Popular, Inc., a diversified public financial holding company, was incorporated under the Bank Holding Company Act, as amended in 1956, and is regulated by the Board of Governors of the Federal Reserve System. Incorporated in 1984 under the federal laws of Puerto Rico, the company is the largest financial institution headquartered in Puerto Rico, with 36.5 billion in fixed assets, 27 billion in deposits and 4.1 billion in shareholder income as of December 31, 2012. As of December 31, 2012, according to the information calculated and released by the Federal Reserve Board, the company ranked 36th among bank holding companies by total assets. The company operates in two major markets:
Puerto Rico: Retail and commercial banking services are provided through its main subsidiary bank, Banco Popular de Puerto Rico (" BPPR "), as well as auto and equipment leasing and financing, mortgage lending, investment banking, brokerage and insurance services through specialized subsidiaries.
Native to the United States: It operates Banco Popular North America (" BPNA ") and its wholly-owned subsidiary E-LOAN Inc. (" E-LOAN "). BPNA is a community bank that provides a variety of financial services and products to serve the community. It has branches in New York, California, Illinois, New Jersey and Florida under the name of Popular Community Bank. E-LOAN manages the funds account for BPNA's interest control in its own name.
