Popular Inc. announced Monday that its stockholders approved a proposed 1-for-10 reverse split of its common stock, which is expected to become effective May 29.
Banco Popular announced Tuesday the launch of its new mobile banking application for the iPhone and iPod touch, which will be available to download for on the Apple App Store, starting Thursday (Apr. 26).
Seven months after Banco Popular 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, the bank announced Wednesday the conversion has been completed.
Banco Popular’s institutional program “Finanzas en tus Manos” (“Your finances in your hands”) rolled into the island municipality of Culebra on its latest stop through an islandwide tour that will blanket 25 towns.
Banco Popular has teamed up with the Puerto Rico Statistics Institute to launch a redesigned version of its “Progreso Económico” report, to make it more visual and take it one step beyond the traditional economic index, bank officials said Wednesday.
If you are one those people who are used to swiping a locally-issued ATM card issued to pay for purchases at stateside retailers, just as you would with cash, you may want to check with your bank whether that option is still available to you.
Banco Popular will host a one-night culinary event that will draw an all-star lineup of chefs from the Caribbean and the U.S. mainland who will showcase their best recipes for eager foodies. The “Ultimate Flavors of the Islands” will take place Jan. 20 from 7 p.m. to 11 p.m. at the recently renovated Frenchman’s Reef and Morning Star Marriott St. Thomas Beach Resort.
Despite the ups and downs it had in 2010, Banco Popular has been selected Puerto Rico’s “Bank of the Year” by “The Banker” magazine, a highly respected publication in circulation since 1926 and run by the Financial Times.
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.
Earlier this month, Banco Popular announced it had 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. On Tuesday, both companies formalized the new partnership, offering details of the benefits now available to cardholders.
Banco Popular recently launched its newest institutional effort through which it seeks to inspire island residents to move forward and pursue their dreams through positive actions.
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.
Los Angeles-based financial research firm B Riley gave Popular Inc. a cautious pat on the back this week, saying the banking institution has “solidified its capital base, and it appears to be turning the corner on asset quality,” following several years of substantial losses.
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