Banco Popular is launching today a yearlong celebration of its 30th anniversary of operations in the U.S. Virgin Islands, where it began doing business in 1981 through the acquisition of the assets of the Royal Bank of Canada.
Banco Popular announced Monday it has entered into an agreement with American Airlines Inc. to become the exclusive issuer of AAdvantage co-branded credit cards in Puerto Rico and the U.S. Virgin Islands, and the acquisition of the Citi/AAdvantage co-branded credit card portfolio, which represents approximately $130 million in balances.
For the second year in a row, Banco Popular’s Internet platform has been included among the region’s best performers as per Global Finance’s Best Internet Bank Award 2011 competition. The bank received the organization’s “Best Bill Payment and Presentment” distinction.
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