Bananaquits
are the only species in the genus Coereba. However, some 39 subspecies have been proposed. They belong to Group 2 Tanagers the “Typical” Colorful Tanagers the clade Tholospiza.

b) The "Tholospiza" - Darwin's finches, grassquits, atypical honeycreepers and some seedeaters.[19] The finch-like forms in this clade were formerly classified in the Emberizidae:
Genus Geospiza – ground finches (6 species)
Genus
Camarhynchus – tree finches (5 species)
Genus
Platyspiza - Vegetarian Finch
Genus
Certhidea – Warbler Finch
Genus
Pinaroloxias – Cocos Island Finch
Genus
Melopyrrha – Cuban Bullfinch
Genus
Coereba
Bananaquit
Coereba flaveola.
Formerly placed in own family
Coerebidae

Genus
Tiaris – grassquits (5 species) - polyphyletic
Cuban Grassquit, Tiaris canorus
Sooty Grassquit, Tiaris fuliginosus
Dull-coloured Grassquit, Tiaris obscurus
Yellow-faced Grassquit, Tiaris olivaceus
Black-faced Grassquit, Tiaris bicolor

Genus
Loxipasser – Yellow-shouldered Grassquit
Genus
Euneornis – Orangequit
Genus
Melanospiza – St. Lucia Black Finch
Genus Loxigilla – Antillean bullfinches (3 species) - polyphyletic