Popular Inc. earns $52.9M in 4Q14, banks on recovery
January 23, 2015
Popular Inc. reported net income of $52.9 million for the quarter ended Dec. 31, 2014 on Thursday, when CEO Richard Carrión told analysts that the bank’s “strong market position, significant liquidity, excess capital levels and internal capital generation will continue to be key to our future performance.”
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Fitch affirms ratings for Puerto Rico banks after review
December 5, 2014
Fitch Ratings announced Thursday it completed a peer review of three rated Puerto Rican banks, and affirmed the long-term “Issuer Default Ratings” for Doral Financial Corp. at 'C' and Popular Inc. at 'BB-' and First BanCorp at 'B-.'
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‘The Banker’ names Banco Popular ‘Bank of the Year’
December 3, 2014
Popular Inc. announced Tuesday its banking subsidiary, Banco Popular de Puerto Rico, received the prestigious “Bank of the Year Puerto Rico for 2014” award from The Banker, an international banking magazine published by The Financial Times.
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Popular completes sale of 3rd U.S. mainland region
November 11, 2014
Popular Inc. announced Monday that Popular Community Bank, its U.S. banking subsidiary, completed the previously announced sale of its California regional operations to Banc of California, National Association a wholly owned subsidiary of Banc of California Inc.
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Money mag names Popular Community Bank ‘Best Bank’
November 4, 2014
Popular Community Bank, a subsidiary of Popular Inc., has been included among the “Best Banks” in Money Magazine’s recent survey, which reviewed 70 of the nation’s largest banks for their checking, savings, and CD terms.
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Popular Inc.’s 3Q net income drops 72% year-over-year
October 23, 2014
Popular Inc. reported Wednesday net income of $62.6 million for the third quarter ended Sept. 30, which represents a 72 percent drop when compared to the $229.1 million reported for the same year-ago period.
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Popular Inc. announces new president, executive VP
September 30, 2014
Popular Inc. announced Monday a pair of appointees to its top ranks, namely Ignacio Álvarez as president and COO, and former Government Development Bank President Javier D. Ferrer as executive vice president, general counsel and chief legal officer for Puerto Rico’s largest financial institution.
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Popular Community Bank closes sale of Fla. operations
September 16, 2014
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.
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Popular gets kudos for Internet, social media excellence
August 27, 2014
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.”
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Popular Community Bank closes sale of Illinois branches
August 12, 2014
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.
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Popular Inc. announces sale of $450M in senior notes
June 27, 2014
Popular Inc. announced Thursday it has agreed to sell $450 million of its senior notes, due in 2019, to pay off its Troubled Asset Relief Program debt with the U.S. Treasury.
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Popular Inc. elects 4 directors during annual meeting
May 14, 2014
Popular Inc. announced that during its annual meeting of stockholders held Tuesday, its shareholders approved the election of the four directors nominated for election by the Board of Directors.
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Puerto Rico in hot pursuit of stateside investors
April 25, 2014
Puerto Rico is in hot pursuit of the wealthiest stateside investors, with the public and private sectors banding together to showcase the benefits — both legal and natural — that the island has to offer.
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Popular scaling back stateside opps, earns $86.4M in 1Q
April 24, 2014
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.
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Popular gives clients free ads through new campaign
April 9, 2014
Popular Inc. announced Tuesday a new institutional campaign offering clients who use its Mi Banco services the chance to promote their businesses or entities for free through several outlets, bank officials said.
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