BCP Helm Bank USA Deal Clears Florida, Fed Still Pending
The BCP Helm Bank USA deal has cleared the Florida banking regulator, but the US$180 million purchase still needs Federal Reserve approval. The post BCP Helm Bank USA Deal Clears Florida, Fed Still Pending appeared first on The Rio Times .
Peru's largest bank, Banco de Crédito del Perú, has secured state approval to acquire Miami lender Helm Bank USA. The Federal Reserve has not yet made a decision on the deal. The Florida Office of Financial Regulation, the state agency responsible for chartering and supervising Florida banks, granted its approval on September 16, 2026.
This marks the first American hurdle cleared in the acquisition process. The Lima-based holding company, Credicorp, which owns BCP, stated in its filing with the United States Securities and Exchange Commission that the deal depends on two American regulators: the Florida Office of Financial Regulation and the Federal Reserve System.
The Federal Reserve, which supervises bank holding companies, has not yet publicly cleared the transaction. The acquisition price of US$180 million is subject to customary adjustments at closing. Helm Bank USA, founded in 1989 during the American savings and loan crisis, is a Florida state-chartered community bank with a focus on cross-border residential real-estate lending to internationally active clients.
Approximately 75% of its borrowers have their primary home outside the United States. The deal involves two newly created companies, Orange Peru Holding S.A. and Orange Financial Holding Inc. Helm Bank USA will become part of Credicorp's growing presence in the United States, providing a regulated onshore platform for Latin American clients who need financial services in the U.S.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
