Banco Popular adds 40K new clients in the year since Hurricane María hit
October 4, 2018
Banco Popular added 40,000 new clients, as other financial institutions opted to close branches after Hurricane María tore through the island last year.
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Popular gets regulatory clearance to buy Wells Fargo’s auto finance business in P.R.
July 6, 2018
Nearly five months after announcing its intention to buy Wells Fargo’s auto lending business in Puerto Rico — which does business as Reliable Auto — Popular Inc. confirmed it has completed the regulatory clearance process needed to close the deal.
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Popular makes regulatory filing to acquire Reliable Financial’s assets
June 5, 2018
Four months after announcing it had agreed to acquire Wells Fargo’s auto finance business in Puerto Rico, which operates as Reliable Financial Services Inc., Banco Popular de Puerto Rico confirmed it has filed a notice with the Federal Reserve System to close the deal.
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Popular announces early termination of FDIC Shared-Loss Agreements
May 24, 2018
Popular Inc. announced that, on May 22, its subsidiary Banco Popular entered into a Termination Agreement with the Federal Deposit Insurance Corp.
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Banco Popular Foundation, Hispanic Federation to reward ‘Big Ideas’
March 21, 2018
They say that times of crisis ignite the spark of creativity and elicit the best ideas. With this in mind, the Banco Popular Foundation and the Hispanic Federation announced the launch of the “Puerto Rico Big Ideas Challenge,” a contest of innovative ideas with a social impact with awards of up to $1.5 million.
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Banco Popular opens call for 1st ‘StartUp Popular’ program of ’18
March 2, 2018
Since 2016, StartUp Popular has been supporting business owners in Puerto Rico through financing, business coaching and networking events.
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Popular picks up Reliable Financial Services for $1.7B
February 15, 2018
Banco Popular de Puerto Rico has agreed to acquire Wells Fargo & Company’s auto finance business in Puerto Rico, which operates as Reliable Financial Services Inc. and Reliable Finance Holding Company, for $1.7 billion, the financial institution announced.
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Popular Business Solutions relaunched to support entrepreneurs
February 8, 2018
Popular Business Solutions, a set of tools that make it easier for merchants to manage their businesses on a daily basis has been relaunched, bank officials announced.
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Some 300K customers took moratoriums on Banco Popular credit products
February 2, 2018
An estimated 300,000 Banco Popular customers participated in Banco Popular de Puerto Rico’s loan moratorium program, which included personal, auto, leasing, and mortgage loans, as well as credit cards, bank officials said Thursday.
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Eloan relaunches targeting consumers seeking ‘simpler, smarter lending’
January 31, 2018
Two decades after pioneering in the digital banking solutions arena, online financial services platform Eloan is being relaunched to provide a “simpler and smarter” personal loans product at competitive rates, company officials said.
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Popular reports $102.2M net loss in 4Q17 related to Tax Cut and Jobs Act
January 24, 2018
Popular Inc. reported a net loss of $102.2 million for the quarter ended Dec. 31, 2017, compared to a net income of $20.7 million for the prior reflecting a non-cash income tax expense of $168.4 million due to the impact of the Federal Tax Cut and Jobs Act in the corporation’s U.S. deferred tax asset.
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Popular Inc. loses $75.5M in 3Q17 due to hurricanes
November 1, 2017
Popular Inc. reported a net income of $20.7 million for the third quarter ended Sept 30, 2017, compared to a net income of $96.2 million for the quarter ended June 30, 2017.
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73% of PR banks open 5 weeks after María’s devastation
October 26, 2017
Five weeks after Hurricane María pummeled Puerto Rico, about 72.6 percent of local bank branches, or 228, have resumed operations, according to data from the Office of the Financial Institutions Commissioner.
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Local banks give clients 3-month reprieve on payments
September 27, 2017
Two of the island’s major banks, Banco Popular and FirstBank, stepped up Tuesday to help consumers during the hurricane-invoked emergency, offering three-month moratoriums a number of payments, including on mortgages and credit cards.
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PR banks announce Sept. 26 limited schedules
September 26, 2017
Three of the island’s largest banks announced their operating schedules for Tuesday, when limited service will be offered throughout Puerto Rico.
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