Yesterday the State Department confirmed that the Cuba government is seeking to establishing a banking relationship with a US bank. Today, we have learned that bank is South Florida-based Stonegate Bank.
“We hope this is the initial step to normalize banking ties between the two countries, which will benefit American companies wanting to do business in Cuba, as well as the Cuban people,” David Seleski, chief executive officer of the Florida-based bank, said Thursday in a statement to Bloomberg News.
Restoring banking operations was among Cuba’s highest priority demands for upcoming negotiations. That negotiation is happening today as the top U.S. diplomat for Latin America, Roberta Jacobson, is meeting with her Cuban counterpart, Josefina Vidal, at the State Department in Washington, DC.