We are on a mission to provide financial solutions that facilitate growth in our communities and propel Puerto Rico into the future.
We are a team of experts in finance and technology. We believe in a new and modern way to bank, built for today’s needs and fully equipped for the future. One that provides agile and accessible financial products and services while driving innovation, economic growth, and talent development.
Why a new bank?
Between 1995 and 2020, the number of banking institutions in Puerto Rico dropped from 21 to 5, leaving 3.2 million people living in Puerto Rico with a disproportionately small number of financial institutions.
With this in mind, we decided to create new financial solutions that propel Puerto Rico's economic growth. This guided us to apply for a banking license from local and federal regulators in December 2022. This was the first application for a new bank on the island in over 20 years.
In August 2023, we became Puerto Rico's first digital bank member of the Federal Reserve System and insured by the FDIC.
We are regulated and supervised by the Federal Reserve, which helps ensure our compliance with federal banking regulations and contributes to the stability and security of the financial system.
Executive team
Carlos M. García
Chief Executive Officer & President of Commercial Banking
Greg Berry
Chief Technology Officer
Andrés Cardalda
Chief Lending Officer
Héctor Del Río
Business Development Officer
Marilu Jiménez
Chief Compliance Officer
Beatriz Ramírez de Arellano
Chief Risk Officer
Vipul Raval
Chief Information Security Officer
Javier I. Rodríguez
Chief Financial Officer & Treasurer
Our Values
Transparency
Open and honest communication gives us and the communities we serve the visibility to make the best decisions.
Simplicity
We battle complexity in everything that we do. Always asking ourselves – How can we make this simpler for the customer? How can we make this a seamless experience?
Diversity
Different perspectives build better teams and better products. Diversity in thought, backgrounds and experiences will drive innovation.
Collaboration
We value relationships and the power of community. Close collaboration will help us grow together and build the future we want to live in.
Bravery
We constantly push ourselves to go out of our comfort zones to find new solutions. Pushing boundaries and challenging the statu-quo to be the force of positive change we aim to be.
Read our press releases and check out Nave's media coverage.
Legal Disclaimer:
1All Nave Business accounts are subject to approval
2Competitive interest rate is variable, and requires a minimum balance of $1 for interest calculation. To receive the 3% APY, a balance greater than $10,000 is required; on smaller balances the interest granted will be 1.75% APY. After this period, the interest rate may change.
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Branch hours
Mon - Fri : 9am - 5pm
Business hours
Mon - Fri : 8:30am - 5:30pm
FDIC Insured
OCIF B-40