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.
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.
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.
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.
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.
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).
Oriental Bank President José Rafael Fernández will be chairing the Puerto Rico Bankers Association starting this month, something he described Monday as “a true challenge, but a great opportunity.”
Doral Bank announced Wednesday the 20 winners of this year’s edition of its “Despegue Empresarial” initiative — a component of its Mujeres d Éxito community program — through which it will assign a total of $700,000 to support the professional and economic growth of women in Puerto Rico.
A year after launching “Depósito Fácil” (“Easy Deposit”), a service that allows Banco Popular clients to deposit checks without having to use an envelope or fill out a deposit slip, the financial institution announced Tuesday it will be expanding the number of ATMs enabled to accept those transactions from 10 to 50 by the end of September.
Compulsory insurance provider Point Guard Insurance, which broke into the market two years ago to break the existing monopoly at the time, recently opened a new customer service center in Carolina and remodeled and expanded its Ponce center.
Doral Financial Corporation, which has operations in Puerto Rico and the U.S. mainland, reported Wednesday a net loss of $10.4 million for the three months ended June 30, 2013.
Doral Financial Corp. informed the Securities and Exchange Commission Monday that it was unable to timely file its report for the quarter ended June 30, 2013 because of “a delay in the preparation of its unaudited consolidated financial statements for such quarter.”
Just in time for the start of the new school year, Doral Bank, a wholly owned subsidiary of Puerto Rico-based Doral Financial Corporation, announced Monday it is expanding its financial literacy program for high school students in Bay County, Florida.
In the wake of losing its contract with the government to provide health insurance coverage through the public MiSalud plan, insurer Humana Health Plans of Puerto Rico Inc. announced Thursday it will eliminate 329 jobs from its local operation.
First BanCorp., the parent company for FirstBank Puerto Rico, reported Wednesday a net loss of $122.6 million for the second quarter of 2013, or $0.60 per diluted share, compared to a net loss of $72.6 million, or $0.35 per diluted share, for the first quarter of 2013 and net income of $9.4 million, or $0.05 per diluted share for the second quarter of 2012.
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