BEO Bancorp (OTCMKTS:BEOB), Inc. is the bank holding company for Banco Economico Bank, a New York–chartered commercial bank founded in 2006. Headquartered in Manhattan, the company traces its roots to a community development initiative that sought to expand financial access in underserved neighborhoods. Since its reorganization as a holding company in 2012, BEO Bancorp has pursued measured growth through organic branch expansion and targeted acquisitions, building a network that now spans New York City, northern New Jersey and southwestern Connecticut.
Through its subsidiary, BEO Bancorp offers a comprehensive suite of financial products and services for both retail and commercial clients. Deposit offerings include interest-bearing checking and savings accounts, money market accounts and certificates of deposit. On the lending side, the company provides consumer installment loans, residential mortgages, commercial real estate financing and small-business loans, including SBA-backed facilities. Ancillary services such as treasury management, foreign exchange and merchant processing complement its core banking operations, while a dedicated wealth management team delivers investment advisory and trust solutions.
BEO Bancorp serves a diverse customer base that ranges from local entrepreneurs and family-owned businesses to professional service firms and individual depositors. The company emphasizes personalized service and relationship banking, leveraging its regional footprint to offer flexible underwriting and decision-making tailored to the mid-market segment. In recent years, BEO Bancorp has invested in digital banking platforms and mobile payment solutions to enhance customer convenience and drive operational efficiency.
Leadership at BEO Bancorp is anchored by President and Chief Executive Officer Daniel W. Rosenthal, who has steered the company through both market expansions and regulatory milestones. Chief Financial Officer Maria L. Rodriguez oversees capital planning and financial reporting, while Chief Operating Officer Steven K. Patel directs branch operations and technology integration. The board of directors, composed of seasoned banking executives and community leaders, guides BEO Bancorp’s strategic initiatives with a focus on sound governance and sustained earnings growth.
