Popular launches Mi Banco ‘app’ for Android devices
November 5, 2012
Six months after introducing its mobile banking application for the iPhone and iPod touch, Banco Popular de Puerto Rico announced the launch of the version for Android devices.
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OFG looking to raise some $45.7M through stock sale
October 26, 2012
Oriental Financial Group Inc. announced Thursday it is looking to raise some $45.7 million from the sale of 4,390,243 shares of its common stock at a price of $11.10 per share.
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OFG posts $14.7M in 3Q profit; announces stock offering
October 25, 2012
Oriental Financial Group Inc. released third quarter results Wednesday, reporting $14.7 million in profits — representing a 7 percent increase from the preceding quarter and a 5.5 percent drop from the same year-ago, three-month period.
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FirstBank gets high marks for personalized service
October 25, 2012
Over the past year, FirstBank has been in pursuit of offering personalized services to its Puerto Rico customer base.
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Bankers Association marks decade of community reinvestment
October 2, 2012
The Puerto Rico Bankers Association this week will celebrate 10 years of the local banking industry’s contribution and impact on the development of the island’s communities with a series of educational events during “Community Reinvestment Week 2012,” organization officials said Monday.
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FirstBank Puerto Rico in ‘expansion mode’ in Florida
September 28, 2012
FirstBank Puerto Rico is aggressively expanding its footprint in Florida, where it plans to open three new branches before year’s end, Calixto García-Vélez, regional executive for the financial institution’s Florida region confirmed Thursday.
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Popular launches partial guarantee loan option
September 21, 2012
Banco Popular de Puerto Rico launched Thursday what may be a first for the island’s commercial banking sector: giving consumers the option to put their savings up as partial collateral when applying for a personal loan.
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Doral enters into agreement with Federal Reserve
September 13, 2012
Doral Financial Corporation and the Federal Reserve Bank of New York entered into an agreement Thursday requiring the financial institution to abide by a number of conditions to improve its credit risk management and administration practices.
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Gov. Fortuño signs foreclosure mediation law
August 21, 2012
Despite intense last minute lobbying by Puerto Rico's banking sector, Gov. Luis G. Fortuño has signed a law requiring that all foreclosure proceedings of a primary residence include compulsory mediation. The law is effective in July 2013.
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Signing deadline looms for bill mandating foreclosure mediation
August 16, 2012
A bill establishing mandatory mediation in foreclosures of a primary residence seemed a shoe-in for the governor's signature, but now the anticipated outcome is not so certain.
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Doral loses $1.6M in 2Q ’12, signs consent decree with regulators
August 9, 2012
Doral Financial Corporation, parent company of Doral Bank, lost $1.6 million during the second quarter ended June 30, and announced it entered into a Consent Order with the Federal Deposit Insurance Corporation and the Office of the Puerto Rico Commissioner of Financial Institutions Wednesday.
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Reliable Auto marks silver anniversary in Puerto Rico
August 7, 2012
Reliable Auto, a financial services institution with $342 million in assets, is marking its 25th anniversary in Puerto Rico, where it has experienced steady growth by adapting to the market.
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First BanCorp. reports $9.4M in 2Q profit, beating estimates
August 1, 2012
First BanCorp. reported better-than-expected second quarter results Tuesday, taking in $9.4 million in net income, a significant improvement over the $14.9 million net loss reported for the same year-ago quarter. The current results are also positive in comparison to the $13.2 million net loss reported during the first quarter of this year.
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Oriental reports $13.8M in 2Q profit
July 24, 2012
Oriental Financial Group reported Monday $13.8 million in profits for the second quarter ended June 30.
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Popular reports $65.7M in 2Q net income
July 19, 2012
Popular Inc. reported Wednesday net income of $65.7 million for the second quarter ended June 30, 2012, compared with $48.4 million in net income during the prior trimester ended March 31.
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