Banco de Crédito del Perú (BCP), a subsidiary of Credicorp, has signed an agreement to acquire 100% of Helm Bank USA for 180 million dollars, subject to closing adjustments. This acquisition aims to expand BCP's presence in the US financial market, focusing on services for Latin American clients. Helm Bank, headquartered in Florida, reports assets of 1.140 million dollars as of September 2025.
Banco de Crédito del Perú (BCP), a subsidiary of the Peruvian financial holding Credicorp, announced the acquisition of Helm Bank USA for 180 million dollars. The transaction, advised by Inverlink for the selling shareholders, involves 100% of the shareholding and is pending customary closing adjustments.
Helm Bank USA is a community bank headquartered in Florida, operating branches in Miami and Orlando, a representative office in Bogotá, and presence in Medellín, Cali, and Barranquilla. Its main focus is on residential mortgage loans and financial services for individuals and businesses, both local and international, including mortgage brokers and developers. Regulated by the Federal Deposit Insurance Corporation (FDIC), the Florida Office of Financial Regulation, and the Federal Reserve of the United States, the bank has a growing digital banking platform with over 6,700 active users.
As of September 2025, Helm Bank reported assets of approximately 1.140 million dollars, equity of 106.8 million dollars, and net profit for the last twelve months of 9.4 million dollars.
Strategically, this deal bolsters Credicorp and BCP's expansion in US banking and wealth management. It will enable offerings such as deposit accounts, credit cards, and real estate financing for high-net-worth clients, as well as solutions for corporates and institutions. It will also broaden access for Peruvian and Latin American clients to US investment opportunities.
"This acquisition allows us to deepen our capacity to serve Latin Americans whose financial lives span both their countries of origin and the United States," stated Gianfranco Ferrari, CEO of Credicorp. "We believe that Helm Bank's legacy as a community-focused institution, along with its experience in serving international clients, aligns perfectly with our strategy."
Mauricio Saldarriaga, managing partner at Inverlink, highlighted the decades-long relationship with the Helm Group, while Felipe Camacho, a partner at the firm, emphasized the value of complex cross-border transactions that support BCP's regional expansion goals.
