Credicorp announced its Peruvian banking subsidiary, Banco de Crédito del Perú (BCP), has signed an agreement to acquire 100% of Helm Bank USA for $180 million, subject to customary price adjustments at closing. The transaction is intended to expand Credicorp’s cross-border banking capabilities for clients with financial needs spanning Latin America and the United States.
Helm Bank is a Florida state-chartered community bank with $1.1 billion in assets and $106.8 million in shareholders’ equity as of September 30, 2025, according to the companies. Credicorp said the deal supports its strategy to enhance cross-border services for internationally active clients while preserving Helm Bank’s legacy as a community-focused institution.
Credicorp operates across Peru, Chile, Colombia, Bolivia, Panama, and the United States, with businesses spanning universal banking, microfinance, insurance and pensions, and investment management and advisory. The company also maintains a corporate venture capital arm, Krealo.
Closing is subject to customary conditions, including regulatory approvals in both the United States and Peru.
KEY QUOTES:
“This acquisition allows us to deepen our ability to serve Latin Americans whose financial lives span both their home countries and the United States. We believe that Helm Bank’s legacy as a community-focused institution combined with its expertise in serving international clients, aligns perfectly with our strategy. We look forward to strengthening that role and enhancing its capabilities within our broader ecosystem.”
Gianfranco Ferrari, CEO, Credicorp
“Partnering with Credicorp is a natural evolution for Helm Bank. Credicorp’s financial strength, trusted reputation, and client-centric philosophy provide a solid foundation for our next chapter. Together, we are well-positioned to expand our impact and deliver greater value to the communities we serve, both in the United States and across Latin America.”
Mark Crisp, President and CEO, Helm Bank
