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Popular, Inc.
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 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, Popular Bank, E-Loan, and several other companies. The headquarters of Banco Popular Puerto Rico is in Hato Rey, San Juan. History The bank was founded in Puerto Rico in 1893 when the island was still under Spanish administration. It was led in its early stages by Rafael Carrión Sr. and Don Manuel Muñoz Barrios, the latter of which was the company's first president and administrator. During the 1970s, the company's commercials we ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Florida
Florida ( ; ) is a U.S. state, state in the Southeastern United States, Southeastern region of the United States. It borders the Gulf of Mexico to the west, Alabama to the northwest, Georgia (U.S. state), Georgia to the north, the Atlantic Ocean to the east, the Straits of Florida to the south, and The Bahamas to the southeast. About two-thirds of Florida occupies a peninsula between the Gulf of Mexico and the Atlantic Ocean. It has the List of U.S. states by coastline, longest coastline in the contiguous United States, spanning approximately , not including its many barrier islands. It is the only state that borders both the Gulf of Mexico and the Atlantic Ocean. With a population of over 23 million, it is the List of U.S. states and territories by population, third-most populous state in the United States and ranks List of states and territories of the United States by population density, seventh in population density as of 2020. Florida spans , ranking List of U.S. states ...
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Banco De Ponce
Banco de Ponce was the Puerto Rican bank with the largest number of branches in the United States and second largest bank in deposits and number of branches in Puerto Rico during the twentieth century. Founded in Ponce, Puerto Rico, in the early part of the century, it headquartered in San Juan in 1970 and, 20 years later, merged with Banco Popular forming BancPonce Corporation. History The bank was founded on 20 August 1917, in Ponce, Puerto Rico, by Mario Mercado, Amador Torres, Manuel Meiriño, Augusto Quiñones, Francisco Oliver, Antonio Morales, Juan Colón, José de Jesús, Francisco Forteza and Cándido Noriega. It had a prosperous start and in 1924 it built its main office in downtown Ponce. Architecturally, the downtown structure was so prominent that it would eventually get listed as historic in the National Register of Historic Places. The Bank continued its growth and by 1961 it already had offices and branches in New York City. By 1989, it had the largest ...
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Rafael Carrión Sr
Rafael may refer to: * Rafael (given name) or Raphael, a name of Hebrew origin * Rafael, California Fiction * ''Rafael'' (TV series), a Mexican telenovela * ''Rafaël'' (film), a 2018 Dutch film People * Rafael (footballer, born 1978) (Rafael Pires Vieira), Brazilian football striker * Rafael (footballer, born 1979) (Rafael da Silva Santos), Brazilian football defender * Rafael (footballer, born 1980) (Rafael Pereira da Silva), Brazilian football right-back * Rafael (footballer, born March 1982) (Rafael de Andrade Bittencourt Pinheiro), Brazilian football goalkeeper * Rafael (footballer, born August 1982) (Rafael dos Santos Silva), Brazilian football striker * Rafael (footballer, born 1984) (Alberto Rafael da Silva), Brazilian football goalkeeper * Rafael (footballer, born 1986) (Rafael Diego de Souza), Brazilian football centre-back * Rafael (footballer, born 1987) (Rafael da Silva Gomes), Brazilian footballer * Rafael (footballer, born 1989) (Rafael Pires Monteiro), ...
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Hato Rey, Puerto Rico
Hato Rey ( Spanish for ''king’s cattle farm''), often considered the central business district of Puerto Rico, is a highly urbanized financial, commercial, and residential district in San Juan, the capital municipality of the archipelago and island. Located in the center of the San Juan metropolitan area and divided into the barrios of Hato Rey Norte, Hato Rey Central, and Hato Rey Sur, it is about from the Old San Juan historic quarter, Condado and Isla Verde resort areas, and SJU airport. Hato Rey is home to the Milla de Oro financial district, José Miguel Agrelot Coliseum, Hiram Bithrom Stadium, Telumundo International television network headquarters, and Plaza Las Américas shopping mall, among others. It was formerly a barrio of the dissolved municipality of Río Piedras, which was merged into San Juan in 1951. Urban landscape Its name means "king's cattle farm" ('' hato''). In the 18th century, cattle would roam among the sugar cane fields in the area ...
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E-Loan
E-Loan, Inc. is a financial services company that offers its users access to partners that may be able to assist them in obtaining loans. E-Loan was a pioneer in the online lending industry in the late 1990s and early 2000s. As of 1999, it was the number one site for online lending, with Quicken Loan's later online offering playing catch-up in second after E-Loan declined a buyout offer. As of 2017, E-Loan is focused on its personal loan referral business, and as of May 15, 2017 all of its deposit customers were transferred to Popular Direct. E-Loan is a division of Popular, Inc., Banco Popular de Puerto Rico. History E-Loan was founded by Janina Pawlowski and Christopher Larsen in 1997. Former co-workers at a California-based mortgage lender, Pawlowski and Larsen had disagreed with their supervisor's on-the-job demands and decided to build their own mortgage business together. They took a chance on creating an online-based lending service, just as the Internet became ubiquit ...
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Central America
Central America is a subregion of North America. Its political boundaries are defined as bordering Mexico to the north, Colombia to the southeast, the Caribbean to the east, and the Pacific Ocean to the southwest. Central America is usually defined as consisting of seven countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama. Within Central America is the Mesoamerican biodiversity hotspot, which extends from southern Mexico to southeastern Panama. Due to the presence of several active geologic faults and the Central America Volcanic Arc, there is a high amount of seismic activity in the region, such as volcanic eruptions and earthquakes, which has resulted in death, injury, and property damage. Most of Central America falls under the Isthmo-Colombian cultural area. Before the Spanish expedition of Christopher Columbus' voyages to the Americas, hundreds of indigenous peoples made their homes in the area. From the year 1502 onwards, Spain ...
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Caribbean
The Caribbean ( , ; ; ; ) is a region in the middle of the Americas centered around the Caribbean Sea in the Atlantic Ocean, North Atlantic Ocean, mostly overlapping with the West Indies. Bordered by North America to the north, Central America to the west, and South America to the south, it comprises numerous List of Caribbean islands, islands, cays, islets, reefs, and banks. It includes the Lucayan Archipelago, Greater Antilles, and Lesser Antilles of the West Indies; the Quintana Roo Municipalities of Quintana Roo#Municipalities, islands and Districts of Belize#List, Belizean List of islands of Belize, islands of the Yucatán Peninsula; and the Bay Islands Department#Islands, Bay Islands, Miskito Cays, Archipelago of San Andrés, Providencia and Santa Catalina, Archipelago of San Andrés, Providencia, and Santa Catalina, Corn Islands, and San Blas Islands of Central America. It also includes the coastal areas on the Mainland, continental mainland of the Americas bordering the ...
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Conglomerate (company)
A conglomerate () is a type of multi-industry company that consists of several different and unrelated List of legal entity types by country, business entities that operate in various industries. A conglomerate usually has a Holding company, parent company that owns and controls many Subsidiary, subsidiaries, which are legally independent but financially and strategically dependent on the parent company. Conglomerates are often large and Multinational corporation, multinational corporations that have a global presence and a diversified portfolio of products and services. Conglomerates can be formed by merger and acquisitions, Corporate spin-off, spin-offs, or joint ventures. Conglomerates are common in many countries and sectors, such as Media (communication), media, Finance, banking, Energy industry, energy, mining, manufacturing, retail, Arms industry, defense, and transportation. This type of organization aims to achieve economies of scale, market power, Risk management, ris ...
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Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ...
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Virgin Islands
The Virgin Islands () are an archipelago between the Atlantic Ocean, North Atlantic Ocean and northeastern Caribbean Sea, geographically forming part of the Leeward Islands of the Lesser Antilles in the Caribbean, Caribbean islands or West Indies. Geology, Geologically separated from the Lesser Antilles by the Anegada Passage and from the Greater Antilles by the Mona Passage, Mona passage, all the islands except for Saint Croix lie on the same carbonate platform and Continental shelf, insular shelf, known as the Puerto Rico Bank, and same List of tectonic plates#Microplates, tectonic plate, known as the Puerto Rico–Virgin Islands microplate. Politically, the islands fall into three jurisdiction (area), jurisdictions: the easternmost British Overseas Territories, British overseas territory of the British Virgin Islands, Virgin Islands, informally referred to as the ''British Virgin Islands'', the central Territories of the United States, unincorporated American territory of ...
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