Foley & Lardner LLP served as legal advisor to the shareholders of Helm Bank USA in their agreement to sell 100 percent of the bank to Banco de Crédito del Perú (BCP), a subsidiary of Creditcorp Ltd.
Under the terms of the agreement, BCP will acquire all of the issued and outstanding shares of Helm Bank for $180 million, subject to customary closing conditions and regulatory approvals in the United States and Peru.
Helm Bank, founded in 1989, is a Florida state-chartered community bank that as of the end of September 2025 held a loan portfolio of $648.2 million, total assets of $1.14 billion, and shareholders’ equity of $106.8 million. Helm Bank’s partnership with Credicorp, the leading financial services holding company in Peru with a presence across Latin America and in the United States, will enhance Credicorp’s cross-border capabilities and preserve Helm Bank’s legacy as a community-focused institution.
Foley partners Ruben Diaz and Federico Goudie led the cross-border transactions team which included associates Clay Weinstein, Andrew Del Real, and Miguel Beltran with subject matter support from partners Jordan Bergmann (Tax) and Belinda Morgan (Employee Benefits) and senior counsel David Britton (IP).