FirstBank acting on cleaner balance sheet to push growth
October 31, 2013
On the heels of a good third quarter, FirstBank executives are looking to capitalize on a “cleaner balance sheet” to continue strengthening and growing its franchise on all fronts in Puerto Rico, the U.S. Virgin Islands and South Florida.
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UBS looks to clear the air with clients after SEC decision
October 31, 2013
A day after the Securities and Exchange Commission absolved two of its top Puerto Rico financial advisors of charges of misleading or defrauding customers, UBS Financial Services looked to clear the air with its client base through an extensive letter in which it addressed a number of public allegations regarding its recent business practices.
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Oriental records $16.2M profit in 3Q13
October 29, 2013
OFG Bancorp reported Monday its results for the third quarter ended Sept. 30, which showed income available to common shareholders of $16.2 million, up 10 percent from the $14.7 million reported in the same year-ago quarter.
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Santander Puerto Rico earns 12M euros in 3Q13
October 25, 2013
Banco Santander Puerto Rico reported a profit for the third quarter of 12 million euros and 64 million through September, an increase of 69.8 percent year-over-year.
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Puerto Rico Bankers Assoc. opens call for video contest
October 25, 2013
The Puerto Rico Bankers Association and the New York Federal Reserve Bank announced Thursday the open call for the fifth edition of the “Puerto Rico Financial Awareness Video Contest 2013.”
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First BanCorp earns $15.9M in 3Q13
October 24, 2013
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported Wednesday net income of $15.9 million for the third quarter of 2013, or $0.08 per diluted share, compared to a net loss of $122.6 million, or $0.60 per diluted share, for the second quarter of 2013 and net income of $19.1 million, or $0.09 per diluted share, for the third quarter of 2012.
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Popular submits application to repay $935M TARP funds
October 24, 2013
Popular Inc., parent company of Banco Popular de Puerto Rico, has filed its application to repay the $935 million it owes the U.S. government through the Troubled Asset Relief Program, bank CEO Richard Carrión said Wednesday upon discussing third quarter financial results.
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Santander launches retail banking brand in the U.S.
October 18, 2013
The Santander retail banking brand was launched in the United States Thursday to 1.7 million retail, commercial and small business customers across the Northeast, with the rebranding of Sovereign Bank, company officials announced.
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Banks run special hours for Columbus Day holiday
October 14, 2013
While it will be business-as-usual for the government and most private sector businesses, Puerto Rico banks will offer special hours today in observance of the Columbus Day holiday.
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Puerto Rico Bankers Assoc. marks reinvestment week
October 7, 2013
The Puerto Rico Bankers Association will kick off a new decade of commitment to community development on the island with this week’s celebration of the 11th edition of “Community Reinvestment Week,” Oct. 7-11.
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Church of God Mission Board opens credit union
October 2, 2013
The Church of God Mission Board, the first credit union to establish itself in Puerto Rico in more than a decade, opened recently in the northern town of Dorado, joining the prosperous cooperative movement.
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Oriental’s González takes Fed. Home Loan Bank NY post
September 24, 2013
José Ramón González has resigned as senior executive vice president of banking and corporate development to accept a position as executive vice president of the Federal Home Loan Bank of New York, Oriental Financial Group announced Monday.
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Oriental Mortgage goes after 1st-time homebuyers
September 17, 2013
Aware that buying a home can be daunting, Oriental Mortgage is launching a campaign to help first-time buyers ward off “Adquidofobia,” or buyer’s phobia of signing on the dotted line.
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Oriental looks to add 25K new accounts, boost deposits
September 12, 2013
Oriental Bank is looking to add 25,000 new customers and boost deposits by 3 percent in the next 12 months by offering to reimburse them for the bank fees they pay for using a competitor’s automated teller machine.
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Carrión to remain Popular CEO, Chair after IOC election
September 11, 2013
Popular Inc. announced Tuesday that Richard Carrión will continue as CEO and Chairman of the financial institution after participating as a candidate for president of the International Olympic Committee (IOC).
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