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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. [1]
History. Instituto de Banca y Comercio was founded by Fidel Alonso-Valls in 1974 in the city of San Juan, Puerto Rico, where it only had two classrooms and 15 students. Initially, it was an institution specialized in preparing tellers for the banking industry in Puerto Rico. Hence its original name, International Banking School.
Doral Financial Corporation was a Puerto Rico based diversified financial services company founded in 1972. [5] In 1999 it established its first branch in New York. [6] Through its wholly owned subsidiaries, Doral Financial offered a variety of banking and insurance agency activities in Puerto Rico and the United States.
The R & G Financial Corporation (commonly known as RG Financial or R-G Financial) was a financial holding company located in San Juan, Puerto Rico. On April 30, 2010, its bank failed and its deposits and assets were seized by the Federal Deposit Insurance Corporation (FDIC). Its deposits and assets were subsequently sold to Scotiabank.
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 ...
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.
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 Banco Crédito y Ahorro Ponceño building (or Banco Crédito, for short), a historic building in Ponce, Puerto Rico, was the first and main office of the historic Banco Crédito y Ahorro Ponceño (English: Ponce Credit and Savings Bank ), and represents one of the last examples of the once popular turn-of-the-century eclectic architecture.