ST. LOUIS PARK, Minn. - Metris Cos. has agreed to purchase Banco Popular's $180 million U.S. card portfolio of approximately 283,000 accounts.

Terms of the transaction, which was announced Monday and is expected to close this quarter, were not disclosed.

Metris would also provide agent-banking services for Banco Popular's U.S. operation based in Orlando. Ronald N. Zebeck, chief executive officer of Metris, said it "is committed to expanding its Hispanic marketing efforts."

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