Popular (BPOP) in San Juan, Puerto Rico, has found buyers for its regional operations in Illinois, California and central Florida.

The $26.6 billion-asset company said in a press release Wednesday that it had reached agreements to sell 41 branches, $1.8 billion loans and $2.1 billion in deposits to three different buyers. The sales will result in net premium of roughly $25 million and an estimated noncash goodwill writedown of about $160 million.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.