Intercredit Bank, N.A. Announces Transition to its Digital Model, Pibank

MIAMI--(BUSINESS WIRE)--Mar 31, 2026--

Miami-based Intercredit Bank today announced the next phase in its evolution: a strategic transition to a digital banking model under its brand, Pibank.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260331242773/en/

The transition model it is implementing brings together seamless digital capabilities with dedicated human support.

Pibank was successfully launched in the United States in 2024 and has over $2 billion in assets, a testament to the demand for its product. Intercredit will now unify its operations under the Pibank name, and complete its transformation into a branchless, cashless, digital-first bank by the end of summer 2026.

The strategic shift reflects consumer demand for digital platforms, coupled with the unprecedented success of Pibank since its launch. This operating model and brand alignment means the delivery of a streamlined, technology-driven experience for U.S. customers through Pibank, with the added benefit of personalized service through a dedicated customer support team available seven days a week, from 8:00 a.m. to 8:00 p.m. ET.

The bank will continue providing lending solutions through our experienced team under the Pibank brand, with a focus on small business loans, commercial real estate loans, and residential lending.

“The transition to a fully digital model reflects what we have built to-date through Pibank, and we will now continue to build upon as a digital-first bank with the personalized support of a dedicated team of professionals,” said Francesc Noguera, Chief Executive Officer of Intercredit Bank, who will assume the same title under Pibank. “More importantly, the transition meets the needs of today’s digital banking consumer. We are proud of the strong foundation established by Intercredit Bank, and those roots remain central to our identity as we move forward.”

Pibank continues to provide a digital first digital banking experience without brick-and-mortar locations, while offering highly competitive, high-yield Pibank Savings products nationwide, complemented by attractive small business and commercial lending solutions designed for today’s digital-first customers.

“The success of Pibank in the United States is driven by the dedication and commitment of our team,” Noguera added. “This evolution is built on their work, our values, and our shared vision for what banking should be.”

Additional updates regarding the transition will be shared as the bank progresses toward full implementation in 2026.

For more information, please visit: www.pibank.com

About Pibank US

Pibank is an online financial services organization offering competitive, high-yield savings products. Originally launched as the digital banking brand of Intercredit Bank, the institution is in the midst of a transition to a fully digital, branchless model, expected to be completed by the middle of 2026. The bank will continue providing lending solutions through an experienced team, now under the Pibank brand, with a focus on small business loans, commercial real estate loans, and residential lending. For additional information, visit www.Pibank.com.

 

Pibank Headquarters

WASHINGTON (AP) — U.S. consumer confidence inched higher in March despite soaring energy prices brought on by the war in Iran.

The Conference Board said Tuesday that its consumer confidence index rose modestly to 91.8 in March from 91 in February.

The board said that while rising costs due to tariffs and spiking oil prices induced by the conflict in the Middle East did not affect the topline confidence reading, there was increasing pessimism in other measures of the survey, including expectations of higher inflation.

Respondents’ comments about oil, gas and the war spiked and consumers’ 12-month inflation expectations surged to levels last seen in August 2025 when anxiety over tariffs peaked.

U.S. gas prices jumped past an average of $4 a gallon for the first time since 2022 on Tuesday as the war caused fuel prices to soar worldwide.

According to motor club AAA, the national average for a gallon of regular gasoline is now $4.02 — up more than a dollar before the war began. The last time U.S. drivers were collectively paying this much at the pump was nearly four years ago, following Russia’s invasion of Ukraine.

A measure of Americans’ short-term expectations for their income, business conditions and the job market fell 1.7 points to 70.9, remaining well below 80, a marker that can signal a recession ahead. It’s the 14th consecutive month that reading has come in under 80.

The index for consumers’ assessments of their current economic situation rose by 4.6 points to 123.3.

Government data from earlier in March showed that an inflation gauge closely monitored by the Federal Reserve moved 2.8% higher in January in the latest sign that prices were persistently elevated even before the Iran war caused spikes in oil and gas costs.

Excluding the volatile food and energy categories — which the Fed pays closer attention to — core prices rose 3.1%, up from 3% in the prior month and the highest in nearly two years.

Consumer prices and prices at the wholesale level also remain elevated.

Those higher prices and the prospect of even higher inflation due to the Iran war makes it unlikely that the Federal Reserve will cut interest rates any time soon.

Ray Ruda fills his van with fuel at a gas station Wednesday, March 25, 2026, in Brentwood, Tenn. (AP Photo/George Walker IV)