| Company type | Private |
|---|---|
| Founded | 2005 |
| Headquarters | Pompano Beach, Florida, United States |
| Key people | David Seleski (President & Chief Executive) |
| Website | stonegatebank.com |
Stonegate Bank is an American bank headquartered in Pompano Beach, Florida.
History
Stonegate Bank was established in 2005 by David Seleski. It has "21 banking offices in south and west Florida, mainly in Broward, Charlotte, Collier, Hillsborough, Lee, Miami-Dade, Palm Beach and Sarasota counties." By June 2015, it had "$2.27 billion in assets and $1.93 billion in deposits."
In 2017, Stonegate was bought by Home BancShares.
Activities in Cuba
Since 2015, it has been active in Cuba. It is the only US bank to be used by the Cuban government. For example, it is used to process Cuban visa fees. Meanwhile, the bank also signed a contract with Banco Internacional de Comercio to serve as its correspondent bank.
The bank has been criticized by Cuban-born Republican Congresswoman Ileana Ros-Lehtinen for its activities in Cuba.
References
- ^ McLannahan, Ben (May 22, 2015). "Florida's Stonegate Bank embraces Cuba". Financial Times. Retrieved January 29, 2016.
- ^ 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.
- "Home BancShares, Inc. Announces Completion of the Acquisition of Stonegate Bank | Centennial Bank". www.my100bank.com. Archived from the original on 2018-07-03.
- "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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