Stonegate Bank
Bank in the United States
From Wikipedia, the free encyclopedia
Stonegate Bank is an American bank headquartered in Pompano Beach, Florida.[1]
| Company type | Private |
|---|---|
| Founded | 2005 |
| Headquarters | , |
Key people | David Seleski (President & Chief Executive) |
| Website | stonegatebank.com |
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]
