Banco Popular de Puerto Rico has agreed to acquire Wells Fargo & Company’s auto finance business in Puerto Rico, which operates as Reliable Financial Services Inc. and Reliable Finance Holding Company, for $1.7 billion, the financial institution announced.
As part of its efforts to contribute to the island’s recovery after Hurricane María, Ford Puerto Rico established an alliance with Reliable Auto to make buying new Ford models more accessible.
Reliable Auto held its 12th annual golf tournament, raising $258,000 that were donated by the Reliable Foundation to 16 Puerto Rico nonprofit organizations that work with children, homeless people and pressing social needs.