Oriental Bank expands online, mobile capabilities
September 10, 2014
Oriental Bank, a subsidiary of OFG Bancorp, announced Tuesday it is beefing up its Internet and mobile banking services with the launch of “People Pay,” and adding the ability for clients to open accounts online.
chat_bubble0 Comment
visibility3684 Views
Doral, gov’t prolong public war of words over tax dispute
August 27, 2014
Doral Financial Corp. and Puerto Rico government officials were back in the public eye Tuesday, when both parties took to the media to defend their reasons for a collapse in court-ordered negotiations regarding a $229 million tax refund the former is claiming, and the latter rescinded.
chat_bubble0 Comment
visibility3603 Views
Doral, gov’t continue talks on tax refund dispute
August 25, 2014
Despite word that court-ordered talks between the government and Doral Financial Corp. had broken down late Friday, representatives from both parties confirmed negotiations are still on the fate of a $229 million tax refund the bank is claiming from the government.
chat_bubble0 Comment
visibility3143 Views
EDB launches online banking tool for commercial clients
August 22, 2014
The Economic Development Bank unveiled Thursday an online banking tool that allows its commercial clients to apply for loans and follow through on their applications, becoming the first financial institution in Puerto Rico to offer this type of service.
chat_bubble0 Comment
visibility6087 Views
Court orders Doral, Treasury to negotiate tax refund deal
August 12, 2014
The saga between Doral Financial Corp. and the Puerto Rico Treasury Department that began earlier this summer took another turn recently, when a local court ordered the parties to sit down and negotiate an agreement that would grant the bank a $229 million tax refund.
chat_bubble0 Comment
visibility3254 Views
Popular Community Bank closes sale of Illinois branches
August 12, 2014
Popular Inc. announced Monday that Popular Community Bank, its U.S. banking subsidiary, completed the previously announced sale of its Illinois regional operations to First Midwest Bank, the wholly owned subsidiary of First Midwest Bancorp Inc.
chat_bubble0 Comment
visibility3346 Views
Oriental’s check-image deposit transactions exceed $1M
July 17, 2014
Less than a year after launching, Oriental’s check-image deposit service, “FotoDepósito” has generated more than $1 million in transactions from customers using their smartphones to interact with the bank, officials said Wednesday.
chat_bubble0 Comment
visibility4989 Views
Doral sells $824.4M in non-performing assets at discount
July 15, 2014
Doral Financial Corp. announced Monday it had entered into an agreement to sell some $824.4 million in non-performing loans to Abbey Finance Holdings PR, LLC, for a discounted amount of $369 million.
chat_bubble0 Comment
visibility3721 Views
Euromoney magazine names Santander ‘Best Bank’
July 14, 2014
International financial magazine “Euromoney” has named Santander the “Best Bank in Western Europe, Spain, Mexico and Argentina in its 2014 annual awards.
chat_bubble0 Comment
visibility3469 Views
Puerto Rico banks announce July 4th schedules
July 3, 2014
Puerto Rico’s commercial banks will be observing the July 4th Independence Day celebration holiday with special hours Friday, scheduled as follows:
chat_bubble0 Comment
visibility4504 Views
Popular Inc. announces sale of $450M in senior notes
June 27, 2014
Popular Inc. announced Thursday it has agreed to sell $450 million of its senior notes, due in 2019, to pay off its Troubled Asset Relief Program debt with the U.S. Treasury.
chat_bubble0 Comment
visibility2969 Views
Popular gets green light to repay $935M in TARP funds
June 18, 2014
Nearly six years after receiving $935 million from the U.S. Treasury through its Troubled Asset Relief Program, Popular Inc. announced Wednesday it has received the go-ahead from regulators to repay the amount.
chat_bubble1 Comment
visibility3422 Views
Banking regulator OCIF left out of Doral/Treasury accord
June 18, 2014
The Office of the Commissioner of Financial Institutions, Puerto Rico’s banking watchdog, was left out of the talks leading to the agreement through which the Treasury Department approved a $229 million tax refund to Doral Financial Corp., the regulator said Tuesday during a House public hearing.
chat_bubble0 Comment
visibility3889 Views
Doral sues Puerto Rico gov’t over denied $230M refund
June 6, 2014
Doral Financial Corp. filed a lawsuit at the San Juan Superior Court and a Writ for Certification in the Puerto Rico Supreme Court, alleging that the government illegally nullified its agreement to refund the bank nearly $230 million in tax overpayments.
chat_bubble0 Comment
visibility5097 Views
Doral sells $241M in loans to FirstBank; weighs options
June 3, 2014
Doral Financial Corp. announced Monday it has entered into an agreement to sell $242.1 million in loans to FirstBank Puerto Rico through a transaction that closed May 30.
chat_bubble0 Comment
visibility2916 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA