideration, as they’re leadership have first-hand knowledge of the local challenges and opportunities that small businesses have.
Headquartered in Coral Gables, Banesco USA’s team is right in the middle of the community they serve.
Community banks also may offer lower fees than big banks, but not always. Services like online bill paying, debit and credit cards checking accounts, savings accounts are often offered at a lower interest rate with better terms. Competitive services
Today, community banks can offer many of the same quality services and conveniences as larger banks like online and mobile banking. The difference is that these services are often tailored to the needs of the clients, making the banking experience better.
For example, Banesco’s USA digital offerings include:
Community banks are also community members, which means they tend to invest in the communities they serve. As part of the local economy, supporting small businesses, in particular, is of major importance. The Corporate Social Responsibilities (CSR) programs of a local bank will likely be focused on the needs of the community, rather than broader national causes. Therefore, supporting your local bank also translates to supporting your community.
According to the Federal Reserve Bank of New York, small businesses were also more likely to be approved for some form of a loan from community banks — 76%, compared to 58% at national banks.
Banesco’s USA CSR program is dedicated to local initiatives, giving not just money, but employees’ time, working hand in hand with the organizations they support. Some of the groups the bank currently works with are Voices for Children of Broward County, Kapow, St Jude Children Hospital and the Network for Teaching Entrepreneurship (NFTE).
In addition, Banesco has an integrated social responsibility strategy to address social, economic and environmental challenges in the area over the next five years through products and services, culture and operations. First-year efforts will focus on education and entrepreneurship. As part of this effort, the bank has partnered with Steps Up for Students, Cristo Rey Miami High School, and Junior Achievement.
Another example of how local banks work with communities is Banesco’s Corporate Work Study Program of Cristo Rey Miami High School. Through the program, students earn about half of their education, gain job experience, and realize the relevance of their education while providing real services to local businesses. Students work one day per week at Banesco to earn most of their tuition and gain valuable work experience for life after college.
Banking locally provides valuable advantages: personalized service, locally relevant products, and services, local decision making, and competitive rates.
Now that you learned more about banking locally; join our community at Banesco USA. You can reach one of our experienced personal bankers by calling +1 (888) 228-1597, or by visiting one of our convenient branch locations.
This June, Banesco USA welcomed a group of high school students participating in the Future Bankers’ Camp to intern. Miami Dade College’s (MDC) School of Business, the center for Financial Training at MDC, CareerSource of South Florida and Cuban American National Council (CNC) come together to host their 12th Annual Future Bankers’ Camp.
Future Banker’s Camp provides a hand-on experience for high school students interested in a financial services career. The program allows students to further develop their math, communication and financial literacy skills by participating in a specialized internship program. Upon successful completion of the camp, students are eligible to receive the American Bankers Association Bank Teller Certificate and can continue working on obtaining an associate degree in financial services.
With more than 31 local banks/ financial institutions participating in the Future Bank’s Camp, Banesco USA is proud to collaborate and host 4 students in this innovative educational program. “We are honored to have hosted 4 interns who had the opportunity to learn from our experienced team of bankers. Nothing makes us prouder than educating young students about a future finance career with real world examples” said our CEO, Jorge Salas.
Get to know South Florida’s best community bank
There is certainly no shortage of banks in South Florida from which to choose. From the national megabanks to tiny credit unions, our area features plenty of a selection when it comes to financial institutions. However, there is one community bank that has recently been standing out among its peers and consistently winning over South Florida’s choosy and diverse customers, and that bank is Banesco USA.
To answer why, here are four reasons to bank with Banesco USA:
Banesco USA is local in a way that is different from other community banks. Headquartered in Coral Gables, Banesco has four branches in South Florida including Doral, Hialeah, Weston, and its newest branch coming soon to Aventura. In addition, for those in the community with business ties to Puerto Rico, there is also a branch on the island. And, this is one of the key things that makes Banesco different: Banesco USA is an independent offshoot of Banesco International, a worldwide group of financial institutions with a presence in 15 countries.
Banesco USA’s international roots reflect South Florida’s own makeup, creating an institution attuned to the needs of a diverse and increasingly international community. This is of major importance to a great many residents. That’s because for years, many of South Florida’s personal and business bank customers have struggled with local and national banks that have failed to properly understand their realities.
Families and entrepreneurs from different countries have often found it hard to get their local bankers to appreciate that they may, for example, have incomes and assets in other markets, or skills and experience from companies and institutions that may not immediately recognize, but that are nonetheless transferable and valuable in the marketplace. Banesco understands this customer just as much as they understand the native and long-standing resident that calls them neighbors, customers, and business partners.
An FDIC insured and Florida chartered bank, Banesco USA has been on a roll, experiencing solid, steady growth and projecting a very positive outlook for the future. In fact, 2018 was a record year for the bank and is also notable for a major vote of confidence given to it by its stockholders.
In fact, for the year ending December 2018, the bank recorded growth in all of the major categories that one expects from a healthy and thriving bank, increasing loan totals by 16 percent, increasing assets to the tune of 19 percent and an increasing deposits by 20 percent. Top marks for any bank and especially for a local community bank in a competitive market like South Florida.
That performance and the success of its formula for winning over customers was rewarded by stockholders in January 2019 with a capital injection of nearly $12 million dollars. What formula, you ask?
Let’s face it, not all banks get technology right and some even forget the importance of personal attention along the way. Not Banesco USA. The bank’s customers will tell you that Banesco USA is able to service clients with a wide range of personal and commercial needs, and strikes a great balance of digital innovation with a human touch. This feedback is born out of countless satisfaction surveys and has the bank innovating at a rate uncommon for an organization of its size.
This is most evident in Banesco USA’s best-in-class online and mobile banking solutions, as well as in its practice of making real people readily available to customers. You see, the community bank succeeds where other banks often struggle to properly balance efficiency and real customer service.
That’s because the bank’s approach to technology has not been about cost-cutting and pushing people to apps. Its mission has been for customers to recognize a tangible difference in Banesco USA – one that combines the personal touch of a strong local bank with the kind of convenience and time savings that today’s technologies do a great job of delivering.
Banesco USA also succeeds for local businesses where national banks often fall short, namely the SMB lending market. This is an area where the bank is particularly well-suited to compete with loans ranging from $2 million to $20 million – a sweet spot for South Florida, a market dominated by smaller businesses.
Whether it’s businesses seeking commercial real estate mortgages, other commercial loans or SBA loans, Banesco has been proving itself as a leading and worthy contender to win their business. That’s because Banesco’s people understand the ins and out of expanding a business, the need for new equipment or simply improving cash flow, the bread and butter of banking.
There are a lot of banks in South Florida to be sure, but only one is making its mark in the way that Banesco USA is – by looking outside for innovation, but building products, services and customer experiences with our community squarely in mind.
If you’re interested in learning more about Banesco USA and our services, you can reach one of our experienced personal bankers by calling +1 (888) 228-1597, or by visiting one of our convenient branch locations.
Kramerica Lender, LLC located in South Miami shares their success story and how Banesco USA has been a reliable and loyal partner in their business journey.
Kramerica Lender, LLC is an accounting and consulting practice that offers a broad range of services for business owners, executives, and independent professionals. They specialize in Quickbooks products with solutions that include local onsite assistance or nationwide support for Quickbooks Online Accounts. The practice also provides invoicing and bill payment services as well as job costing and specialized reports.
Banesco USA and Kramerica Lender, LLC have been together since 2012 and continue to work build on their successful relationship. Kramerica Lender, LLC shares why they believe Banesco USA has been a terrific supporter in their partnership. “Banesco USA offers a partnership relationship, they are more than a bank and are really focused on their clients.” “It’s relationship banking, which is a little unique these days with the presence of big banks,” remarked one of Kramerica Lender’s executives.
He explains how Banesco maintains a personal relationship with them as clients and gets involved in important decision-making processes, something he appreciates very much. A personalized approach and a reliable customer service are a few of the things that the company points to as contributors for their continuous mutual growth and success. For example, they know they can rely on Banesco USA for any upcoming challenge, change, decision or milestone to overcome or celebrate.
Banesco USA is proud to continue working every step of the way with Kramerica Lender, LLC on their journey to continues financial success and Kramerica Lender, LLC is proud to have Banesco USA as their loyal partner.
Banesco USA has been named a finalist for the 2019 Business of the year Award by South Florida Business Journal. This prestigious award has recognized many of today’s top regional organizations, so we are proud to participate in the annual 22nd Business of the Year award program. SFBJ is one of South Florida’s most reliable and leading business news outlet in South Florida covering the latest stories on the market.
About Banesco USA
Founded in 2006 and based in Coral Gables, Banesco USA is an independent Florida state-chartered bank (https://banescousa.com/OFR-Cert-of-Good-Standing.pdf) with $1.28 billion in assets as of December 31st, 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.