Stonegate Bank

Stonegate Bank
Company typePrivate
Founded2005
Headquarters
Pompano Beach, Florida
,
United States
Key people
David Seleski (President & Chief Executive)
Websitestonegatebank.com

Stonegate Bank is an American bank headquartered in Pompano Beach, Florida.[1]

History

Stonegate Bank was established in 2005 by David Seleski.[1][2] It has "21 banking offices in south and west Florida, mainly in Broward, Charlotte, Collier, Hillsborough, Lee, Miami-Dade, Palm Beach and Sarasota counties."[2] By June 2015, it had "$2.27 billion in assets and $1.93 billion in deposits."[2]

In 2017, Stonegate was bought by Home BancShares.[3]

Activities in Cuba

Since 2015, it has been active in Cuba.[1] It is the only US bank to be used by the Cuban government. For example, it is used to process Cuban visa fees.[2] Meanwhile, the bank also signed a contract with Banco Internacional de Comercio to serve as its correspondent bank.[4]

The bank has been criticized by Cuban-born Republican Congresswoman Ileana Ros-Lehtinen for its activities in Cuba.[2]

References

  1. ^ a b c McLannahan, Ben (May 22, 2015). "Florida's Stonegate Bank embraces Cuba". Financial Times. Retrieved January 29, 2016.
  2. ^ a b c d e Hemlock, Doreen; Gehrke-White, Donna (July 22, 2015). "Stonegate Bank of Pompano Beach signs historic banking deal in Cuba". Sun Sentinel. Retrieved January 30, 2016.
  3. ^ "Home BancShares, Inc. Announces Completion of the Acquisition of Stonegate Bank | Centennial Bank". www.my100bank.com. Archived from the original on 2018-07-03.
  4. ^ "South Florida bank is first from the US to sign banking relationship in Cuba". The Guardian. July 22, 2015. Retrieved January 30, 2016.


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