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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 ...
Its trademark El Banco del Pueblo is Spanish for The People’s Bank. The W Holding Company was a financial holding corporation located in Mayagüez, Puerto Rico. On April 30, 2010, Westernbank, its wholly owned bank subsidiary, failed and its deposits and assets were seized by the Federal Deposit Insurance Corporation and subsequently sold to ...
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 to all applicable laws and regulations.
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 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 ...
Richard Carrión. Richard L. Carrión Rexach (born in November 26, 1952) [1] is the executive chairman of Popular, Inc., the parent company of Banco Popular de Puerto Rico and Popular Bank. Prior to assuming his current position in July 2017, he served as chairman and chief executive officer of Popular, Inc. for over 20 years. [2]
The history of BBVA began in 1857 in Bilbao, a city located in the Basque part of northern Spain, when the Board of Trade promoted the creation of Banco de Bilbao as an issuing and discount bank. [9] Banco de Vizcaya was founded in 1901 and carried out its first operations in Bilbao. Little by little, it spread throughout the country. [9]
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]