A bank with Cuban American roots in Miami has recently started handling the bank accounts for the Cuban Embassy in Washington, D.C., and the Cuban mission at the United Nations in New York.
First American Bank began handling the accounts in June, according to John Kavulich, the U.S.-Cuba Trade and Economic Council president. First American, with headquarters in Illinois, expanded its presence in South Florida after acquiring Miami’s Continental Bank in 2019.
Continental Bank was the first Cuban-American-owned bank in the United States, founded in 1974 by Carlos Dascal, who fled Fidel Castro’s revolution in 1961.
