Special Report: Cuba
For more than a year, no bank was willing to become Cuba's official bank in the United States--until a small community bank based in Pompano Beach stepped up.
July 29, 2015 at 04:00 AM
8 minute read
About 18 months ago, the State Department and the Treasury Department's Office of Foreign Assets Control invited dozens of bankers and lawyers to a meeting in Miami.
The federal agencies were on a road show, trying to persuade a bank to become Cuba's official U.S. bank after Buffalo-based M&T Bank decided to pull out, leaving Cuba without a bank in the United States.
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