Popular, Inc.

Popular, Inc., doing business as Banco Popular in Puerto Rico and the Virgin Islands and as Popular Community Bank in the United States, is a financial services conglomerate that has been operating in Puerto Rico for almost 120 years and in the United States for over 52 years. In recent years, it has expanded into other areas of the Caribbean and Central America. The BPPR in the logo stands for Banco Popular de Puerto Rico, where the bank has its major historical footprint.

Popular, Inc. is the parent company of Banco Popular de Puerto Rico, Banco Popular North America, E-Loan, and several other companies.

The headquarters of Banco Popular Puerto Rico are located in Hato Rey, Puerto Rico.

History

The bank was founded in Puerto Rico in 1893 when the island was still under Spanish administration, and was led in its early stages by Rafael Carrión, Sr.

During the 1970s, the company's commercials were very popular on Puerto Rican television: they presented a balding, middle aged man in a white tee shirt, announcing the company in a comic way. The 1970s also saw a giant step in the development of Banco Popular as Puerto Rico's biggest bank, when it bought two-thirds of the Banco de Crédito y Ahorro Ponceño. By buying this bank, Popular entered the credit-card industry.

Banco

Banco may refer to:

See also

Popular

Popularity or social status is the quality of being well-liked or well-known.

Popular may also refer to:

In sociology

Companies

Banco Santander

Banco Santander (Spanish: [ˈbaŋko santanˈdeɾ]) is a Spanish bank, and the principal subsidiary of the Santander Group. The bank was established in Santander in 1857.

Santander also operates an online bank, branded Openbank.

In December 2012, the Santander Group announced that it would merge Banesto and Banco BANIF into Banco Santander, purchasing the remaining 10% of Banesto it did not already own.

References

External links

Puerto Rico

Coordinates: 18°12′N 66°30′W / 18.2°N 66.5°W / 18.2; -66.5

Puerto Rico (English /ˌpɔːrtə ˈriːkoʊ/ or /ˌpwɛərtə ˈriːkoʊ/;Spanish: [ˈpweɾto ˈriko], locally also [ˈpwelto ˈχiko; ˈʀ̥iko]), officially the Commonwealth of Puerto Rico (Spanish: Estado Libre Asociado de Puerto Rico, literally the "Free Associated State of Puerto Rico"), is a United States territory located in the northeastern Caribbean. Puerto Rico is an archipelago that includes the main island of Puerto Rico and a number of smaller islands. The capital and largest city is San Juan. The territory does not observe daylight saving time, and its official languages are Spanish, which is predominant, and English. The island's population is approximately 3.4 million.

Puerto Rico's rich history, tropical climate, diverse natural scenery, renowned traditional cuisine and attractive tax incentives make it a popular destination for visitors from around the world. Its location in the Caribbean, combined with centuries of colonization and subsequent migration, has made Puerto Rican culture a distinct melting pot of Amerindian, Spanish, African, and North American influences.