Encouraged by the progress shown by its U.S. mainland operation and by the strength of its Puerto Rico franchise, Popular Inc. reported Monday net income of $85 million for the first quarter ended Mar. 31, 2016, compared to net income of $137.4 million and an adjusted net income of $98.3 million for the quarter ended Dec. 31, 2015.
The Federal Home Loan Bank of New York announced Thursday it has awarded $27.1 million in subsidies to fund 35 affordable housing initiatives throughout New Jersey, New York, Connecticut, Maryland and Pennsylvania.
First BanCorp, the bank holding company for FirstBank Puerto Rico reported Wednesday a net loss of $34.1 million for the second quarter of 2015, or $0.16 per diluted share, compared to net income of $25.6 million, or $0.12 per diluted share, for the first quarter of 2015 and net income of $21.2 million, or $0.11 per diluted share, for the second quarter of 2014.
OFG Bancorp announced Thursday it has been selected to be included in the 2014 Barron’s 400 Index. The index, jointly developed by Barron’s Magazine and stock research firm MarketGrader, measures the performance of the most fundamentally sound and attractively priced stocks.
José Rafael Fernández, president of OFG Bancorp and its subsidiary, Oriental Bank, headed a delegation of company employees and clients, to ring the closing Bell of the New York Stock Exchange Thursday, celebrating the bank’s 50th anniversary and the 20th anniversary of OFG Bancorp’s exchange listing.
A group of Doral Bank employees held a news conference Thursday, urging Gov. Alejandro García-Padilla to stop the government’s “attack” on their workplace, and “save their jobs.”
Popular Inc. announced Monday that Popular Community Bank, its U.S. banking subsidiary, completed the previously announced sale of its Central Florida regional operations to Harbor Community Bank, a wholly owned subsidiary of HCBF Holding Company Inc.
FirstBank recently inaugurated a new branch in Santurce, located at the Plazoleta del Condado, where the former Banco Popular location was until earlier this year.
Global Finance recognized Popular Inc. as one of the “World’s Best Consumer Internet Banks in Latin America” for the fourth time and marking a first, as “Best for Social Media.”
Popular Inc. announced Monday that Popular Community Bank, its U.S. banking subsidiary, completed the previously announced sale of its Illinois regional operations to First Midwest Bank, the wholly owned subsidiary of First Midwest Bancorp Inc.
International financial magazine “Euromoney” has named Santander the “Best Bank in Western Europe, Spain, Mexico and Argentina in its 2014 annual awards.
The Federal Home Loan Bank of New York ("FHLBNY") has begun seeking nominations for directors to serve on its Board for terms starting Jan. 1, 2015, the agency announced in a letter sent to its members Friday.
The economic situation that has enveloped the island in recent years has a direct impact on the lives of thousands of Puerto Ricans. Among the various consequences this situation can generate is that many families have trouble making payments on their debts, including mortgages.
Two days after Doral Financial Corp. disclosed its weakened capital position, Standard & Poor's Ratings Services said Wednesday it lowered its issuer credit rating to 'CC' from 'CCC-' and placed the rating on CreditWatch with negative implications.
The Federal Home Loan Bank of New York released Monday its unaudited financial highlights for the quarter ended Mar. 31, disclosing, among other details, net income for the quarter of $75.4 million.
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