The impact of the back-to-back hurricanes — Irma and María — on the island has pushed Puerto Rico to “finally hit bottom,” said José Rafael Fernández, CEO of Oriental Financial Group Wednesday, upon announcing the bank’s third quarter results.
Popular Community Bank, the principal U.S. mainland operating subsidiary of Popular Inc., announced the official launch of its private banking division, Popular Private Client.
More than half, or 57 percent of Puerto Rico’s bank branches islandwide are offering services, Puerto Rico Bankers Association Executive VP Zoimé Álvarez-Rubio said.