Two weeks after picking up the majority of the assets of the failed Doral Bank, Popular Inc. is reviewing the six corporate social responsibility programs the former institution had going, which benefited hundreds of Puerto Rico residents over the years.
First BanCorp., the bank holding company for FirstBank Puerto Rico, announced Thursday the reversal of a significant portion of the valuation allowance recorded against the deferred tax assets of its subsidiary bank, FirstBank.
Less than two weeks after the Federal Deposit Insurance Corp. ordered the closing of its banking arm, Doral Financial Corp. announced Wednesday that it has filed for chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York.