Banco Santander de Puerto Rico recently received the U.S. Small Business Administration’s platinum award for its participation in the agency’s loan guarantee program for the Puerto Rico/U.S. Virgin Islands region.
The majority of Puerto Rico’s banks will remain closed today, in observance of Memorial Day, resuming operations Tuesday.
The State Insurance Fund recently signed off on a $242 million loan from Banco Santander Puerto Rico to refinance a prior loan that was in default and for ongoing improvements planned at the government agency.