Credicorp announced that its subsidiary, Banco de Crédito del Perú (BCP), has signed an agreement to acquire 100% of the issued and outstanding shares of Helm Bank USA for $180 million, with the amount subject to the customary closing price adjustment.
“We believe this transaction strengthens Credicorp’s strategy to enhance its cross-border capabilities to serve clients with international operations and reinforces our ability to meet the growing needs of Latin American clients, while preserving Helm Bank’s legacy as a community-focused institution,” the company said in a statement.
As of September 30, 2025, Helm Bank, an entity authorized to operate in the state of Florida (United States), had $1,141.8 million in assets and $106.8 million in equity.
“This acquisition allows us to deepen our ability to serve Latin Americans whose financial lives span both their home countries and the United States,” said Gianfranco Ferrari, CEO of Credicorp.
“We believe 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,” he added.
“Partnering with Credicorp is a natural evolution for Helm Bank,” said Mark Crisp, President and CEO of Helm Bank.
“Credicorp’s financial strength, trusted reputation, and client-centered philosophy provide a solid foundation for our next chapter. Together, we are well-positioned to amplify our impact and deliver greater value to the communities we serve, both in the United States and Latin America.”
The completion and closing of the transaction are subject to customary closing conditions, including regulatory approvals in both the United States and Peru.
Credicorp is Peru’s leading financial services holding company, with a presence in Chile, Colombia, Bolivia, Panama, and the United States. Credicorp has a diversified portfolio of businesses, organized into four main lines: Universal Banking, through BCP and Banco de Crédito de Bolivia; Microfinance, through Mibanco in Peru and Colombia; Insurance and Pension Funds, through Grupo Pacífico and Prima AFP; and Investment Management and Advisory, through Credicorp Capital, Wealth Management at BCP, and ASB Bank Corp. Additionally, Credicorp complements its operations through Krealo, its corporate venture capital investment arm.
Banco de Crédito del Perú serves over 18 million clients and has a national network. The bank also operates internationally through its BCP Miami Agency, strengthening its regional presence.
Founded in 1989, Helm Bank USA is a community bank incorporated in the state of Florida, authorized to operate there by the Florida Office of Financial Regulation (OFR). It is supervised by the OFR and is a member of the Federal Deposit Insurance Corporation (FDIC), which insures its clients’ deposits.
