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.
The Federal Emergency Management Agency recently awarded more than $194 million in additional Public Assistance grants for Hurricane María recovery in Puerto Rico.
Nonprofit microfinance organization Grameen Puerto Rico is bringing together leading financial institutions and other partners to galvanize investment in local low-income women entrepreneurs in the wake of the devastation caused by Hurricane María last year.