Stonegate Bank
| Company type | Subsidiary |
|---|---|
| Industry | Banking, Financial services |
| Founded | 2005 |
| Founder | David Seleski |
| Defunct | 2017 |
| Fate | Acquired by Home BancShares |
| Headquarters | Pompano Beach , United States |
Area served | Southern and western Florida (Broward, Charlotte, Collier, Hillsborough, Lee, Miami-Dade, Palm Beach, Sarasota counties) |
| Products | Banking services |
| Parent | Home BancShares |
Stonegate Bank is a financial institution based in the United States, with its main office located in Pompano Beach, Florida.
History
Founded in 2005 by David Seleski, Stonegate Bank maintains a network of 21 branches throughout southern and western Florida. Its presence is concentrated in the counties of Broward, Charlotte, Collier, Hillsborough, Lee, Miami-Dade, Palm Beach, and Sarasota. By the middle of 2015, the bank's assets were valued at $2.27 billion, with deposits totaling $1.93 billion.
In 2017, Stonegate Bank became part of Home BancShares through an acquisition.
Operations in Cuba
Beginning in 2015, Stonegate established a distinctive role as the sole U.S. bank engaged with the Cuban government, including handling payments for Cuban visa applications. The bank also formed a correspondent banking partnership with Banco Internacional de Comercio. This exclusive involvement has attracted criticism from Republican Congresswoman Ileana Ros-Lehtinen, who was born in Cuba.