Banco Popular, a subsidiary of Popular Inc., last week celebrated 50 years of service in New York, where it opened its first branch in the Bronx in November 1961. Today, Popular ranks 36th by assets among U.S. banks, the company said.
To mark the milestone, Popular held several customer events at select branches in the Bronx, Brooklyn and Manhattan. Along with the presentation of a Mayoral proclamation, a District proclamation and Borough proclamation were also given to Banco Popular in the Bronx. In Brooklyn, Borough president Marty Markowitz and Assemblyman Felix W. Ortiz’s office presented their own special proclamations to the bank.
“The bank remains committed to nurturing local enterprise in New York and offers a full array of financial services to individuals and businesses that have a personal investment in the local economy,” said Brian Doran, Banco Popular’s New York metro region executive. “Our team members devote hundreds of hours every year mentoring young students, fixing up gardens, painting schools, teaching financial literacy, sponsoring blood drives and many other activities that keep us rooted in our communities.”
In the New York Metro region, which also includes New Jersey, Banco Popular has 39 branches, including 10 branches in Brooklyn, five in the Bronx, 12 in Manhattan, four in Queens, and eight in New Jersey. Over the course of this past year, the bank has conducted over a half dozen branch renovations to stand by its reinvestment and continued commitment to the region.