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.
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."
The bank spent 2022 "deploying technology, expanding, and improving our network and investing in people and talent."