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.
Our Team
Carlos M. García
Chairman & Chief Executive Officer
Diego Arsuaga
Business Strategy
Michael Coyne
Head of Tech Operations & Processing
Adel Pagán
Human Resources
Beatriz Ramírez de Arellano
Chief Risk Officer
Javier I. Rodríguez
Chief Financial Officer & Treasurer
Alejandro Torres
Engineering
Our Business Banking Team
Andrés Cardalda
Chief Lending Officer
Héctor Del Río
Business Development
Raúl Padilla
Business Development
Natalia Irizarry
Relationship Manager
Sarah Padial
Relationship Manager
Andrea Zavala
Relationship Manager
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.
What our clients say
“El proceso de apertura de cuenta fue muy eficiente, organizado y rápido. El equipo de Nave fue muy atento en todo momento y estamos emocionados de continuar la relación bancaria por muchos años más.”
Cristina Dominguez
Compliance & Operations Manager, Connelly Capital
“El proceso de abrir una cuenta corporativa en Nave Bank no requirió visitar una sucursal en persona, eso nos ahorró medio día como mínimo que hubiéramos perdido en un banco tradicional. La plataforma en línea es sumamente sencilla de utilizar y a la misma vez tiene capacidades avanzadas que nos hacen el trabajo más fácil.”
Alberto Riego
General Manager, Paladius
“Nave's user-friendly platform and dedicated staff has simplified our banking experience while simultaneously enhancing our tools and capabilities.”
Mike Fischer
Principal, BayBoston Managers
Backed by industry leading investors
+20 local investors
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Branch hours
Mon - Fri : 9am - 5pm
Business hours
Mon - Fri : 8:30am - 5:30pm
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 (annual percentage yield) a closing balance of $10,000 is required at the end of the day. On balances less than $10,000, the interest will be 1.75% APY. After June 30, 2025, the interest rate may change.
Equal opportunity for all
FDIC Insured
OCIF B-40