Popular Completes Acquisition Of Key Customer Channels And Enters Into Amended Commercial Contracts With Evertec
Popular Completes Acquisition Of Key Customer Channels And Enters Into Amended Commercial Contracts With Evertec
07/01/22, 12:01 PM
Industry
financial services
Popular, Inc. (“Popular” or the “Corporation”) (NASDAQ: BPOP) announced today that its wholly owned subsidiary, Banco Popular de Puerto Rico (“BPPR”), has completed its previously announced acquisition of certain assets and assumption of certain liabilities used by Evertec Group, LLC (“Evertec Group”), a wholly owned subsidiary of Evertec, Inc. (“Evertec”) (NYSE: EVTC), to service certain BPPR channels.
Company Info
Company info
Popular, Inc. (NASDAQ: BPOP) is the leading financial institution in Puerto Rico, by both assets and deposits, and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular’s principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands. Popular also offers in Puerto Rico auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. In the mainland United States, Popular provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida.