Banesco USA announces $3.9B in assets for 1Q
June 5, 2024
Over the last 12 months ending first quarter 2024, Banesco USA has granted $212.8 million in ECIP loans in Puerto Rico. #NewsismyBusiness
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‘Smooth sailing’ for Popular Campus development in Hato Rey
June 4, 2024
Construction of the Popular Campus complex in Hato Rey entails a $300 million investment. #NewsismyBusiness
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FirstBank OKs $31M in refinancing to Hipódromo Camarero
May 22, 2024
Camarero will use the funding to continue its uninterrupted operations. #NewsismyBusiness
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Overdraft/NSF fee cuts save consumers $6B, banks lose revenue
May 13, 2024
Puerto Rico banks such as Banco Popular, FirstBank and Oriental Bank have moved to reduce or eliminate overdraft/NSF fees in recent years. #NewsismyBusiness
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Popular Inc. names new president and CEO
May 13, 2024
Ferrer was also named President of Popular Inc.’s two banking subsidiaries. #NewsismyBusiness
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MCS, MCS Foundation get top award from Salvation Army Puerto Rico
May 8, 2024
The MCS Foundation has extended its financial support to the Salvation Army Puerto Rico and USVI Division, with more than $200,000 in donations over the last five years. #NewsismyBusiness
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Puerto Rico ‘outpacing, outperforming’ Banesco USA’s mainland business
April 25, 2024
Banesco USA named Maritza Abadía as the island’s only woman president of a local bank. #NewsismyBusiness
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First BanCorp. reports $73.5M in Q1 net income
April 24, 2024
The financial institution plans to continue investing in technology to improve customer-facing services as well as internal processes. #NewsismyBusiness
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Popular Inc. reports $103M in net income for Q1, down $55M Y-O-Y
April 24, 2024
The latest results include an after-tax impact of $9.1 million related to the FDIC Special Assessment in November 2023. #NewsismyBusiness
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OFG Bancorp reports $174M in core revenues in 1Q
April 19, 2024
In a call with reporters, Oriental’s CEO said because of its different strategies, its customer base increased by 3% year over year. #NewsismyBusiness
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MCS partners with Puerto Rico Medical Hall of Fame to honor physicians
April 19, 2024
MCS is seeking new mentoring opportunities for medical students and resident physicians. #NewsismyBusiness
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CUNA Mutual Group completes transition to TruStage in Puerto Rico
April 16, 2024
The company announced the process of changing its name as part of its “move toward the future at the service of Puerto Rican credit unions.” #NewsismyBusiness
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Federal Home Loan Bank discusses membership eligibility of Puerto Rico co-ops
April 5, 2024
This clarity provided by the FHFA makes it easier for Puerto Rican cooperatives to access financial services and stability. #NewsismyBusiness
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Banesco USA reports $25.3M, $3.8B in assets for 4Q
February 23, 2024
The bank’s loan growth was driven largely by its commercial banking clients throughout the communities it serves in South Florida and Puerto Rico. #NewsismyBusiness
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Cooperativa de Seguros Múltiples sets ambitious goals for 2024
February 12, 2024
The Puerto Rican insurer surpassed its 2023 targets. #NewsismyBusiness
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