Popular (BPOP) in San Juan, Puerto Rico, could be looking to sell its banking operations in Chicago and Los Angeles.

The $26.6 billion-asset company has hired RBC Capital Markets to oversee the sale of its branches in those cities, Crain's Chicago Business reported in its online edition Friday. The report said Popular expects to sell the Chicago operations — with 12 branches, $500 million in loans and $800 million in deposits — for $5 million to $15 million.

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