Popular Inc. confirmed Wednesday it will be scaling back its U.S. mainland operations by divesting its branches in California, Illinois and Central Florida and centralizing certain back office operations in Puerto Rico and New York.
Upon wrapping up what company officials called “a difficult year,” Doral Financial Corp. is looking to reduce its exposure to Puerto Rico’s economic problems by migrating its assets to its U.S. mainland business, company CEO Glen Wakeman said during a Monday afternoon earnings conference call.
Scotiabank is closing its long-time Hato Rey branch, smack in the heart of the Golden Mile, and consolidating it into Scotia Tower on Piñero Ave.
Oriental Bank is kicking off this year’s tax season, when individuals are seeking money management tools to reduce their obligations with the government, with its Diversified Growth IRA (DGI) campaign, a collective investment fund that has yielded positive growth results over the past decade.
The Federal Home Loan Bank of New York announced Wednesday the award of a $400,000 grant to Pathstone, Inc. to help finance the Valle Dorado project, which will construct a new building providing 32 affordable homes for very low-income seniors in Utuado.
Puerto Rico banks will be operating on a special schedule today in observance of the Veterans Day holiday. Following are the schedules for the major banks.
Doral Bank, a wholly owned subsidiary of Doral Financial Corporation, has been recognized by The Bay Education Foundation of Bay County, Fla. for Doral's financial and volunteer support to assist Bay County middle school and high school students to be in a position to pursue a college education.
While it will be business-as-usual for the government and most private sector businesses, Puerto Rico banks will offer special hours today in observance of the Columbus Day holiday.
Banco Santander, armed with the support from the government and members of the academic community, announced Tuesday the launching of the second edition of its U-Work internship program, which this year will benefit 354 college juniors and seniors with real-world work experience.
Gov. Alejandro García-Padilla’s administration confirmed Tuesday that Puerto Rico Government Development Bank President Javier Ferrer tendered his resignation effective July 19.
Santander Puerto Rico unveiled Tuesday its newest offer, dubbed Santander Select, through which it has vowed to extend a personalized experience and preferential access to the bank’s best services.
Banco Cooperativo recently launched its new “Zona Card,” a MasterCard debit card exclusive for the “Z” generation — 16 to 25 year-olds — available at participating credit unions. BanCoop also launched a mobile application that will help clients locate credit unions and ATMs affiliated with the Red Coop24 network.
Popular Mortgage closed 10,000 new mortgages and refinancing loans in Puerto Rico last year, representing about $1.5 billion for the bank that as a result locked down a market share of about 30 percent for 2012, financial institution officials said Thursday.
Moneyhouse, Puerto Rico’s largest private equity lender and frontrunner in reverse mortgage closings, is marking its sixth anniversary with the recent opening of a new branch in Guaynabo, pushing the number of offices to eight in Puerto Rico.
Scotiabank has taken “Global Bank of the Year” honors from The Banker magazine, along with recognition in seven other categories including “Bank of the Year for the American Continent.” It is the first time a Canadian bank receives recognition in these categories.
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