28 proposals picked for 1st edition of ‘StartUp Popular’
June 9, 2016
Twenty eight proposals from local entrepreneurs were chosen the winners of the first edition of Popular Inc.’s “StartUp Popular” initiative, which seeks to promote entrepreneurship and the economic development of Puerto Rico, bank officials said Wednesday.
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Popular Community Bank launches ‘Mobile Cash’ service
February 24, 2016
Popular Community Bank, a subsidiary of Popular Inc., has launched “Mobile Cash,” allowing customers to make withdrawals at ATMs using the app from their smartphone.
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Popular earns $895.3M in ’15, $137.4M in 4Q15
January 27, 2016
Popular Inc. reported net income of $137.4 million and adjusted net income of $98.3 million for the quarter ended Dec. 31, 2015, compared to net income of $85.6 million and an adjusted net income of $93.4 million for the quarter ended Sept. 30, 2015.
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Popular’s start-up loan program spurs variety of pitches
January 13, 2016
Puerto Rico's largest bank is putting its money behind start-ups through an innovative program that is already generating some interest among entrepreneurs.
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Popular launches Investor Services Hub in San Juan
November 17, 2015
Looking to cater to a growing number of investors who are discovering the benefits Puerto Rico offers through the Tax Incentives Program promoted by Laws 20 and 22, Banco Popular de Puerto Rico announced Monday the opening of its new Investor Services Hub at Popular Center in San Juan.
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Popular, Oriental reduce exposure to government risk
October 26, 2015
Puerto Rico’s two largest banks — Banco Popular and Oriental — confirmed separately on Friday that they’re working to reduce their exposure to risk associated with the island’s government, which they have financed in different capacities over the years.
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Banking exec: Gov’t must act with ‘conviction, urgency’
July 27, 2015
The Puerto Rico central government is facing pressure to “act with more conviction and with more urgency” to address its dwindling liquidity, crushing debt and anxiety building up over the island’s fiscal problems.
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Popular 1st Puerto Rico bank to unveil Apple Watch app
May 27, 2015
Just a month after the launch of its native application for iPad, Banco Popular announced Tuesday the integration of a new feature that allows customers to check balances and locate branches and ATMs through the Apple Watch, becoming the first financial institution in Puerto Rico to make that function available.
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Popular rolls out new mobile banking services, iPad app
April 21, 2015
Banco Popular de Puerto Rico announced Monday the addition of new free mobile banking services through its “Mi Banco Móvil” platform, including a tailored app for iPad users.
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Popular reviewing Doral’s social responsibility programs
March 16, 2015
Two weeks after picking up the majority of the assets of the failed Doral Bank, Popular Inc. is reviewing the six corporate social responsibility programs the former institution had going, which benefited hundreds of Puerto Rico residents over the years.
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Doral Financial Corp. files for Ch. 11 bankruptcy
March 12, 2015
Less than two weeks after the Federal Deposit Insurance Corp. ordered the closing of its banking arm, Doral Financial Corp. announced Wednesday that it has filed for chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York.
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Popular to manage $5B in former Doral Bank loans
March 3, 2015
Popular Inc., which on Friday picked up the lion’s share of Doral Bank’s assets, announced Monday it won its bid to also take over the mortgage servicing rights on three pools of residential mortgage loans serviced for Ginnie Mae, Fannie Mae and Freddie Mac held by the shuttered bank.
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Popular’s small business loan activity at $280M in ’14
February 11, 2015
Banco Popular officials said Tuesday commercial lending activity for Puerto Rico’s small and mid-sized business segment reached $280 million in 2014, a 25 percent year-over-year increase that shows “an encouraging picture.”
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4 local banks make Forbes’ ‘best in Americas’ list
December 29, 2014
Four Puerto Rico-based banks again made it into this year's “Best Banks in America” ranking released by Forbes magazine, with Oriental Bank receiving the highest rating among its peers.
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Popular gets green light to repay $935M in TARP funds
June 18, 2014
Nearly six years after receiving $935 million from the U.S. Treasury through its Troubled Asset Relief Program, Popular Inc. announced Wednesday it has received the go-ahead from regulators to repay the amount.
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