BayFirst Financial Closes $94.6 Million Loan Sale to Banesco USA

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BayFirst Financial Corp., parent company of BayFirst National Bank, has completed the sale of $94.6 million in loans to Banesco USA. This transaction follows a strategic review aimed at reducing SBA 7(a) loan balances and strengthening the company's long-term growth prospects. As part of the agreement, Banesco USA will take over servicing of the sold loans. BayFirst also expects to finalize the sale of an additional $4.5 million in loan balances to Banesco USA before the end of the year. The company emphasized its ongoing focus on community banking services in the Tampa Bay region.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bayfirst Financial Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9602656) on December 15, 2025, and is solely responsible for the information contained therein.

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