After 51 years in New York, Banco Popular, a division of Popular Inc., will become Popular Community Bank on June 4 with signage and related rebranding changes at 32 branches in New York City and seven in New Jersey.
Popular Inc. announced Wednesday that the 1-for-10 reverse split of its common stock, $0.01 par value per share, became effective Tuesday. Banco Popular de Puerto Rico's parent company's common stock is now trading on a split-adjusted basis.
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.