OFG Bancorp reports Q3 results, expands mortgage servicing portfolio
October 17, 2024
The bank’s net income available to common stockholders was $47 million. #NewsismyBusiness
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MCS Classicare repeats as Puerto Rico’s only 5-Star rating health insurer
October 16, 2024
MCS Classicare is now the largest five-star Medicare Advantage plan in the United States and Puerto Rico. #NewsismyBusiness
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Banco Popular subsidiary receives $40M allocation from U.S. Treasury
October 14, 2024
The funds will be used to enhance services to low-income communities in Puerto Rico, New York and Florida. #NewsismyBusiness
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Puerto Rico Bankers Assoc.: Study shows sector’s solid financial health
October 2, 2024
A V2A Consulting study found strong asset quality and capitalization in local banks, which are also driving socioeconomic development. #NewsismyBusiness
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Caribe Federal Credit Union expands with Universal Coop merger
September 24, 2024
Caribe Federal added two branches and increased membership to 58,000. #NewsismyBusiness
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Banco Popular launches financial education guide for schools
September 4, 2024
The initiative falls under its “Finanzas en Tus Manos” program. #NewsismyBusiness
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Banesco USA reports $11M in Q2 net income
August 27, 2024
The bank achieved 17% asset growth, 18% loan growth and 27% deposit growth. #NewsismyBusiness
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Inclusiv, Adrian Dominican Sisters invest in Puerto Rican cooperative Jesús Obrero
August 16, 2024
The partnership supports climate resiliency and economic growth in under-resourced communities. #NewsismyBusiness
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Puerto Rico EDB, Banco Popular approve $2.6M for La Parrilla Argentina’s expansion
August 9, 2024
The collateral support loans under the Boost Your Business program are for construction and equipment financing for the new Bayamón location. #NewsismyBusiness
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Popular Inc. reports $178M in Q2 net income, up $26M YoY
July 25, 2024
The financial institution also saw quarter-over-quarter growth, as it reported $103.3 million for the quarter ended March 31, 2024. #NewsismyBusiness
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First BanCorp. reports $76M in Q2 net income, opens $250M stock buyback
July 24, 2024
First BanCorp.’s board of directors approved a quarterly cash dividend of $0.16 per share on its outstanding common stock. #NewsismyBusiness
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OFG Bancorp reports $179.4M in Q2 core revenue
July 19, 2024
During the quarter, OFG also moved ahead with its share buyback program, implementing close to the $50 million approved by its board. #NewsismyBusiness
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Banco Popular de Puerto Rico sues Romark Global Pharma for $9.2M
July 15, 2024
Romark established its operation in Puerto Rico in 2019. #NewsismyBusiness
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Puerto Rico’s credit unions maintain asset quality despite economic uncertainty
June 27, 2024
The Credit Union Industry Financial Stability Index, prepared by Estudios Técnicos, reflects improvement in 2024. #NewsismyBusiness
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Urbital and VIG Mortgage partner to launch ‘new era’ in Puerto Rico real estate
June 10, 2024
The alliance promises faster property transactions with a fully digitalized mortgage process. #NewsismyBusiness
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