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Banco de Ponce. Banco de Ponce's main office, in downtown Ponce (above), was built in 1924, seven years after the bank was founded. Banco de Ponce was the Puerto Rican bank with the largest number of branches in the United States and second largest bank in deposits and number of branches in Puerto Rico during the twentieth century.
Popular, Inc., doing business as Banco Popular in Puerto Rico and the Virgin Islands and as Popular Bank in the mainland United States, is a financial services conglomerate that has operated in Puerto Rico for over 125 years and in the mainland United States for over 52 years. In recent years, it has expanded into other areas of the Caribbean ...
David H. Chafey Jr. is a business executive and the current chairman of the board of the Puerto Rico Government Development Bank. Before the GDB, Chafey was the Chief Operating Officer of Popular, Inc. and former President of Banco Popular de Puerto Rico. Chafey is a member of the Caribbean Business Hall of Fame in recognition of him being ...
The Government Development Bank for Puerto Rico ( GDB) — Spanish: Banco Gubernamental de Fomento para Puerto Rico ( BGF )— is the government bond issuer, intragovernmental bank, fiscal agent, and financial advisor of the government of Puerto Rico. [1] [2] The bank, along with its subsidiaries and affiliates, serves as the principal entity ...
Rafael Carrión Sr. Rafael Carrión Sr. (January 3, 1891 – March 26, 1964), the patriarch of one of Puerto Rico's financial dynasties, was one of the founding fathers [1] [2] of Banco Popular de Puerto Rico, the largest bank in Puerto Rico and the largest Hispanic bank in the United States. [3]
The Office of the Commissioner of Financial Institutions of Puerto Rico —in Spanish: Oficina del Comisionado de Instituciones Financieras ( OCIF )—is an office of the Department of Treasury of Puerto Rico that supervises and regulates Puerto Rico's financial sector to ensure its safety and soundness, as well as to oversee a strict adherence ...
On August 13, 1898, the Spanish–American War ended with Spain ceding Puerto Rico to the United States. The Banco Español de Puerto Rico was renamed Bank of Puerto Rico and issued bills equivalent to the United States dollar, creating the Puerto Rican dollar. In 1902, the First National Bank of Puerto Rico issued banknotes in a parallel manner.
The Economic Development Bank for Puerto Rico —Spanish: Banco de Desarrollo Económico para Puerto Rico (BDE)— is a government-owned corporation of Puerto Rico that provides loans, loan guarantees, and funds to private organizations whose economic activities have the effect of replacing imports in Puerto Rico. The Bank was established by ...
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