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Community Banker of the Year: OFG Bancorp's José Rafael Fernández

American Banker

OFG Bancorp's CEO José Rafael Fernández has weathered tough times during Puerto Rico's economic downturn. Now he is hopeful that his bank can seize on the better times ahead.

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CIT Sells Wealth Advisory Arm to First Sun Capital

Banking Exchange

Plus: FirstBank Puerto Rico completes Santander purchase, and Farmers and Merchants Bank is approved for community bank merger Management Feature Feature3 M&A.

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Popular in Puerto Rico to Record $55M Loss After FDIC Dispute

American Banker

in San Juan, Puerto Rico, will take a $55 million hit to third-quarter earnings after its bank lost an arbitration battle with the Federal Deposit Insurance Corp. Popular Inc.

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Ponce Bank serves the underserved

Independent Banker

Photo courtesy Ponce Bank. Ponce Bank has brought banking services to minority neighborhoods in the Bronx and greater New York City for more than six decades with a clear focus on community investment. Ponce Bank was founded in the South Bronx in 1960, a time when many financial institutions were packing up to leave.

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N.Y. Firm Appoints Director for First Bancorp in Puerto Rico

American Banker

First Bancorp in San Juan, Puerto Rico, has added a managing director from a New York private equity firm to its board.

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Popular in Puerto Rico Posts Lower Profit on Loss-Share Ruling

American Banker

in San Juan, Puerto Rico, said its quarterly profit fell after losing an arbitration dispute with the Federal Deposit Insurance Corp. Popular Inc.

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First Bancorp in Puerto Rico Sells Insurance Business

American Banker

First Bancorp in San Juan, Puerto Rico, has sold an insurance agency.