BAC Florida expanding domestic division - S. Florida Business & Wealth

BAC Florida expanding domestic division

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column width=”2/3″][vc_column_text]

BAC Florida Bank isn’t resting on its reputation as a five-star bank even as it celebrates 45 years in business.

The bank is expanding its domestic division after appointing Gonzalo A. Acevedo as the division head for the bank’s My eBanc digital platform, personal and commercial banking division. The Coral Gables bank’s approach is to not only to serve the personal needs of its U.S. and Latin American clients, but their commercial banking needs as well.

Acevedo joined the bank in March and has banking and wealth management experience dating to 1995, with stints at Citigroup, ABN AMRO, U.S. Trust, HSBC Private Bank, SunTrust, Bernstein Private Wealth Management and City National, where he was group managing director of the private client group.

The Florida International University graduate and former U.S. Navy reservist serves on boards and committees at FIU, the Wolfsonian Museum, the United Way of Miami Dade and the Actors’ Playhouse at the Miracle Theatre.

“Gonzalo brings exceptional talent, experience and commitment, and we are pleased to bring him on board to help expand our offerings to clients we can serve in South Florida and throughout the U.S.,” says Julio Rojas, president and CEO of BAC Florida Bank.

Acevedo says he had a lot of experience with global and international banks early in his career, but amid the financial crisis, he began to focus on local business and working with community banks, seeing an opportunity with the favorable business climate and growth in South Florida. He likes the opportunity to help BAC expand its business and serve as a trusted adviser to its clients.

BAC, which is owned by Grupo Pellas of Nicaragua, uses technology to fuel organic growth out of its single office in Coral Gables, where it is the signature tenant on the northeast corner of Coral Way and Ponce de Leon Boulevard.

The technology allows clients to undertake payments, manage balances, conduct inquires and manage their accounts in detailed ways, Rojas says.   

BAC Florida Bank ranks among the top five banks with headquarters in South Florida. It is known for expertise in residential real estate, trade finance and wealth management.

Rojas says strong underwriting standards enabled the bank to weather the financial crisis. In 2008, Bauer Financial gave the bank a top five-star rating for its financial performance and banking principles. Today, the bank maintains that rating. ♦

[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_single_image image=”27600″ img_size=”full” add_caption=”yes” qode_css_animation=””][vc_single_image image=”27601″ img_size=”full” add_caption=”yes” qode_css_animation=””][/vc_column][/vc_row]

You May Also Like
Boca Raton’s Glass House Advances With $70M Financing

Maxim Capital loan positions the nine-story luxury condominium for vertical construction and a projected 2027 completion

Read More
Modern, minimalist lobby with curved, wave-like ceiling and wall design, light wood and white furniture, abstract blue artwork, large windows, and a view of palm trees outside. South Florida Business & Wealth
Transit-Oriented Living Arrives in Boca

Link at Boca breaks ground near the Tri-Rail station, adding 340 apartments, retail, and new density to one of Palm Beach County’s fastest-evolving corridors.

Read More
A group of people in business attire and hard hats stand in front of a construction site banner, holding shovels and posing for a groundbreaking ceremony on a sunny day. South Florida Business & Wealth
Related Ross Expands Its Palm Beach Waterfront Portfolio

Edgeworth follows strong sales at South Flagler House as West Palm Beach’s corporate growth drives demand for high-end housing.

Read More
Two modern high-rise buildings with curved balconies, viewed from below against a blue sky. Palm trees frame the scene, adding a tropical atmosphere. South Florida Business & Wealth
A Block-Scale Bet on North Beach

Witkoff’s Miami Beach project combines boutique density, public investment, and mixed-use design in a model built for long-term value

Read More
Two modern, glass high-rise buildings stand near a sandy beach lined with palm trees, with the ocean stretching out to the horizon under a clear sky at sunrise or sunset. South Florida Business & Wealth
Other Posts
$1B Industrial Fund Targets Southeast Growth

Boca Raton investment firm targets overlooked industrial deals across high-growth markets.

Read More
A white semi-truck, cargo containers, a forklift, and large metal rolls at an industrial shipping yard, with a plane flying overhead and cranes and factories in the background at sunset. South Florida Business & Wealth
International Swimming Hall of Fame Redevelopment Moves Forward With Key Approval

Fort Lauderdale clears the way for the largest phase of the $220 million public-private redevelopment.

Read More
A modern, multi-story building with a curved design sits by the waterfront, surrounded by palm trees, sailboats, and yachts on a sunny day, with several high-rise hotels in the background. South Florida Business & Wealth
Kobi Karp’s Shell Bay Tower Takes Shape

Witkoff Group and PPG Development move the Auberge-branded tower vertical inside the private Shell Bay club community.

Read More
Aerial view of a luxury waterfront resort with a marina, tennis courts, a golf course, landscaped grounds, and a modern high-rise building, surrounded by trees and a nearby residential neighborhood. South Florida Business & Wealth
Capital Flows to the Flagler Waterfront

$145 million refinancing of Esperanté underscores investor confidence in West Palm Beach’s fast-growing financial corridor.

Read More
A tall, white, multi-story office building with a unique rooftop, surrounded by palm trees and smaller buildings, set against a blue sky with scattered clouds. South Florida Business & Wealth