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How Popular's decision to sell operations in California, Illinois and central Florida fit into the plans of three community banks looking to grow.
April 23 -
The chief executive of Banco Popular, Richard Carrión, (BPOP) has resigned from his roles on the International Olympic Committee.
October 16 -
The $36.5 billion-asset parent of Banco Popular de Puerto Rico said Friday it would sell nonperforming commercial and construction loans for $347 million to a group of investors that includes Perella Weinberg Partners.
March 1
Popular in San Juan, Puerto Rico, has made a few changes to its management team.
The $36.5 billion-asset company said in a press release Monday that Ignacio Alvarez had become its president and chief operating officer, succeeding Richard Carrion, who will remain chairman and chief executive.
Alvarez, who had been Popular's chief legal officer, has been with the company for four years. He previously was a founding partner of the law firm Pietrantoni Mendez & Alvarez in San Juan.
Popular also tapped Javier Ferrer to succeed Alvarez as chief legal officer. Ferrer, who is leaving Pietrantoni Mendez & Alvarez, will join Popular later this week.
"I am confident that these changes will further strengthen our management team and allow us to operate in a more agile and efficient manner," Carrion said in the release.
Popular, which agreed in April to
