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Banking

Dave Seleski: Cuba’s unlikely banking pioneer

When the history of banking in communist Cuba is written, Dave Seleski, head of Florida-based Stonegate Bank, may well be hailed as a leader who triumphed against the odds.

Dave Seleski-600
Stonegate Bank CEO David Seleski answers five questions about his bankǃÙs historic deals with the Cuban government and a Cuban bank, including how South Florida will benefit from the agreements. Portrait of Seleski taken Friday, July 31, 2015, at Stonegate Bank in Pompano Beach.
Michael Laughlin/Sun Sentinel

Dave Seleski: the go-to businessman for business advice on Cuba

Urbane and well-groomed, career banker Dave Seleski is an unlikely revolutionary. Tiny by US standards, with assets of around $3 billion, Seleski’s Stonegate Bank has found itself in the extraordinary position of being the only US bank to be authorized by both Washington and Havana to do business in Cuba.

The nimble Seleski has, for the moment at least, an effective monopoly on US banking with Cuba; his reward for resolving an issue that had threatened to derail Washington’s diplomatic rapprochement with the Castros.

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