December 26, 2014 8:16 AM ET

Banks

Company Overview of Banco Popular North America, Inc.

Company Overview

Banco Popular North America, Inc. operates as a community bank in the United States. It offers checking and savings accounts, and certificates of deposit; account services, including debit card, net banking, telephone banking, automatic funds transfers, and direct deposits; credit and gift cards; loans, such as home equity, mortgages, personal loans, and auto loans; and investments and insurance services, including retirement and college planning, wealth accumulation, tax favored programs, financial planning, and estate planning. The company also provides business services, such as cash management solutions and merchant services, as well as international services, including import and export...

7 West 51st Street

New York, NY 10019

United States

Founded in 1999

Phone:

847-994-5400

Fax:

847-994-6969

Key Executives for Banco Popular North America, Inc.

Chairman of the Board and Chief Executive Officer
Age: 61
President
Age: 55
Head of Construction Business Lending
Head of Business Banking
Head of Community Association Business
Compensation as of Fiscal Year 2014.

Banco Popular North America, Inc. Key Developments

Banco Popular to Cut More than 100 Jobs in Orlando

Banco Popular North America plans to shed more than 100 jobs by the end of the year. The financial institution informed the state on Nov. 5 it would cut 108 jobs at 8523 Commodity Circle, Suite 100 in Orlando in a Worker Adjustment & Retraining Notification. The layoffs are scheduled for Dec. 31, 2014.

Banc of California, N.A., Banco Popular North America, Inc. - M&A Call

To consider Banc of California's agreement to acquire select assets and assume certain liabilities comprising the California branch network of Popular Community Bank

Banco Popular North America, Inc. Reports Unaudited Net Interest Income Results for the First Quarter Ended March 31, 2013

Banco Popular North America, Inc. reported unaudited net interest income results for the first quarter ended March 31, 2013. The company earned $68.0 million in net interest income for the quarter ended March 31, 2013, compared with $68.5 million in the previous quarter. The decrease in the net interest margin of 3 basis points to 3.48% was mainly caused by a decrease in the yield of commercial, mortgage and consumer loans, and of investment securities. This decrease was partially offset by a 2 basis points reduction in the cost of interest-bearing deposits.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 9, 2014
Stalled Townhome Project in Homestead
Merger/Acquisition
April 23, 2014
Banco Popular North America, Inc., 20 Branches in California
Merger/Acquisition
April 23, 2014
Banco Popular North America Inc., 12 Branches in Illinois
 

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