Banesco USA sues Mayagüez animal feed operator over $6.6M default
January 15, 2025
The dispute stems from two loans Banesco extended to FAPPR in August 2017. #NewsismyBusiness
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Banesco USA reports $15M in net income in Q3
December 6, 2024
Banesco in Puerto Rico reported loan and deposit growth of 26% and 97% respectively over the last 12 months ended Sept. 30, 2024. #NewsismyBusiness
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The Banker magazine names Popular ‘Bank of the year Puerto Rico’
December 6, 2024
This marks the 12th time Popular has received this recognition. #NewsismyBusiness
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Oriental Bank sues 100+ in RICO lawsuit alleging PPP loan fraud
December 3, 2024
The financial institution claims the defendants orchestrated a fraudulent scheme to obtain PPP funds by submitting falsified applications and misusing the proceeds for personal gain. #NewsismyBusiness
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‘Emprende con Popular’ promotes Puerto Rico’s entrepreneurial spirit
December 3, 2024
The initiative will provide access to a portfolio of support organizations, with relevant information and recommendations tailored to the needs of companies. #NewsismyBusiness
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Popular Impact Fund is ‘significant force’ in field of social investment
November 28, 2024
The Popular Impact Fund was created in 2022 to make minority investments in young companies or “start-ups.” #NewsismyBusiness
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Peter Schiff files civil rights suit alleging conspiracy between IRS, OCIF
November 6, 2024
The lawsuit follows years of international scrutiny on Schiff and Euro Pacific Bank, which he founded in Puerto Rico. #NewsismyBusiness
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First BanCorp reports growth in Q3 driven by strong loan performance
October 24, 2024
The bank is also advancing its digital transformation efforts, with more than 60% of its customers now enrolled in digital platforms. #NewsismyBusiness
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Popular Inc. reports lower Q3 earnings amid rising loan growth, provision costs
October 24, 2024
The rise in provisions was largely driven by loan growth and changes in credit quality trends, particularly in the auto loan segment. #NewsismyBusiness
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OFG Bancorp reports Q3 results, expands mortgage servicing portfolio
October 17, 2024
The bank’s net income available to common stockholders was $47 million. #NewsismyBusiness
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Banco Popular subsidiary receives $40M allocation from U.S. Treasury
October 14, 2024
The funds will be used to enhance services to low-income communities in Puerto Rico, New York and Florida. #NewsismyBusiness
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Puerto Rico Bankers Assoc.: Study shows sector’s solid financial health
October 2, 2024
A V2A Consulting study found strong asset quality and capitalization in local banks, which are also driving socioeconomic development. #NewsismyBusiness
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Caribe Federal Credit Union expands with Universal Coop merger
September 24, 2024
Caribe Federal added two branches and increased membership to 58,000. #NewsismyBusiness
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Banco Popular launches financial education guide for schools
September 4, 2024
The initiative falls under its “Finanzas en Tus Manos” program. #NewsismyBusiness
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Banesco USA reports $11M in Q2 net income
August 27, 2024
The bank achieved 17% asset growth, 18% loan growth and 27% deposit growth. #NewsismyBusiness
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