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BAC Florida expanding domestic division

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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. ♦

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.