This week's Corporate Ladder includes a number of high-ranking executive appointments at several Puerto Rico companies.
Popular Inc. reported a first quarter loss of $120.3 million that reflected some $189.6 million in after-tax losses and adjustments related to the sale of a bad loan portfolio and other assets.
E-Loan, a wholly owned subsidiary of Popular Inc., announced Tuesday the “Wish and Win” Facebook sweepstakes, giving away $15,000 in personalized prizes to “help fans’ financial dreams come true.”
The Federal Reserve Bank of New York announced Friday that Popular Inc. President Richard Carrión has been elected a Class A director for a three-year term representing Group 1 which consists of banks with capital and surplus of more than $1 billion.
Popular Inc. reported net income of $83.9 million for the quarter ended Dec. 31, 2012, nearly twice the $47.2 million in net income reported for the prior quarter ended Sept. 30, 2012.
Evertec Group, LLC has received a 15-year tax grant from the Puerto Rico government under the Tax Incentive Act 73 of 2008, in exchange for several long-term commitments including a $200 million investment during the life of the benefit, company officials said.
Popular Community Bank and Banco Popular de Puerto Rico celebrated 11 years of participation in The Points of Light Foundation & USA Weekend Today’s “Make A Difference Day” held Saturday.
Popular Inc.’s stateside subsidiary, Popular Community Bank, announced Tuesday the launch of its mobile banking application for iPhone and Android devices, which offers special features for small and mid-size business owners and their staff to manage finances from virtually anywhere.
Popular Inc. reported Wednesday net income of $65.7 million for the second quarter ended June 30, 2012, compared with $48.4 million in net income during the prior trimester ended March 31.
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.
Evertec Inc. last week announced changes in leadership as it finalizes its transition to a stand-alone company, independent from Popular Inc.
Popular Inc. reported net income of $3 million for the quarter ended Dec. 31, 2011, compared with net income of $27.5 million for the quarter ended Sept. 30, 2011, and a net loss of $227.1 million for the quarter ended Dec. 31, 2010.
Popular Inc. sailed through its third consecutive quarter on the positive side, reporting $27.5 million in net income for the three-month period ended Sept. 30. The results were fueled by the sale of its non-performing loan portfolio and investment securities available-for-sale.
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