NEW YORK - Banponce Corp. said it has entered New Jersey by acquiring four branches of Carteret Federal Savings Bank from the Resolution Trust Corp.

Terms of the transaction were not disclosed.

Banponce, based in San Juan, Puerto Rico, said the four branches have combined deposits of approximately $190 million. Two of the branches are located in Newark, one is in Montclair, and the other is in East Orange.

The RTC took over Carteret in December 1992 when the thrift had more than $5.2 billion in assets.

Banponce already operates 30 branches in New York City under its main banking unit, Banco Popular.

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