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Yes, banco is in the scrabble dictionary

...and is worth 12 points by itself.

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banco

interjection

1. Used to announce a bet in certain gambling games.

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noun

1. A bet in certain gambling games for the entire amount the banker offers to accept.

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Here are some other words you could make with the letters banco, you can also
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Top Words by points

Points

Word Game

banco

9

Scrabble

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2 Letters

Scrabble® Points

an

2

ba

4

bo

4

ab

4

on

2

no

2

na

2

3 Letters

Scrabble® Points

oca

5

oba

5

nob

5

nab

5

con

5

cob

7

can

5

cab

7

boa

5

ban

5

4 Letters

Scrabble® Points

banc

8

5 Letters

Scrabble® Points

banco

9

bacon

9

Found 20 words in 0.14702 seconds