July 29, 2015 Daily Business Review published a special report on Cuba
focusing on the announcement that Pompano Stonegate Bank will act as the
official bank of the Cuban Government. The Pompano Stonegate Bank
issued a statement to inform the public that at the request of the U.S.
Department of State the Bank reached an agreement with the government of
Cuba to provide banking services to the Cuban Interest Section in
Washington as well as to its employees. The DBR special report includes
analysis from several bank and legal experts regarding the reasons for
the need for a U.S. bank to act as the official bank for the Cuban
government as well as the risks involved. James Meyer was quoted as
stating: “It’s an incredible opportunity. To be the first anything in
Cuba is going to have an inestimable value in terms of marketing and
exposure. Yet there’s a lot of risk and controversy.”

For the full article, go to the DBR site at: