Company Information

Get to know BAC Florida Bank

Founded in 1973 as BAC Florida Bank, the institution has a long history of serving the financial needs of foreign nationals. In 2020, the bank was acquired by Credicorp Ltd., a leading financial services holding company in Peru, and became part of its microfinance subsidiary, Mibanco. Following the acquisition, the bank was rebranded to "banc." and transitioned to a digital-first model. Its mission is to provide non-US residents, particularly from Latin America, with seamless access to the security and benefits of the US banking system, offering a suite of services including personal banking, real estate financing, and wealth management.

Industry

Financial Private BankingPRIMARY
Financial Banking
Financial Insurance

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BAC Florida Bank

United States

Founded in

12 Oct 1973 (52 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.