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November 27, 2015 7:45 PM ET


Company Overview of Banco Popular de Puerto Rico

Company Overview

Banco Popular de Puerto Rico provides retail and commercial banking products and services to corporate, and small and middle size businesses. It offers various deposit products; and commercial, construction, and residential mortgage loans, as well as consumer loans, such as personal loans, credit cards, home equity lines of credit, personal credit lines, and overdraft protection. The company also provides finance and advisory, trust and asset management, securities brokerage and investment banking, and insurance and reinsurance services, as well as engages in the vehicle and equipment financing, leasing, and rental activities. As of December 31, 2014, it operated 168 branches and 602 ATMs in...

209 Muñoz Rivera Avenue

Hato Rey, PR 

United States

Founded in 1893

Key Executives for Banco Popular de Puerto Rico

Chairman, Chief Executive Officer, and President
Age: 62
Chief Financial Officer and Director
Age: 82
Senior Vice President and Head of Consumer Lending
Secretary and Director
Age: 78
Director and Consultant
Compensation as of Fiscal Year 2015.

Banco Popular de Puerto Rico Key Developments

Banco Popular de Puerto Rico Reports Earnings Results for the Third Quarter of 2015

Banco Popular de Puerto Rico reported earnings results for the third quarter of 2015. The company’s net income rose to $84.7 million or $0.82 per diluted share from $61.6 million or $0.31 a year ago. Adjusted net income rose to $93.4 million from $90.1 million. Revenue, comprised of net interest income and non-interest income including FDIC loss-share income, rose to $481.8 million from $450.8 million a year earlier.

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.

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