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Banesco USA Names New Tampa Leadership Team

The bank has appointed three executives to expand its regional community banking operations in Tampa Bay.

Updated on Oct. 30, 2026 in People

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Banesco USA has appointed Teresa Stinson to its board and added two regional executives to bolster its commercial banking expansion in Tampa. AI Illustration. Upload story photo >

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Banesco USA has announced the appointment of Teresa Stinson to its board of directors, along with David Moore and Henry Gonzalez III to key regional market roles. These leadership changes support the bank's strategy to grow its presence in Tampa Bay.

Why it matters

These appointments follow a significant business expansion for Banesco USA in the region, positioning the firm to build a new community banking franchise. The leadership team will oversee operations bolstered by the integration of more than 50 professionals.

Banesco USA reported $5.9 billion in assets as of June 2026, supported by an existing network of six banking centers. The bank also integrated 50 professionals following its acquisition of an SBA lending business from BayFirst Financial Corp.

The players

Teresa Stinson

She was elected to serve on the Banesco USA board of directors.

David Moore

He was named senior vice president and Tampa Bay market executive at Banesco USA.

Henry Gonzalez III

He was named Hillsborough market executive at Banesco USA.

Banesco USA

A financial institution headquartered in Miami that operates banking centers across Florida and Puerto Rico.

BayFirst Financial Corp

A St. Petersburg-based financial services company that sold its national SBA lending business to Banesco USA.

The details

The bank expanded its regional footprint by hiring additional commercial real estate lenders and bankers to complement its existing infrastructure. This growth follows the December 2025 acquisition of a national SBA lending business that included $95 million in loan balances.

Timeline

  1. Banesco USA was founded in 2006.

  2. Banesco closed its acquisition of an SBA lending business in December 2025.

  3. The bank reported $5.9 billion in assets in June 2026.

  4. Banesco announced these new executive appointments on October 28, 2026.

Market Landscape

Banesco USA is aggressively scaling its operations by leveraging Small Business Administration (SBA) loan guarantee programs to capture regional market share. This integration allows the bank to compete more effectively against established incumbents by broadening its commercial product suite.

Local commercial clients and small business owners in the Tampa Bay area may see increased access to credit and specialized lending services. This expansion may lead to improved regional customer service as the bank builds out its community banking footprint.

The takeaway

Regional banks often use strategic acquisitions to rapidly acquire specialized talent and market presence in competitive territories. Businesses seeking capital in Tampa should monitor the increased availability of credit resulting from this institutional expansion.

Further reading

For more information on the local professional landscape, visit the Tampa People section.

Source note: This article includes information reported by Business Observer.

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