Peruvian financial services giant Credicorp announced today a $180 million deal to acquire Florida-based Helm Bank USA, signaling continued consolidation in the U.S. regional banking sector [[2]]. The acquisition, expected to close pending regulatory approvals in both the U.S.and Peru, will expand Credicorp’s reach to serve the growing financial needs of Latin American communities and businesses operating across borders. Banco de Crédito del Perú (BCP), a Credicorp subsidiary, will take full ownership of the Florida bank, wich reported over $1.1 billion in assets as of September 30, 2025 [[1]].
Credicorp, a leading financial services holding company in Peru with operations extending to Chile, Colombia, Bolivia, Panama, and the United States, announced today an agreement to acquire Helm Bank USA. The deal, valued at $180 million, expands Credicorp’s reach within the U.S. market and strengthens its capabilities in cross-border financial services.
The acquisition will see Banco de Crédito del Perú (BCP), a subsidiary of Credicorp, take full ownership of Helm Bank, a community bank authorized to operate in Florida. As of September 30, 2025, Helm Bank reported $1.1418 billion in assets and $106.8 million in net equity. The final transaction amount is subject to standard closing adjustments.
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According to a company statement, the move is intended to bolster Credicorp’s ability to serve clients engaged in international business and cater to the growing financial needs of Latin American customers. The acquisition also aims to preserve Helm Bank’s established role as a community-focused institution.
“This acquisition allows us to deepen our ability to serve Latin Americans whose financial lives span both their home countries and the United States,” said Gianfranco Ferrari, CEO of Credicorp. “We believe Helm Bank’s legacy as a community-focused institution, combined with its expertise in serving international clients, aligns perfectly with our strategy. We look forward to strengthening that role and enhancing its capabilities within our broader ecosystem.”
Mark Crisp, President and CEO of Helm Bank, echoed this sentiment, stating, “Partnering with Credicorp is a natural evolution for Helm Bank.” He added, “The financial strength of Credicorp, confidence in its reputation, and its customer-centric philosophy provide a solid foundation for our next chapter. Together, we are well-positioned to amplify our impact and deliver greater value to the communities we serve, both in the United States and Latin America.”
The completion of the transaction remains subject to customary closing conditions, including regulatory approvals in both the United States and Peru. This acquisition comes as regional banks in the U.S. continue to be evaluated for strategic fit and growth potential.
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