Puerto Rico Bankers Association announces available housing grant funds
February 3, 2023
Funding can be accessed through the Federal Home Loan Bank of New York.
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Ex OBoard chair named to Banesco USA governing body
February 1, 2023
The bank, which has had local presence for 30 years serving the commercial sector exclusively, will likely open two branches in Ponce and somewhere between Mayagüez and Aguadilla.
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First BanCorp. reports $305M in net income for ’22
January 30, 2023
CEO Aurelio Alemán believes "that our organization has ample experience navigating uncertainty and is well equipped to manage rising market challenges going into the next cycle."
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OFG Bancorp reports $608M in ’22 revenue, $168M in 4Q22
January 27, 2023
The bank spent 2022 "deploying technology, expanding, and improving our network and investing in people and talent."
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Popular Inc. earns $1.1B in ’22, up from prior year
January 26, 2023
The bank also reported net income of $257.1 million for the quarter ended Dec. 31, 2022.
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FirstBank gets ‘Bank of the Year’ nod from The Banker
December 5, 2022
The Banker said as part of its criteria for awarding the recognition is the bank's high profitability, among other aspects.
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FV Bank announces launch of digital asset custody service
November 10, 2022
FV Bank has been granted regulatory approval to provide settlements between digital assets and fiat currencies.
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OCIF suspends First Finance’s operations, seeks $1M+ in fines, payments
October 28, 2022
First Finance has been summoned to a hearing at OCIF within 10 days.
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Popular Inc. reports $422M in 3Q22 net income, boosted by Evertec deal
October 27, 2022
Excluding the effects of that transaction, Popular Inc.’s net income for the quarter would have been $195.8 million.
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First BanCorp. reports $74.6M in 3Q22 net income, steady vs. 3Q21
October 26, 2022
The financial institution will mark its 74th anniversary this week.
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Oriental Bank reports $157M in 3Q22 revenue, up $22M Y-O-Y
October 21, 2022
The bank's CEO urged the public sector to "execute" to rebuild Puerto Rico's infrastructure.
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Puerto Rico’s credit unions report increase of $84M in deposits
October 10, 2022
The sector also reported a total of 1.1 million credit union members.
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NY Gov. urges banks to support people, businesses hit by Hurricane Fiona
September 26, 2022
New banking guidance unveiled to ease financial burdens, including waiving ATM fees, expediting money transmission, and waiving late fees.
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PR Legal Aid urges mortgagers to adopt domestic violence protocol
September 14, 2022
"There is a very direct link between domestic violence and the risk of losing a home,” said Ariadna Godreau, executive director of the nonprofit.
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OCIF shuts down Athena Bitcoin’s Puerto Rico operations
September 13, 2022
The agency determined Athena’s failure to comply with licensing requirements under Puerto Rico laws.
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