Date: Wednesday, September 18, 2019 | Time: 5:30 p.m. – 8:00 p.m.
Location: Miami Airport Hilton, 5101 Blue Lagoon Drive, Miami, FL 33126
Moderator: Jose Cueto, President & CEO, International Finance Bank
Panelists:Andrew Yanez, SVP Chief Lending Officer and CRA Officer, International Finance Bank
Nicholas Bustle, EVP/Chief Lending Officer, U.S. Century Bank
Scott Carter, VP/Loan Sales and Hedging, Centerstate Bank
Jeff Gross, Managing Director, BAC Florida Bank
(Miami, FL) – On September 18, 2019, the South Florida Banking Institute (SFBI), kicked off the 2019-2020 season with a ‘CLO/Lending’ panel. SFBI members networked throughout the cocktail hour prior and socialized throughout dinner. Guillermo Benitez, Vice President of Financial Services at United Data Technologies, opened up the panel, stating his commitment to a second term as President to the SFBI Board of Directors for the 2019-2020 year.
Jose Cueto, President and CEO of International Finance Bank moderated the panel, introducing the panelists comprised of local community bank Chief Lending Officers: Andrew Yanez, SVP Chief Lending Officer and CRA Officer of International Finance Bank; Nicholas Bustle, EVP/Chief Lending Officer of U.S. Century Bank; Scott Carter, VP/Loan Sales and Hedging of Centerstate Bank, and Jeff Gross, Managing Director of BAC Florida Bank.
Topics of discussion included lending issues affecting the banking community, from the local to international level. Jeff Gross, a Miami real estate banking veteran with over 38 years of real estate lending experience spoke on the current market and purchase patterns, speaking from experience as the lead of the largest originator of residential real estate loans for foreign nationals. Scott Carter discussed the atmosphere and precautions banks have taken in the current lending climate. Scott Carter spoke from his experience as an investment and banking analyst and strategist, working with lenders and investors in structuring commercial real estate financing. Andrew Yanez and Nicholas Bustle spoke on the change of landscape for lending from the perspective of location, multi-family, and retail market value. Lending terms, employment rates, systems changes, trade market, demographics, population growth, and what that means for the future of South Florida were all discussed, concluding the evening with a question and answer portion.
