Credicorp, a Peruvian financial services holding company with operations in Chile, Colombia, Bolivia, Panama and the United States, announced today that its subsidiary, Credit Bank of Peru (“BCP”), entered into an agreement to acquire 100% of the issued and outstanding shares of Helm Bank USA (“Helm Bank”).
The transaction will amount to USD 180 million, which will be subject to customary adjustments upon closing of the transaction.
As of September 30, 2025, Helm Bank, a community bank authorized for operation in the state of Florida (United States of America), it had USD 1,141.8 million in assets and USD 106.8 million in net worth.
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“We believe the transaction strengthens Credicorp’s strategy to enhance its cross-border capabilities to serve internationally active clients and strengthens its ability to meet the growing needs of Latin American clients, while maintaining Helm Bank’s legacy as a community-focused institution,” the group said in a statement.
“This acquisition allows us to deepen our ability to serve Latin Americans whose financial lives depend on both their home countries and the United States.” said Gianfranco Ferrari, CEO of Credicorp.
“We believe that Helm Bank’s heritage as a community-oriented institution, together with its experience in serving international clients, is a perfect fit for our strategy. We look forward to strengthening this role and expanding its capabilities within our broader ecosystem.“, he noted.
“The partnership with Credicorp is a natural evolution for Helm Bank“- said the president and general director of the American bank, Mark Crisp.
“Financial power of Credicarpconfidence in its reputation and customer-centric philosophy provide a solid foundation for our next chapter. Together, we are well positioned to increase our impact and deliver greater value to the communities we serve, both in the United States and in Latin America.“, he commented.
Completion and closing of the transaction is subject to customary closing conditions, including applicable regulatory approvals in the United States and Peru.
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