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March 31, 2015 7:00 PM ET


Company Overview of Banco Popular de Puerto Rico, Inc.

Company Overview

Banco Popular de Puerto Rico, Inc. operates as a commercial bank that provides retail and commercial banking services to corporate, and small and middle size businesses in Puerto Rico. It offers deposit accounts, certificates of deposit, account management services, individual retirement accounts, and financial advice for both individual and commercial customers. The company also offers consumer lending, auto and lease financing, and residual mortgage loan originations services. In addition, it provides trust and asset management, brokerage and investment banking, and insurance and reinsurance services. The company was founded in 1893 and is headquartered in Hato Rey, Puerto Rico. Banco Popu...

209 Muioz Rivera Avenue

Popular Center

Suite 913

Hato Rey, PR 00918

United States

Founded in 1893





Key Executives for Banco Popular de Puerto Rico, Inc.

Chairman, Chief Executive Officer, and President
Age: 61
Chief Financial Officer and Director
Age: 81
Senior Vice President and Head of Consumer Lending
Secretary and Director
Age: 77
Director and Consultant
Compensation as of Fiscal Year 2014.

Banco Popular de Puerto Rico, Inc. Key Developments

Federal Reserve Board Announces Approval of Applications by Banco Popular de Puerto Rico

The Federal Reserve Board announced its approval of the applications by Banco Popular de Puerto Rico, Hato Rey, Puerto Rico, to acquire certain assets and assume certain liabilities from Doral Bank, San Juan, Puerto Rico, pursuant to section 18(c) of the Federal Deposit Insurance Act; and establish and operate branches at the locations of the acquired branches of Doral Bank, pursuant to section 9 of the Federal Reserve Act.

Banco Popular de Puerto Rico Presents at BAI Retail Delivery Conference, Nov-05-2013 through Nov-07-2013

Banco Popular de Puerto Rico Presents at BAI Retail Delivery Conference, Nov-05-2013 through Nov-07-2013. Venue: Denver, Colorado, United States. Presentation Date & Speakers: Nov-05-2013, Francisco Maldano, Senior Vice President and Manager of Commercial Loans, Operations. Nov-07-2013, Rachid Molinary, Vice President.

Banco Popular de Puerto Rico Reports Unaudited Net Interest Income Results for the First Quarter Ended March 31, 2013

Banco Popular de Puerto Rico reported unaudited net interest income results for the first quarter ended March 31, 2013. Net interest income amounted to $304.9 million for the quarter ended March 31, 2013, compared with $309.1 million for the previous quarter. The decrease was mainly related to the impact of fewer days on the commercial loans and the previously discussed effect of the covered loan portfolio. This decrease was partially offset by a 5 basis points reduction in the cost of interest-bearing deposits.

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Recent Private Companies Transactions

March 11, 2015
Doral Financial Corporation
February 27, 2015
Doral Bank, Inc., Certain Assets and All Deposits
February 27, 2015
Banco Popular de Puerto Rico, Inc., Ten Branches in Puerto Rico

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