Popular closes purchase of digital assets from Evertec
July 4, 2022
In connection with the transaction, Popular will add some 165 employees and contractors from Evertec.
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Banesco USA looks to benefit Puerto Rico with $250M federal injection
June 29, 2022
Banesco USA received a capital injection from the U.S. Treasury.
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Credit union, Consulate of the Dominican Republic partner to provide financial assistance
May 11, 2022
The Dominican community represents 16% of Puerto Rico’s population.
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Popular to build new $300M corporate campus in Hato Rey
May 4, 2022
The project will be financed through a capital investment made by Banco Popular.
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FirstBank CEO: ‘It’s Puerto Rico’s time to achieve economic growth’
April 29, 2022
First quarter results included $11.3 million in merger and restructuring in connection the bank's acquisition of Banco Santander.
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Popular Inc. reports $212M in 1Q22 net income, down $51M from 2Q21
April 27, 2022
The most recent quarter is compared to the last quarter of 2021, when Popular Inc. reported net income of $206.1 million.
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Oriental Bank reports $136.4M in 1Q22 revenue, up 7% Y-O-Y
April 22, 2022
OFG CEO José Rafael Fernández said the financial institution had a “solid quarter."
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FirstBank launches Business Digital Banking app to offer 24/7 access
April 13, 2022
The app is available for download through Google Play or the App Store.
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FDIC encourages banks to help borrowers in areas affected by severe weather
April 11, 2022
The action responds to the property damage experienced by consumers in Cataño, Dorado, Toa Baja, Vega Alta, and Vega Baja because of the storms that soaked Puerto Rico Feb. 4-6.
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Puerto Rico Bankers Association reinforces anti-fraud educational efforts
April 7, 2022
The PRBA's commercial bank members will support the effort by publishing the campaign on their own social networks.
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FirstBank grants $3.1M financing for construction of Multy Medical Facilities in Ponce
March 31, 2022
Multy Medical Facilities has a 22,000 square-foot rehabilitation unit with three treatment areas.
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Popular Inc. announces $400M common stock repurchase agreement
March 2, 2022
The final settlement of the ASR Agreement is expected to occur no later than the third quarter of 2022.
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Popular buys fintech assets from Evertec for $197M, extends commercial contracts
February 25, 2022
The transaction is expected to close on or about June 30, 2022.
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Popular Inc. reports $206M in 4Q21 net income, up 17% Y-O-Y
January 28, 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 […]
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First BanCorp. reports $281M in net income in ’21, vs. $102M in ’20
January 27, 2022
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 […]
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