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Banco Popular de Puerto Rico, also known as Popular Community Bank, was founded in 1893 and is a subsidiary of Popular, Inc. It has $28,500 million in assets, making it the leading banking institution in Puerto Rico. In terms of assets, it’s among the largest 50 banks in the U.S.
In Puerto Rico, Banco Popular has 177 branches and 646 ATMs, in addition to a 24/7 call center and online banking. Banco Popular also has 50 branches throughout New York, New Jersey and Florida, and has approximately 55,000 ATMs worldwide. Banco Popular does business with more than 1.5 million customers.
When Doral Bank closed in 2015, Banco Popular was the assuming institution, acquiring all of its deposit accounts. Banco Popular then made separate agreements with FirstBank Puerto Rico and Centennial Bank to transfer deposits and assets to them.
Banco Popular offers checking accounts, savings accounts, IRAs and CDs, as well as loans and insurance. It also offers a wide variety of credit card options. Banco Popular’s website has both an English version and a Spanish one, allowing it to cater to a wider audience.
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