BB Americas Bank is headquartered in MIAMI and is the 16th largest bank in the state of Florida. It is also the 445th largest bank in the nation. It was established in 1986 and as of March of 2023, it had grown to 227 employees at 4 locations. BB Americas Bank's money market rates are 5X the national average, and it has an A health rating.
Excellent bank with very low fees and very effective. It doesn't compare to the big Brazilian bank Banco do Brasil, but I was never surprised by hidden fees. Compared to Brazilian banks, it is very protective, making it difficult to open an account, get a mortgage approved, and so on. Since I don't live in Florida, I only use the app and phone contacts. It ends up being a limited bank. But for a year it has been a bank that delivers what it promises. I am satisfied and recommend. Some reviews criticize the bank, giving it 1 star, but considering this is a small bank, with only two branches, and only in Florida, it's a 5 star bank.
An excellent bank for Brazilians, as it allows account holders in Brazil to make transfers between Brazil and the United States without fees. Service in Portuguese and everything you need to have an account for Brazilians who do not live in the United States.
As a Brazilian myself, I expected highly from this bank. Instead, I'm rather dissatisfied with the service they provide. They're amateur and have impossibly terrible costumer service. They are so underdeveloped that they don't even have a mobile app of their own. I wouldn't recommend this bank to any of my countrymen.
I called and asked the CSR what documents we need to bring to open a CD in the name of a trust. After being placed on hold and passed to several CSR reps, they stated I need to bring in our entire trust document. I never heard of that before, Usually financial institutions only ask for the title page or abstract. Our trust documents is in binders so I have to go elsewhere and pass on their great rates.
Overall | |
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FDIC Certificate # | 26725 |
Year Established | 1986 |
Employees | 227 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.82% |
Return on Equity - YTD | 26.06% |
Annual Interest Income | $27.1MM |
Assets and Liabilities | ||
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Assets | Q1 2023vs Q1 2022 | $2.57B$1.02B |
Loans | Q1 2023vs Q1 2022 | $900.4MM$565.7MM |
Deposits | Q1 2023vs Q1 2022 | $2.34B$897.1MM |
Equity Capital | Q1 2023vs Q1 2022 | $188.9MM$79.3MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $12.4MM$6.9MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $3.3MM$1.3MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.40% | $1k | - | Savings Account |
BB Americas Bank Locations | ||
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Banco Do Brasil Americas | 1221 Brickell Ave | Miami, FL 33131 |
Orlando Branch | 5403 International Drive | Orlando, FL 32819 |
Lighthouse Point Branch | 3450 N. Federal Highway | Lighthouse Point, FL 33064 |
Aventura | 17900 Bicayne Boulevard | Aventura, FL 33160 |