Multy Medical Facilities has a 22,000 square-foot rehabilitation unit with three treatment areas.
The final settlement of the ASR Agreement is expected to occur no later than the third quarter of 2022.
The transaction is expected to close on or about June 30, 2022.
Popular Inc., parent company of Banco Popular de Puerto Rico, reported net income of $206.1 million for the fourth quarter ended Dec. 31, 2021, compared to net income of $176.3 million in the same period in 2020. The financial institution also reported net income of $934.9 million for the year 2021, compared to net income […]
First BanCorp., parent company of First Bank, reported net income of $281 million for the year ended Dec. 31, 2021, compared to $102.3 million for the year ended Dec. 31, 2020. In an interview with News is my Business, First BanCorp. CEO Aurelio Alemán attributed the growth to the completion of the acquisition of Banco […]
SPONSORED POST Popular announced today the launch of a new digital platform where small business owners can apply for loans and lines of credit in an agile and convenient way. The platform includes an innovative, secure system designed so that customers can manage and check the status of their application online at any time, simplifying […]
The confirmation of Puerto Rico’s debt restructuring plan is one of several positive circumstances that is positioning the island for an economic rebound in coming years, but which will require unity between the public and private sectors. José Rafael Fernández, CEO of OFG Bancorp, said Puerto Rico’s economy is already in a “very different situation” […]
Banesco USA announced has been approved to participate in the U.S. Department of the Treasury’s Emergency Capital Investment Program (ECIP), for which it is eligible to receive an investment of up to $237.5 million. With the funds it will be able to increase lending to small and minority-owned businesses, and low- and moderate-income consumers in […]
The Puerto Rican banking industry has continued to strengthen over the past year, supported by an increase in liquidity and the strengthening of asset quality. The Financial Stability Index for Commercial Banks in Puerto Rico, prepared by Estudios Técnicos, Inc., increased to 0.60 in the third quarter of 2021, compared to 0.47 in the same […]
First BanCorp., FirstBank Puerto Rico’s parent company, reported net income of $75.7 million, or $0.36 per diluted share, for the third quarter of 2021, compared to $70.6 million, or $0.33 per diluted share, for the second quarter of 2021, and $28.6 million, or $0.13 per diluted share, for the third quarter of 2020. Financial results […]
OFG Bancorp, parent company of Oriental Bank, reported $41.6 million in net income available to shareholders during the third quarter ended Sept. 30, a 61% improvement from the $25.8 million on record for the same year-ago quarter. The financial institution reported diluted earnings per share of $0.81 during the latest quarter, compared to $0.50 in […]
https://media.blubrry.com/dollarsandsensenewsismybusines/newsismybusiness.com/wp-content/uploads/2021/10/Ignacio-Alvarez-10.21.21.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | RSSPopular Inc., the parent company of Banco Popular de Puerto Rico (BPPR), reported net income of $248.1 million for the quarter ended September 30, 2021, up $79.7 million in comparison to the $168.4 million reported for the same year-ago quarter. “The third quarter was another […]
For more than five years, StartUp Popular has been a promoter of entrepreneurship and the economy of Puerto Rico. The program, which has been dedicated to offering financing, coaching and events to encourage networking among local entrepreneurs, will continue to receive applications. StartUp Popular is designed for entrepreneurs who have a business with two years […]
EDITOR’S NOTE: This post is sponsored by Oriental bank. It has been a hard year for small and medium businesses (SMEs). The COVID-19 pandemic stopped the economy, and SMEs were the first to feel the consequences. Months with little to no activity can have a devastating effect on a business. Luckily, the Small Business Administration […]
Puerto Rico credit unions “have a great opportunity” for expansion with the growing Puerto Rican migratory flow to the US mainland, where they can also grab part of the Hispanic market that does not yet have banking services, according to a study by local analysis firm Estudios Técnicos. Other growth challenges for Puerto Rican credit […]
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