Community Reinvestment Act (CRA) /
Ley de Reinversión en la Comunidad
CRA Public File / Expediente Público de CRA
CRA Public File / Expediente Público de CRA
Introduction
In accordance with the Community Reinvestment Act (CRA) regulation, the Bank is required to
maintain and, upon request, make available for public inspection, our complete CRA Public File.
As required by the CRA, the information contained in this file is current as of April 1 of each year.
Introducción
En cumplimiento con la Ley de Reinversión Comunitaria (CRA por sus siglas en inglés), el Banco
es requerido a mantener y, a previa solicitud, hacer disponible este Archivo Público de CRA para
la inspección pública.
Según requerido por CRA, la información que contiene este expediente está actualizada al 1 de
abril de cada año.
Information Request
If any person requests a copy of this file, the Manager or Officer in charge will provide them with
a copy of the document. Subsequently, the Officer must notify the CRA Department of this
request through this email: C[email protected]
All branch employees must know to whom they should refer any request for information.
Solicitud de Información
Si alguna persona solicita copia de este expediente, el Gerente u Oficial a cargo le proveerá una
copia del documento. Posteriormente, el Oficial deberá notificar al Departamento de CRA sobre
esta petición mediante este correo electrónico: [email protected]
Todos los empleados de la sucursal deben conocer a quién le deben referir cualquier petición
de información.
AVISO
LEY DE REINVERSIÓN EN LA COMUNIDAD
NOTICE
COMMUNITY REINVESTMENT ACT
BRA-940 / 3-14 (PDF)
Under the Federal Community Reinvestment Act (CRA), the Federal
Reserve Board (Board) evaluates our record of helping to meet
the credit needs of this community consistent with safe and sound
operations. The Board also takes this record into account when
deciding on certain applications submitted by us.
Your involvement is encouraged.
You are entitled to certain information about our operations and
our performance under the CRA. You may review today the public
section of our most recent CRA evaluation, prepared by the Federal
Reserve Bank of New York, 33 Liberty Street, New York, N.Y. 10045,
and a list of services provided at this branch.
(1) a map showing the assessment area containing this branch,
which is the area in which the Board evaluates our CRA
performance in this community;
(2) information about our branches in this assessment area;
(3) a list of services we provide at those locations;
(4) data on our lending performance in this assessment area;
and
(5) copies of all written comments received by us that specifically
relate to our CRA performance in its assessment area, and
any responses we have made to those comments.
If you would like to review information about our CRA performance
in other communities served by us, the public file for our entire bank
is available at the Community Reinvestment Act Department (CRA),
located at Calle Popular Building, 153 Ponce de León Ave., 11th Floor,
Hato Rey, PR 00918.
At least 30 days before the beginning of each quarter, the Federal
Reserve System publishes a list of the banks that are scheduled for
CRA examination by the Reserve Bank in that quarter. This list is
available from the Ocer in Charge of Supervision, Federal Reserve
Bank of New York, 33 Liberty Street, New York, NY 10045. Your may
send written comments about our performance in helping to meet
community credit needs to the CRA Ocer, PO Box 362708, San
Juan, PR 00936-2708 and to the Ocer in Charge of Supervision,
Federal Reserve Bank of New York, 33 Liberty Street, New York,
NY 10045. Your letter, together with any response by us, will be
considered by the Federal Reserve System in evaluating our CRA
performance and may be made public.
You may ask to look at any comments received by the Federal Reserve
Bank. You may also request from the Reserve Bank an announcement
of our applications covered by the CRA filed with the Reserve Bank.
We are an aliate of Popular, Inc., a bank holding company.
You may request from the Ocer in Charge of Supervision, Federal
Reserve Bank of New York, 33 Liberty Street, New York, NY 10045,
an announcement of applications covered by the CRA filed by bank
holding companies.
Bajo la Ley Federal de Reinversión en la Comunidad (CRA), la Junta
de la Reserva Federal (Junta) evalúa nuestro desempeño en ayudar a
satisfacer las necesidades de crédito de esta comunidad, consistente
con una operación segura y prudente. La Junta también considera esta
evaluación cuando vaya a tomar una decisión sobre ciertas solicitudes
sometidas por nosotros.
Su participación es bienvenida.
Usted tiene el derecho de obtener cierta información sobre nuestras
operaciones y nuestra ejecutoria de CRA. Usted puede revisar hoy
mismo la sección pública de nuestra evaluación de CRA más reciente
preparada por el Banco de la Reserva Federal de Nueva York, 33 Liberty
Street, New York, N.Y. 10045, y una lista de los servicios que brinda
esta sucursal.
(1) un mapa que demuestra el área de evaluación (assessment area)
que incluye esta sucursal, que es el área utilizada por la Junta
para evaluar nuestra ejecutoria de CRA en esta comunidad;
(2) información sobre nuestras sucursales en el área de evaluación;
(3) una lista de los servicios que proveemos en esas localidades;
(4) datos sobre nuestra ejecutoria de préstamos en el área de
evaluación; y
(5) copias de todos los comentarios recibidos por nosotros que
específicamente se refieren a nuestra ejecutoria de CRA en el
área de evaluación y nuestras respuestas a esos comentarios.
Si le interesa revisar la información sobre nuestra ejecutoria de CRA en
otras comunidades donde proveemos servicios, el expediente público
para nuestro Banco está disponible en el Departamento Reinversión
en la Comunidad (CRA), localizado en Edif. Calle Popular, Piso 11, Ave.
Ponce de León 153, Hato Rey, PR 00918.
Por lo menos treinta (30) días antes de cada trimestre, el Sistema
de la Reserva Federal publica una lista de los Bancos que están
programados para ser auditados por el Banco de la Reserva durante
ese trimestre. Esta lista está disponible en la oficina del Ocer in
Charge of Supervision, Federal Reserve Bank of New York, 33 Liberty
Street, New York, NY 10045. Usted puede enviar sus comentarios por
escrito sobre nuestra ejecutoria en ayudar a satisfacer las necesidades
de crédito de la comunidad al Oficial de CRA, PO Box 362708, San
Juan, PR 00936-2708 y al Ocer in Charge of Supervision, Federal
Reserve Bank of New York, 33 Liberty Street, New York, NY 10045. Su
carta, así como cualquier respuesta nuestra, será considerada por el
Sistema de la Reserva Federal en la evaluación de nuestra ejecutoria
de CRA y puede ser divulgada públicamente.
Usted puede solicitar ver cualquier comentario recibido por el Banco
de la Reserva. También, puede solicitar del Banco de la Reserva el
anuncio de nuestras solicitudes cubiertas por CRA radicadas con el
Banco de la Reserva. Nosotros somos una subsidiaria de Popular, Inc.,
una corporación tenedora de acciones bancarias.
Usted puede solicitar del Ocer in Charge of Supervision, Federal
Reserve Bank of New, York, 33 Liberty Street, New York, NY 10045, el
anuncio de nuestras solicitudes cubiertas por CRA, radicadas por las
corporaciones tenedoras de acciones bancarias.
Public Comments
We appreciate your comments; these help us to improve our level of quality and service in the
communities. The Community Reinvestment Act (CRA) requires that all public comments
received in writing about how we are meeting financial needs in the community be published in
the current year and two prior years.
Popular has not received public comments related to CRA.
Comentario Público
Agradecemos sus comentarios; estos nos ayudan a mejorar nuestro nivel de calidad y servicio en
las comunidades. La ley de CRA exige que todos los comentarios públicos recibidos por escrito
sobre la forma en que estamos cumpliendo con las necesidades financieras en la comunidad sean
publicados en el año en curso y dos años anteriores.
Popular no ha recibido comentarios públicos relacionados con la ley de CRA.
PUBLIC DISCLOSURE
June 21, 2022
COMMUNITY REINVESTMENT ACT
PERFORMANCE EVALUATION
Banco Popular de Puerto Rico
RSSD No. 940311
209 Munoz Rivera Avenue
San Juan, PR 00918
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK, NY 10045
NOTE:
This document is an evaluation of this institution's record of meeting the credit
needs of its entire community, including low- and moderate-income
neighborhoods, consistent with safe and sound operation of the institution. This
evaluation is not, nor should it be construed as, an assessment of the financial
condition of this institution. The rating assigned to this institution does not
represent an analysis, conclusion, or opinion of the federal financial supervisory
agency concerning the safety and soundness of this financial institution.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
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TABLE OF CONTENTS
INSTITUTION'S CRA RATING ................................................................................................................. 1
INSTITUTION'S CRA RATING ............................................................................................................. 1
PERFORMANCE TEST RATINGS TABLE .......................................................................................... 1
SUMMARY OF MAJOR FACTORS SUPPORTING RATINGS .......................................................... 1
INSTITUTION ............................................................................................................................................. 3
DESCRIPTION OF INSTITUTION ........................................................................................................ 3
SCOPE OF EXAMINATION ................................................................................................................... 5
CONCLUSION WITH RESPECT TO PERFORMANCE TESTS .......................................................... 9
COMMONWEALTH OF PUERTO RICO ................................................................................................ 19
CRA RATING FOR PUERTO RICO .................................................................................................... 19
DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 20
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS IN PUERTO RICO ..................... 23
MSA 41980 (SAN JUAN-BAYAMÓN-CAGUAS, PR) (FULL REVIEW) ............................................. 27
DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 27
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 36
MSA 10380 (AGUADILLA-ISABELA, PR) (FULL REVIEW) ............................................................... 45
DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 45
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 50
MSA 38660 (PONCE, PR) (FULL REVIEW) .......................................................................................... 59
DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 59
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 63
MSA 11640 (ARECIBO, PR) (LIMITED REVIEW) ............................................................................... 72
DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 72
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 72
MSA 25020 (GUAYAMA, PR) (LIMITED REVIEW) ............................................................................ 74
DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 74
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 74
MSA 32420 (MAYAGÜEZ, PR) (LIMITED REVIEW) .......................................................................... 76
DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 76
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 76
MSA 41900 (SAN GERMÁN, PR) (LIMITED REVIEW) ....................................................................... 78
DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 78
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 78
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
ii
MSA 49500 (YAUCO, PR) (LIMITED REVIEW) ................................................................................... 80
DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 80
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 80
NON-METROPOLITAN PUERTO RICO (LIMITED REVIEW) ............................................................ 82
DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 82
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 82
U.S. VIRGIN ISLANDS ............................................................................................................................. 84
CRA RATING FOR U.S. VIRGIN ISLANDS ....................................................................................... 84
DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 85
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 87
CRA APPENDICES
APPENDIX A - AGGREGATE COMPARISON LOAN DISTRIBUTION TABLES 2019-2020 ....... 93
APPENDIX B - SCOPE OF EXAMINATION TABLE ...................................................................... 116
APPENDIX C - SUMMARY OF STATE RATINGS ......................................................................... 117
APPENDIX D - MAP OF ASSESSMENT AREA .............................................................................. 114
APPENDIX E - GLOSSARY .............................................................................................................. 115
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
1
INSTITUTION'S CRA RATING
INSTITUTION'S CRA RATING: SATISFACTORY
The following table indicates the performance level of Banco Popular de Puerto Rico with respect to the
lending, investment, and service tests.
PERFORMANCE TEST RATINGS TABLE
PERFORMANCE
LEVELS
BANCO POPULAR DE PUERTO RICO
PERFORMANCE
TESTS
Lending Test* Investment Test Service Test
Outstanding
High Satisfactory X X X
Low Satisfactory
Needs to Improve
Substantial
Noncompliance
* The lending test is weighted more heavily than the investment and service tests in determining the
overall rating.
Summary of Major Factors Supporting Ratings
The major factors supporting the institution's rating follow:
Lending Test:
• Lending levels reflected good responsiveness to assessment area credit needs.
• A substantial majority of loans were made in the bank's assessment area.
• The geographic distribution of loans reflected adequate penetration throughout the assessment area.
• The distribution of borrowers reflected, given the product lines offered, adequate penetration
among customers of different income levels and businesses of different sizes.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
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• Exhibited an adequate record of serving the credit needs of low-income individuals and areas and
very small businesses.
• Made a relatively high level of community development loans.
• Made use of innovative and/or flexible lending practices in serving assessment area credit needs.
Investment Test:
• Made a significant level of qualified community development investments and grants, particularly
those not routinely provided by private investors, occasionally in a leadership position.
• Made significant use of innovative and/or complex investments to support community development
initiatives.
• Exhibited adequate responsiveness to credit and community development needs.
Service Test:
• Delivery systems were readily accessible to the bank's geographies and individuals of different
income levels in its assessment area.
• Record of opening and closing of branches did not adversely affect the accessibility of its delivery
systems, particularly to low- and moderate-income (“LMI”) geographies and/or LMI individuals.
• Services were tailored to convenience and needs of its assessment area, particularly LMI
geographies and/or LMI individuals.
• Provided a relatively high level of community development services.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
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INSTITUTION
DESCRIPTION OF INSTITUTION
Banco Popular de Puerto Rico (“Banco Popular”, “BPPR”, or “the bank”) is a full-service commercial bank
headquartered in San Juan, Puerto Rico. Banco Popular is primarily engaged in retail and commercial
banking services, including automobile and equipment financing, investment banking, and broker-dealer
and insurance services through specialized subsidiaries. All products and services are offered through
Banco Popular’s 167 branch network and alternative delivery channels, such as by telephone, internet, or
through automated teller machines (“ATMs”). BPPR is a publicly traded, wholly-owned subsidiary of
Popular Inc., a multi-regional diversified financial holding company with $64.2 billion in combined total
assets as of December 31, 2021.
During the review period, BPPR was the leading financial institution in the Commonwealth of Puerto Rico
(“Puerto Rico”, “PR”, or “the Commonwealth”), ranking first in deposit market share, small business
lending, home purchase, refinance, and home improvement lending. BPPR operated 159 retail branches in
its Puerto Rico assessment area and eight branches in the U.S. Virgin Islands (“USVI”) assessment area.
Major competitors included Citibank N.A., FirstBank, Oriental Bank, Sun West Mortgage Company, Inc.,
and Banco Santander PR.
Based on the December 31, 2021 FFIEC Consolidated Report of Condition and Income ("Call Report"),
Banco Popular’s loan portfolio by dollar volume consisted of a mix of residential real estate and commercial
loans as summarized in the following table:
Loan Type Total Loans % of Total
1-4 Residential Real Estate Secured
$6,360,000,000 41.7%
Construction
$197,000,000 1.3%
Multifamily Dwelling
$169,000,000 1.1%
HELOCs
$4,000,000 0.0%
Consumer
$2,150,000,000 14.1%
Agriculture
$36,000,000 0.2%
Commercial & Industrial
$2,185,000,000 14.3%
Nonfarm Nonresidential Secured
$3,682,000,000 24.2%
Other
$452,000,000 3.0%
Total
$15,235,000,000 100.0%
*Data as of December 31, 2021
Based on the December 31, 2021 Uniform Bank Performance Report ("UBPR"), Banco Popular’s deposit
portfolio by dollar volume was comprised primarily of demand deposits and NOW and ATS accounts, as
summarized in the following table:
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
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Deposit Type Total Deposits % of Total
Demand Deposits
$24,034,000,000 40.5%
All NOW and ATS Accounts
$13,852,000,000 23.3%
Money Market Deposit Accounts
$1,087,000,000 1.8%
Other Savings Deposits
$14,436,000,000 24.3%
Time Deposits at or below Insurance Limit
$3,110,000,000 5.2%
Time Deposits Above Insurance Limit
$2,628,000,000 4.4%
Brokered Deposits
$220,000,000 0.4%
Total
$59,367,000,000 100.0%
*Data as of December 31, 2021
DESCRIPTION OF ASSESSMENT AREA
Banco Popular’s assessment areas included all of Puerto Rico and the U.S. Virgin Islands. Within Puerto
Rico, the assessment areas included eight Metropolitan Statistical Area (“MSA”) assessment areas and one
non-metropolitan (“non-metro”) assessment area. In the USVI, the assessment area consisted of one non-
metro assessment area. While BPPR did not change the delineation of its assessment areas from the last
CRA examination, in September 2018, the Office of Management and Budget (“OMB”) adjusted three
MSAs that comprise three of the bank’s assessment areas.
1
The adjustments resulted in the reassignment
of the previously non-metro municipios
2
of Las Marías and Adjuntas to MSA 32420 and MSA 38660,
respectively, and the reassignment of the municipios of Guánica, Guayanilla, Peñuelas, and Yauco from
MSA 38660 to the newly created MSA 49500. Consequently, while the bank did not change its assessment
area delineation in 2019 or 2020, four of the bank’s assessment areas reflected the new OMB geographic
delineations. The assessment areas (“AA(s)”) were as follows:
Commonwealth of Puerto Rico
• MSA 41980 (San Juan-Bayamón-Caguas, PR)
3
• MSA 10380 (Aguadilla-Isabela, PR)
• MSA 38660 (Ponce, PR)
• MSA 11640 (Arecibo, PR)
• MSA 25020 (Guayama, PR)
• MSA 32420 (Mayagüez, PR)
• MSA 41900 (San Germán, PR)
• MSA 49500 (Yauco, PR)
• Non-Metro, PR (Municipios of Coamo, Culebra, Jayuya, Maricao, Salinas, Santa Isabel, and
Vieques.)
1
OMB BULLETIN NO. 18-04 - Revised Delineations of MSAs (9-14-2018)
2
Counties are referred to interchangeably throughout as “county(ies)” or “municipio(s)”.
3
In September 2018, the OMB changed the full name of MSA 41980 from San Juan-Carolina-Caguas, PR to San
Juan-Bayamón-Caguas, PR.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
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U.S. Virgin Islands
• U.S. Virgin Islands: (Islands of St. Thomas, St. Croix and St. John)
Full scope assessment areas within Puerto Rico included: MSA 41980 (San Juan-Bayamón-Caguas, PR),
MSA 10380 (Aguadilla-Isabela, PR), and MSA 38660 (Ponce, PR). The remaining assessment areas were
evaluated as limited scope reviews due to limited lending and deposit market share and included: MSA
11640 (Arecibo, PR), MSA 25020 (Guayama, PR), MSA 32420 (Mayagüez, PR), MSA 41900 (San
Germán, PR), MSA 49500 (Yauco, PR) and the non-metro, PR assessment area.
The USVI assessment area was given full scope review since this was the only assessment area in the
territory.
Banco Popular’s assessment areas were in compliance with the requirements of Section 228.41 of
Regulation BB and did not arbitrarily exclude any LMI geographies. There were no financial or legal
factors that would prevent the bank from fulfilling its responsibilities under CRA.
Previous Performance Evaluation
Banco Popular received an “Outstanding” rating as a result of the January 13, 2020 performance evaluation
by the Federal Reserve Bank of New York. The lending test was rated “Outstanding,” the investment test
was rated “Low Satisfactory,” and the service test was rated “Outstanding.”
SCOPE OF EXAMINATION
Procedures
BPPR's CRA performance was evaluated using the Federal Financial Institutions Examination Council's
(“FFIEC”) Interagency CRA Procedures for Large Retail Financial Institutions, which consists of the
lending, investment, and service tests. The evaluation considered the CRA performance context, including
the bank's asset size, financial condition, market competition, assessment area demographics and credit and
community development needs.
Products
Home purchase, refinance, and home improvement loans reportable under the Home Mortgage Disclosure
Act (“HMDA”) and small business and small farm loans reportable under CRA were analyzed for overall
lending activity. However, small farm lending in the USVI was insufficient to analyze and HMDA loans
were insufficient to analyze separately by product. Examiners verified the integrity of a sample of 2019
and 2020 HMDA and small business loans reported by BPPR.
Evaluation Period
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
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Home mortgage, refinance, home improvement
4
, small farm, and small business loans originated or
purchased between January 1, 2019 and December 31, 2020 were verified and analyzed. Examiners also
reviewed community development loans, qualified investments, philanthropic grants, and community
development services from July 1, 2019 through March 31, 2022.
Lending Analysis
Under the lending test, borrower and geographic distribution analyses were based on loans made in BPPR's
assessment areas. BPPR’s performance in 2019 and 2020 was compared to the U.S. Department of
Commerce’s Bureau of the Census 2015 American Community Survey (“2015 ACS”) demographic data.
To evaluate the geographic distribution, the proportion of home purchase, refinance, and home
improvement loan originations located in low- and moderate-income (“LMI”) geographies was compared
to the proportion of owner-occupied housing units located in LMI geographies of the assessment area. For
small business loans, the analysis compared the proportion of loan originations located in LMI geographies
with the proportion of businesses located in LMI geographies, based on Dun & Bradstreet (“D&B”) data.
Performance in low-income and in moderate-income geographies were analyzed separately.
To analyze the distribution of home purchase, refinance, and home improvement lending by borrower
characteristics, the proportion of originations to LMI borrowers was compared to the proportion of LMI
families residing in the assessment area. Median family income (“MFI”) estimates from the FFIEC were
used to categorize borrower income. For small business lending, BPPR’s proportion of loans to businesses
with gross annual revenues (“GAR”) of $1 million or less, based on D&B data, were compared to the
proportion of all such businesses located in the assessment area. The size of the small business loans was
also used as a proxy to identify lending to businesses with GAR of $1 million or less.
Demographic and economic information was also considered. Information was obtained from publicly
available sources including the 2015 ACS, the U.S. Department of Labor (“DOL”), FFIEC, and U.S.
Department of Housing and Urban Development (“HUD”). USVI demographic and economic sources also
included the USVI Bureau of Economic Research and USVI Bureau of Labor Statistics.
Borrower profile and geographic distribution analyses were also based on BPPR’s 2019 and 2020
performance, which was compared, respectively, to 2019 and 2020 performance data for the aggregate of
all loan reporters in the bank’s assessment areas. Aggregate lenders included all lenders required to report
HMDA-reportable and CRA small business lending data within the assessment areas, except for the USVI
assessment area, as market aggregate data for HMDA lending were not available. For retail services,
BPPR’s branch distribution analysis was conducted using data as of December 31, 2021.
Only loans inside the assessment areas were included in the analysis of geographic and borrower
distribution. Before reaching a conclusion about the bank’s overall performance regarding geographic
distribution and borrower characteristics in each assessment area, examiners gave greater weight to certain
loan products. In each assessment area, a product’s volume compared to total retail lending volume
determined the weight of a product’s performance in the overall conclusion. Multifamily loans were not
analyzed for geographic and borrower loan distribution in any assessment area as the volume was
4
Home mortgage, refinance, and home improvement loans are referred to as “HMDA-related” loans throughout the
performance evaluation.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
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insufficient; however, multifamily loans were considered in the evaluation of assessment area concentration
and community development lending.
Community Development Activity Analysis
Community development activities were reviewed to determine whether the activities had community
development as a primary purpose and whether the community development activities benefitted the
assessment area. The eligibility of a loan, investment, or service as a community development activity was
based on demographic information available to the bank at the time the community development activity
was undertaken.
In addition, Puerto Rico and the US Virgin Islands were originally designated as major disaster areas due
to Hurricane Maria on September 20, 2017 and CRA consideration was given for CD activities in response
to the natural disaster. Per CA Letter 21-9 issued on May 27, 2021, the agencies granted a 36-month
extension to the original period provided in CA 18-1 as a result of an earthquake that hit Puerto Rico in
2020 and Hurricane Ida in 2021. Examiners reviewed submitted CD loans responding to the disaster
declaration for CD consideration.
Due to the impacts of the 2020 COVID-19 pandemic, in accordance with CA Letter 21-5 Community
Reinvestment Act (CRA) Consideration for Activities in Response to the Coronavirus and its attachments,
qualified community development activities supporting community needs related to the COVD-19
pandemic were also given consideration.
Qualified community development activities were analyzed from both the quantitative and qualitative
perspectives to understand the volume of activity impacting the assessment area, the innovativeness of those
activities, and the responsiveness to local community development and credit needs. When appropriate,
peer comparisons were conducted using annualized metrics to gauge the relative performance of the
institution in a particular assessment area. Peer banks were selected based on asset size, deposits, branching
structure, and presence within Puerto Rico and the USVI.
Community Contacts and Additional Performance Context Information
In order to learn more about community credit needs, examiners conducted interviews and received
comments from three non-profit agencies. Due to the coverage of these community contacts, discussions
of the identification of community credit needs is provided at the Institution level instead of at the individual
assessment area level.
The first community contact was held with a Community Development Financial Institution (“CDFI”)
operating throughout Puerto Rico and the U.S. Virgin Islands. The CDFI’s main foci include workforce,
housing, and economic development. The CDFI representative stated that access to capital for small
businesses in rural areas, very small “mom and pop” businesses, entrepreneurs who are starting businesses,
and small businesses is needed and particularly for working capital to fund repairs and post disaster
reconstruction. The representative said that access to credit was a challenge as traditional banks lend very
little to small businesses in LMI areas, especially those that are not established. Additionally, they stated
that access to credit for small business in the USVI is more of a challenge than PR and there is less access
to technical assistance, thus this is a need.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
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The representative stated that the largest banks in PR and the USVI have invested in community programs.
However, these are mostly focused on social programs and affordable housing and less focused on lending
to small and very small/new business in LMI areas. The contact mentioned that PPP lending during the
COVID-19 pandemic did increase lending to businesses. However, only a small percentage of these loans
went to small and very small businesses, especially those without existing banking relationships.
A second community contact was conducted with a community foundation, focused on promoting access
to renewable energy, drinking water, housing, community economic development and education in Puerto
Rico, which launched a Community Investment Fund in 2016. The contact stated that all banks in Puerto
Rico have invested small amounts in the fund, which supported affordable housing and economic
development and provided capital to non-profit organizations. The representative noted that economic
conditions have improved slightly since 2020 due to the influx of federal funds during the pandemic and
the rise in tourism. However, for LMI areas and individuals, credit needs continue to be significant and
unmet. There continues to be a significant need for capital to fund reconstruction and mitigation projects
in recovery areas prior to federal fund reimbursement.
The third contact also emphasized that affordable housing remains a significant credit need and noted that
the shortage in affordable housing inventory is in part due to the high number of abandoned or dilapidated
properties stemming from the lack of available credit for restoration of LMI housing. The contact explained
that the need for affordable housing is spread out across Puerto Rico. However, there is a greater need in
areas of lowest economic development which include the south and central rural areas of the island. Non-
profits, which are well suited to meet community development needs, also face challenges in getting
working capital. The representative noted that the large banks in Puerto Rico have invested in their
Community Investment Fund and others, but that their investments are typically better suited for larger-
scale, more traditional infrastructure or housing projects than for smaller, more targeted non-profit funding.
Additionally, it was noted that smaller non-profits are often not set up to be able to manage large dollar
funding or projects as they are tailored for small dollar amounts and micro-loans.
A fourth community contact was held with a representative of the USVI hotel industry. The representative
noted that the tourism industry in the USVI has been booming since 2021 and the hotels and restaurants
cannot open fast enough. Several large hotels and restaurants that closed because of damage from the last
hurricane are expected to reopen post hurricanes in 2022. The representative stated that the biggest need
in the USVI currently is affordable housing, especially for workers in the tourism industry. Due to the lack
of hotel rooms during the pandemic when tourism demand was surging, there was a significant shift from
longer term rentals to short-term Airbnb vacation rentals, in turn drastically reducing the supply of
affordable longer-term rentals and noticeably driving up costs across the board.
Performance Context
The annual unemployment rate for the Commonwealth experienced an overall downward trend from 2019
to 2021 with the unemployment rate declining from 8.3% in 2019 to 7.8% in 2021. The COVID-19
pandemic caused businesses to close or reduce their workforce across Puerto Rico which increased the
unemployment rate by 0.6% in 2020. However, the rate decreased rapidly to below the pre-pandemic level
in 2021, though Puerto Rico’s unemployment rate was still higher than that of the mainland U.S.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
9
Puerto Rico has suffered from a severe and prolonged economic slump for more than a decade, with gross
domestic product, population, and employment all on a downward trend since 2006
5
, when a tax incentive
for manufacturers—Section 936—was phased out. The pharmaceutical industry continued as a key part of
the PR’s economy, though employment in this industry was cut in half since the phase-out began. While
Puerto Rico’s tourism sector was relatively small, it was one of the few industries that adding jobs in recent
years. In addition, a fledgling aerospace industry emerged around Aguadilla and Arecibo. Wages and
educational attainment in Puerto Rico tended to be about half the level of the U.S. mainland, and income
inequality was considerably higher. Puerto Rico also suffered from high sovereign debt and experienced a
fiscal crisis.
Puerto Rico has a very high poverty rate; based on estimates, approximately 40.5% of persons in Puerto
Rico lived in poverty
6
compared to, for example, the 11.6% of people in the mainland United States in
2021.
7
The Commonwealth experienced an economic crises in the recent past, with government funding
reductions due to the debt crisis, and required oversight by a financial control board under the Puerto Rico
Oversight Management and Economic Stability Act (PROMESA), as well as the effects of Hurricane Maria.
The PROMESA law required austerity measures and provided Puerto Rico with a mechanism to restructure
their debt which occurred in March 2022.
The economic challenges led to substantial consolidation of the banking industry in Puerto Rico.
Management noted that over the past decade, the number of consumer banks were reduced by half. The
Bank of Nova Scotia had been reducing its operations and, in 2019, Oriental Bank and FirstBank acquired
Scotiabank’s and Banco Santander SA’s operations, respectively.
Natural Disasters
Puerto Rico has been significantly impacted by natural disasters which have had prolonged impacts on the
island’s economy, population, and infrastructure. These included Hurricane Maria in September 2017,
earthquakes in late 2019 and early 2020, and the ongoing COVID-19 pandemic of 2020-2021.
Hurricane Maria had a severe effect on Puerto Rico, causing significant challenges to the population and
infrastructure, including the most extensive blackout in U.S. history, and also exacerbated preexisting
economic difficulties. In total, Hurricane Maria caused approximately $90 billion in damage. In the
aftermath, over 200,000 Puerto Ricans left for the mainland U.S., many temporarily and some permanently,
and island residents had no access to public utilities for almost a year. Three years after Hurricane Maria,
the island experienced destructive earthquakes followed by the COVID-19 pandemic.
Deriving Overall Conclusions
Before reaching a conclusion about the overall performance regarding geographic distribution and borrower
characteristics in the assessment areas, examiners compared loan originations in each loan product category
5
Federal Reserve Bank of New York - Regional Economy Profile: Puerto Rico
6
U.S. Census Bureau: Puerto Rico
7
Poverty in the United States: 2021 (census.gov)
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
10
to total retail lending volume to determine the influence of performance by product on the overall
conclusion.
In deriving overall conclusions, BPPR's performance in Puerto Rico received the most weight in
determining the overall rating because of the high concentration of deposits, branches, and lending in the
Commonwealth. BPPR's performance in the Puerto Rico assessment areas accounted for 97.5% of its total
retail deposits and 98.9% of total HMDA-reportable and small business lending activity. Performance in
the USVI had the second highest weight in determining the bank's overall rating. In reaching a conclusion
about BPPR's overall performance within an individual assessment area, products were weighted based on
their volume in that area.
In order to derive the rating for Puerto Rico, full-scope assessment areas were weighted based on the
proportion of loan originations and deposits in each. As a result, MSA 41980 (San Juan-Bayamón-Caguas,
PR) had a significant impact on assessing the overall performance of the bank, capturing 87.9% of the
branch deposits and 70.5% of total loans within Puerto Rico. Two additional assessment areas, MSA 10380
(Aguadilla-Isabela, PR) and MSA 38660 (Ponce, PR), that had a lesser, but still important, impact on the
overall rating, were also chosen as full scope assessment areas.
The combined full scope review areas made up 83.0% of the bank's loan volume, 76.0% of the bank’s
branches, and 90.6% of the bank’s deposits in Puerto Rico. Limited scope reviews were conducted of the
bank's performance in the other Puerto Rico assessment areas.
CONCLUSION WITH RESPECT TO PERFORMANCE TESTS
LENDING TEST
Banco Popular de Puerto Rico's overall performance in meeting the credit needs of its assessment area is
rated High Satisfactory. Lending levels reflected good responsiveness to Assessment Area (AA) credit
needs. A substantial majority of loans were made in the bank's AA. The geographic distribution of loans
reflected adequate penetration throughout the AA. The distribution of borrowers reflected, given the
product lines offered, adequate penetration among customers of different income levels and businesses of
different sizes. The bank exhibited an adequate record of serving the credit needs of low-income individuals
and areas and very small businesses. The bank made a relatively high level of CD loans. The bank made
use of innovative and/or flexible lending practices in serving AA credit needs.
Lending Activity
BPPR’s lending levels reflected good responsiveness to assessment area credit needs given the bank’s
capacity and overall market conditions, including the state of the housing market and economic conditions
in Puerto Rico and the USVI. Overall, BPPR originated or purchased 68,602 HMDA-related, small
business, and small farm loans during the evaluation period, totaling approximately $5.2 billion.
The following table summarizes BPPR’s lending activity during the review period.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
11
SUMMARY OF LENDING ACTIVITY
January 1, 2019– December 31, 2020
Loan Type
#
%
$(000s)
%
Home Purchase
7,829 11.4% $1,249,005 24.2%
Refinancing
2,209 3.2% $387,579 7.5%
Home Improvement
133 0.2% $16,892 0.3%
Multi-Family
15 0.0% $74,124 1.4%
Loan Purpose Not Applicable
12,048 17.6% $1,093,672 21.2%
Total HMDA-related
22,234 32.4% $2,821,271 54.6%
Small Business
45,289 66.0% $2,299,702 44.5%
Small Farm
1,079 1.6% $44,500 0.9%
TOTAL LOANS 68,602 100.0% $5,165,473 100.0%
*Note: Affiliate loans not included.
Assessment Area Concentration
A substantial majority of the loans originated or purchased by BPPR were made in the bank’s assessment
areas as detailed in the Lending Inside and Outside the Assessment Area chart below. All but 0.1% of
BPPR’s loans during the 2019 and 2020 review period were originated or purchased in its assessment areas.
LENDING INSIDE AND OUTSIDE THE ASSESSMENT AREA
January 1, 2019– December 31, 2020
Loan Type Inside Outside Total
#
%
$(000s)
%
#
%
$(000s)
%
#
%
$(000s)
%
Home
Purchase
7,829 100% $1,249,005 100.0% 0 0.0% $0 0.0% 7,829 100.0% $1,249,005 100.0%
Refinancing 2,207 99.9% $386,498 99.7% 2 0.1% $1,080 0.3% 2,209 100.0% $387,579 100.0%
Home
Improvement
133 100.0% $16,892 100.0% 0 0.0% $0 0.0% 133 100.0% $16,892 100.0%
Multi-Family 12 80% $73,908 99.7% 3 20% $216 0.3% 15 100.0% $74,124 100.0%
Loan Purpose
NA
12,048 100.0% $1,093,672 100.0% 0 0.0% $0 0.0% 12,048 100.0% $1,093,672 100.0%
Total HMDA-
related
22,229 100.0% $2,819,975 100.0% 5 0.0% $1,296 0.0% 22,234 100.0% $2,821,271 100.0%
Small
Business
45,265 99.9% $2,297,926 99.9% 24 0.1% $1,776 0.1% 45,289 100.0% $2,299,702 100.0%
Small Farm 1,078 99.9% $44,479 100.0% 1 0.1% $21 0.0% 1,079 100.0% $44,500 100.0%
TOTAL
LOANS
68,572 99.9% $5,162,380 99.9% 30 0.1% $3,093 0.1% 68,602 100.0% $5,165,473 100.0%
Geographic Distribution of Loans
Overall, the geographic distribution of HMDA-related and small business and small farm loans reflected
adequate penetration throughout the assessment area based on the lending performance in Puerto Rico, and
the bank’s level of loan penetration in LMI geographies in MSA 41980 (San Juan-Bayamón-Caguas, PR),
MSA 10380 (Aguadilla-Isabela, PR) and MSA 38660 (Ponce, PR), and to a lesser extent, the bank’s
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
12
adequate performance in the USVI. The analysis considered performance context factors such as the
number of owner-occupied housing units in LMI geographies and the market aggregate’s performance.
Distribution by Borrower Income and Revenue Size of Business
The overall distribution of loans among borrowers of different income levels and businesses and farms of
different sizes was adequate based on the lending performance in Puerto Rico, driven primarily by the
bank’s performance in MSA 41980 (San Juan-Bayamón-Caguas, PR), MSA 38660 (Ponce, PR), the USVI
and the bank’s good performance in the lesser weighted MSA 10380 (Aguadilla-Isabela, PR). The lending
analysis considered performance context factors such as the disparity between housing prices and incomes,
which generally places owner-occupied housing beyond the reach of LMI families.
Community Development Lending
BPPR made a relatively high level of community development loans. During the evaluation period, the
bank made 535 qualified community development loans, totaling $1.1 billion in its assessment areas.
Annualized, the bank made 195 CD loans totaling $385 million. This represented a 25.0% decrease by
number and a 27.3% decrease by dollar when compared to the bank’s annualized CD lending during the
previous exam period. When compared to two peer banks and its own performance during the last exam
period, BPPR ranked fourth when comparing annualized community development loans to total deposits,
ranked third when comparing annualized CD loans as a percentage of Tier 1 capital, and ranked fourth
relative to annualized CD loans as a percentage of average assets.
As detailed in the chart below, the bank’s qualified community development lending was responsive to
identified economic development, revitalization and stabilization, and community service needs.
Additionally, of the bank’s total qualified community development lending, 133 loans, totaling $272
million, were originated under the PPP loan program established by the Coronavirus Aid, Relief, and
Economic Security Act (“CARES Act”) of 2020 and designed to provide direct capital for small businesses
adversely affected by the COVID-19 pandemic to keep workers on small business payrolls and is found to
be particularly responsive to the acute credit needs during this timeframe.
8
COMMUNITY DEVELOPMENT LOAN SUMMARY
July 1, 2019 - March 31, 2022
Assessment
Area
Affordable
Housing
Economic
Development
Community
Service
Revitalization &
Stabilization
Total
# $(000s) # $(000s) # $(000s) # $(000s) # $(000s)
MSA 41980 4 $13,301 31 $141,419 225 $261,922 121 $421,035 381 $837,677
MSA 10380 1 $714 3 $4,601 24 $3,425 7 $18,536 35 $27,276
8
Pursuant to CA 21-5: CRA Considerations for Activities in Response to the Coronavirus - FAQs, PPP in amounts
greater than $1 million submitted by the bank were reviewed and qualified for consideration as community
development loans if they also had a primary purpose of community development as defined under the CRA.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
13
MSA 38660 0 $0 3 $1,265 27 $16,849 9 $14,832 39 $32,946
MSA 11640 0 $0 2 $1,427 10 $1,754 3 $4,494 15 $7,676
MSA 25020 0 $0 1 $20,929 1 $4,000 2 $4,586 4 $29,515
MSA 32420 4 $1,453 5 $15,795 13 $5,581 5 $11,312 28 $34,141
MSA 41900 3 $3,831 1 $32 4 $3,174 0 $0 7 $7,038
MSA 49500 0 $0 0 $0 0 $0 0 $0 0 $0
Non-Metro
PR
0 $0 3 $1,564 10 $1,239 0 $0 12 $2,803
Puerto Rico
12
$19,299
49
$187,032
314
$297,944
147
$474,795
522
$979,072
USVI
0
$0
0
$0
3
$2,670
10
$76,057
13
$78,725
Total CD
Loans
12 $19,299 49 $187,032 317 $300,614 157 $550,852 535 $1,057,797
% of Total 2.2% 1.8% 9.2% 17.7% 59.3% 28.4% 29.3% 52.1% 100.0% 100.0%
Innovative and/or Flexible Lending Practices
BPPR made use of innovative and/or flexible lending practices in serving assessment area credit needs. A
number of BPPR’s products, while not new, were responsive to community needs in the bank’s assessment
areas. These included:
• Small Business Administration (“SBA”) lender programs were offered, including the Certified
Lenders Program (“CLP”), and Preferred Lenders Program (“PLP”). BPPR offered loans through
the SBA 504 program.
• Pronto Popular offers the First Home Club (“FHC”) grant program in conjunction with the Federal
Home Loan Bank of New York (“FHLBNY”). The program is a non-competitive set-aside
program which assists first-time homebuyers with incomes at or below 80% of Area Median
Income (“AMI”). Assistance is provided in the form of matching funds based on the household’s
systematic savings within a dedicated savings account. Based on a 4:1 match of household’s
savings, the maximum grant is $7,500. The matching funds may be used toward the down payment
and/or closing costs for the purchase of a home. Additionally, FHC provided up to $500 towards
the defrayment of non-profit housing agency counseling costs which is added to the grant resulting
in the potential maximum assistance of $8,000.
• Homebuyer Dream Program (“HDP”) is a homeownership set-aside program established by the
FHLBNY and offered by BPPR. The HDP provides funds in the form of a grant to be used towards
down payment and closing cost assistance to first-time homebuyers earning at or below 80% of the
AMI and purchasing homes in New York, New Jersey, Puerto Rico or the U.S. Virgin Islands. The
HDP offered grants up to $10,000 and granted up to $9,500 towards down payment and closing
cost assistance to eligible first-time homebuyers. Additionally, the HDP offered up to $500 towards
the defrayment of homeownership counseling costs which is added to the grant.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
14
• HOME Investment Partnerships Program provides annually awarded grants through the Puerto
Rico Housing Authority and HUD to participating jurisdictions for a wide range of activities to
create affordable housing for low-income households.
• Homebuyer Assistance Program (“HAP”) that utilized Community Development Block Grant
Disaster Recovery (“CDBG-DR”) funds to provide direct assistance to homebuyers to facilitate
and expand homeownership. CDBG-DR funds subsidize interest rates and mortgage principal
amounts, pay up to 100 percent (100%) of the down payment required by the mortgage for, or
reasonable closing costs associated with, the purchase on behalf of the purchaser.
• BPPR offered two disaster recovery grant programs through the FHLBNY: Homeowner Recovery
Grant Program and the Small Business Recovery Grant program. These programs assisted
homeowners and small businesses in Puerto Rico and the U.S. Virgin Islands that sustained damage
as a direct result of Hurricanes Irma and Maria in September 2017, the earthquake in 2020, and
Hurricane Ida in 2021. BPPR served as an intermediary and was responsible for identifying
potential beneficiaries and for collecting, verifying, and retaining eligibility documentation.
• StartUp Popular provided financing, coaching, and networking for business with proven ideas that
have been operating for less than two years. Financing was provided through loans structured to
meet the needs and profiles of start-up clients, such as lower interest rates and payments during
initial repayment. In addition, loans provided up to a full year of lower payments to invest the
provided funds and build a cash flow. Other benefits included commercial service fee discounts
such as: free online banking for 12 months, free commercial checking for 12 months, direct service
with the StartUp team, and free marketing through the StartUp initiative campaign.
• The JumpStart program, an initiative for commercial customers affected by the earthquakes in
municipalities declared an emergency by the Federal Emergency Management Agency (“FEMA”),
consisted of allocating funds for any need that arose in the wake of the earthquakes. In addition,
the program provided an accelerated evaluation process and more attractive financing terms than a
regular loan.
• BPPR participated in HUD’s Neighborhood Stabilization Program (“NSP”) which provided
emergency assistance to state and local governments to acquire and redevelop foreclosed properties
that might otherwise become sources of abandonment and blight within their communities. The
NSP provided grants to states, certain local communities, and other organizations to purchase
foreclosed or abandoned homes and to rehabilitate, resell, or redevelop these homes in order to
stabilize neighborhoods and stem the decline of house values of neighboring homes. Additionally,
very low, low to moderate- and median-income families received a discount of appraisal value to
use toward down payment for the purchase of the rehabilitated property.
• Other innovative and/or flexible lending programs included:
o Section 8 to Homeownership – housing Choice Voucher Program;
o Veterans Administration Loans;
o Special loan modifications;
o SBA PPP loans; and
o COVID-19 payment relief program that offered a 90-day forbearance on retail loans.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
15
INVESTMENT TEST
BPPR’s performance relative to the investment test is rated High Satisfactory based on a significant level
of qualified CD investments and grants, particularly those not routinely provided by private investors,
occasionally in a leadership position. Overall, the bank made significant use of innovative and/or complex
investments to support CD initiatives based on significant use in Puerto Rico and occasional use in the
USVI. The bank exhibited adequate responsiveness to credit and CD needs in its assessment areas.
During the current evaluation period, the bank made 490 qualified CD investments totaling $200.5 million,
of which, 446 totaling $13 million were CD grants and 44 totaling $187.5 million were investments. Of
the 44 investments, 17, or 38.6%, were prior period investments with a book value of $70.1 million as of
March 31, 2022.
Over the 33-month evaluation period, the bank’s annualized total qualified investments, including
investments and grants, equaled 178 by number and $72.9 million by dollar. Annualized separately, the
bank’s CD investments totaled 16 by number and $68.2 million by dollar, while the bank’s grants totaled
162 by number and $4.7 million by dollar. When comparing BPPR’s annualized CD investment activity
to levels exhibited during the prior exam period, the bank’s total qualified CD investments, including grants,
increased 70.3% by dollar. More specifically, when compared to the prior exam levels, the bank’s
annualized CD investments alone increased 106% by number and 77.1% by dollar, while the bank’s
annualized CD grants decreased 65.2% by number but increased 10.1% by dollar. The bank’s increase in
annualized CD investments was noteworthy and supported a performance rating upgrade in the investment
test from the last exam, in which the bank’s investment test performance was rated a low satisfactory.
When compared to two peer banks and its own performance during the last exam period, BPPR ranked
second when comparing annualized CD investments loans to total deposits, ranked second when comparing
annualized CD investments as a percentage of Tier 1 capital, and ranked second relative to annualized CD
investments as a percentage of average assets.
Overall, the bank made significant use of innovative and complex investments to support CD initiatives,
driven by significant use in Puerto Rico and occasional use in the USVI. Out of 44 investments, two,
totaling $8.5 million, were considered complex and three, totaling $109 million, were considered
innovative.
One complex investment was made in Popular Community Capital (“PCC”).
• Established by BPPR in 2016, PCC’s focus was on job creation and support services targeted to
LMI individuals and communities. PCC accomplished this by providing capital to small businesses
located in LMI census tracts, and to businesses of all sizes serving LMI individuals. PCC qualified
for a New Markets Tax Credits (“NMTC”) allocation; a complex structure aimed at serving low-
income communities.
BPPR’s innovative investments also included investments in the Popular Mezzanine Fund and the Impact
Fund.
• In 2017, BPPR established the Popular Mezzanine Fund, an innovative way to invest in the Puerto
Rico amid the shift in available government investment vehicles. This fund was aimed exclusively
at meeting the credit needs of Puerto Rican communities, including those that were LMI, as public
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
16
welfare investments. Economic development and job creation were core objectives, as was
providing capital to those unable to obtain traditional financing.
• The Impact Fund, an investment product established by the bank, invested in companies that
fostered innovation in the financial services sector or sought to address challenges faced by the
communities in which the bank does business, such as access to financial services, community
development, and environmental sustainability. BPPR made an initial investment of $9 million to
the Impact Fund.
BPPR exhibited adequate responsiveness to credit and community development needs. The bank invested
and donated across Puerto Rico and the USVI, supporting small businesses and LMI individuals through
the creation and retention of jobs, community service, and worked to rebuild PR and the USVI after natural
disasters and the COVID-19 pandemic.
As for CD investments in affordable housing, a significant need in LMI communities across PR and the
USVI, 36 of the bank’s 37 investments with a primary purpose of affordable housing were mortgage-backed
securities, which is considered less complex.
BPPR’s investment activity is illustrated in the Qualified Investments and Grants Summary table. BPPR’s
investments impacted many areas of Puerto Rico and were not targeted to one county, MSA, or non-
metropolitan area. Because the bank did not exclude any areas in Puerto Rico from its assessment areas,
investments that did not have geographic specifications or exclusions are attributed to benefitting all of
Puerto Rico in the analysis and are represented under “All PR” in the subsequent table.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
17
COMMUNITY DEVELOPMENT INVESTMENT SUMMARY
July 1, 2019 - March 31, 2022
Assessment
Area
Affordable
Housing
Economic
Development
Community
Service
Revitalization &
Stabilization
Total
# $(000s) # $(000s) # $(000s) # $(000s) # $(000s)
MSA 41980 0 $0 28 $5,934 263 $6,591 15 $745 306 $13,270
MSA 10380 0 $0 0 $0 8 $169 1 $25 9 $194
MSA 38660 0 $0 1 $53 16 $422 1 $55 18 $530
MSA 11640 0 $0 0 $0 5 $70 0 $0 5 $70
MSA 25020 0 $0 0 $0 0 $0 0 $0 0 $0
MSA 32420 0 $0 1 $160 10 $106 0 $0 11 $266
MSA 41900 0 $0 0 $0 1 $25 0 $0 1 $25
MSA 49500 0 $0 0 $0 0 $0 0 $0 0 $0
Non-Metro PR 0 $0 0 $0 5 $81 1 $28 6 $109
All PR 25 $90,304 13 $92,515 43 $1,395 3 $495 84 $184,709
Puerto Rico
25
$90,304
43
$98,662
351
$8,859
21
$1,348
440
$199,173
USVI
12
$1,039
0
$0
37
$243
1
$40
50
$1,322
Total CD
Investments
37 $91,343 43 $98,662 388 $9,102 22 $1,388 490 $200,495
% of Total 7.6% 44.2% 8.8% 50.7% 79.2% 4.4% 4.5% 0.7% 100.0% 100.0%
SERVICE TEST
BPPR’s overall rating on the service test is High Satisfactory based primarily on ratings for the full scope
assessment areas.
Delivery systems were readily accessible to the bank's geographies and individuals of
different income levels in its AA. The bank's record of opening and closing of branches did not adversely
affect the accessibility of its delivery systems, particularly to low- and moderate-income (LMI) geographies
and/or LMI individuals. Services were tailored to convenience and needs of its AA, particularly LMI
geographies and/or LMI individuals. The bank provided a relatively high level of CD services.
Retail Services
BPPR’s branches were readily accessible to all geographies of its assessment areas. The bank operated 167
branches, of which one was a limited purpose-branch. Of the bank’s total branches, 49, or 29.3%, were in
LMI areas, compared to 26.7% of the assessment areas’ population residing in LMI areas. Additionally,
seven, or 4.2%, of the branches were in distressed or underserved non-metropolitan middle-income
geographies.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
18
Alternative delivery systems somewhat enhanced BPPR’s performance in its assessment areas. BPPR
operated a total of 635 ATMs throughout its assessment areas, of which 341 ATMs were located on-site at
BPPR’s branches. Of the 294 ATMs located off-site, 10, or 3.4%, were located in low-income geographies
and 46, or 15.6%, were in moderate-income geographies. BPPR’s ATMS were equipped with a new feature
called Easy Payment which allowed customers to make payments to the businesses registered in their profile
and to all Popular brand businesses: Popular Mortgage, Popular Auto, credit cards, personal loans, and
reserve lines. Easy Payment could also be used to pay bills to the Aqueduct and Sewer Authority (PRASA),
Liberty, DirecTV, Claro, and Open Mobile. BPPR offered other alternative delivery systems such as bank-
by-mail, internet banking, mobile banking, Mi Banco Alerts, ATH Móvil, and Easy Deposits service. In
addition, BPPR provided 24/7/365 customer service.
BPPR’s record of opening and closing branches did not adversely affect the overall accessibility of its
delivery systems to low- and moderate-income geographies and individuals. During the evaluation period,
BPPR opened one branch in a low-income census tract and relocated two branches, of which one was in a
moderate-income census tract. Additionally, BPPR consolidated five branches into existing branches, none
of which were in LMI census tracts.
Saturday, Sunday, and holiday hours were widely scheduled and tailored to meet the convenience and needs
of the assessment areas, particularly LMI geographies and individuals. Of the 49 branches in LMI areas,
27, or 55.1%, had Saturday, Sunday or holiday hours.
BRANCH LOCATION BY INCOME TRACT
As of December 31, 2021
Tract
Income
Category
Branches ATMs
# % # %
Low 15 9.0% 40 6.3%
Moderate 34 20.4% 107 16.9%
LMI Combined 49 29.3% 147 23.2%
Middle 58 34.7% 209 32.9%
Upper 57 34.1% 261 41.1%
Unknown 3 1.8% 18 2.8%
Total 167 100.0% 635 100.0%
Community Development Services
BPPR provided a relatively high level of CD services in its assessment areas. BPPR conducted 2,599
qualified community service events, representing an overall decrease of 6.0% in annualized community
development services since the previous CRA examination. The bank’s qualified community development
services consisted of a wide variety of events related to the financial education of children and adults, first-
time homebuyers, economic development, and technical assistance.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
19
The Community Development Services table below illustrates the type and number of community
development services provided. The bank’s community development events included participation in a
significant number of financial education seminars targeted to LMI individuals and technical assistance
provided to community organizations and small businesses.
COMMUNITY DEVELOPMENT SERVICES SUMMARY
July 1, 2019 - March 31, 2022
Activity Type
CD Activity
Number
Board & Committee Memberships 172
Technical Assistance 1,023
Seminars and Other Services 1,404
Total 2,599
FAIR LENDING OR OTHER ILLEGAL CREDIT PRACTICES REVIEW
BPPR was in compliance with the substantive provisions of the anti-discrimination laws and regulations.
No evidence of discriminatory of other illegal credit practices was identified as being inconsistent with
helping to meet the credit needs of the assessment area. The Dodd-Frank Wall Street Reform and Consumer
Protection Act of 2010 (Dodd-Frank Act) established the Consumer Financial Protection Bureau (CFPB).
In general, the Dodd-Frank Act gives the CFPB, among other things, primary evaluation and enforcement
authority over insured depository institutions with total assets of more than $10 billion when assessing
compliance with the requirements of Federal consumer financial laws, including BPPR. The Federal
Reserve, however, retains authority to enforce compliance with the CRA and certain other consumer
compliance laws and regulations. During the review period of this evaluation, January 1, 2019 through
December 31, 2020, the Federal Reserve did not cite violations involving discriminatory or other illegal
credit practices that adversely affected the Federal Reserve's evaluation of the bank's CRA performance.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
20
COMMONWEALTH OF PUERTO RICO
CRA RATING FOR PUERTO RICO: SATISFACTORY
The Lending Test is rated: High Satisfactory
The Investment Test is rated: High Satisfactory
The Service Test is rated: High Satisfactory
The major factors supporting the rating include:
Lending Test
• Lending levels reflected good responsiveness to assessment area credit needs.
• The geographic distribution of loans reflected adequate penetration throughout the AA.
• The distribution of borrowers reflected, given the product lines offered, adequate penetration
among customers of different income levels and businesses of different sizes.
• Exhibited an adequate record of serving the credit needs of low-income individuals and areas and
very small businesses.
• Made a relatively high level of community development loans.
• Made use of innovative and/or flexible lending practices in serving assessment area credit needs.
Investment Test
• Made a significant level of qualified community development investments and grants, particularly
those not routinely provided by private investors, occasionally in a leadership position.
• Made significant use of innovative and/or complex investments to support community development
initiatives.
• Exhibited adequate responsiveness to credit and community development needs.
Service Test
• Delivery systems were readily accessible to the bank's geographies and individuals of different
income levels in its assessment area.
• Record of opening and closing of branches did not adversely affect the accessibility of its delivery
systems, particularly to LMI geographies and/or LMI individuals.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
21
• Services were tailored to convenience and needs of its assessment area, particularly LMI
geographies and/or LMI individuals.
• Provided a relatively high level of community development services.
SCOPE OF EXAMINATION
Examiner evaluation of BPPR’s activities in the Commonwealth of Puerto Rico consisted of full-
scope reviews of MSA 41980 (San Juan-Bayamón-Caguas, PR), MSA 10380 (Aguadilla-Isabela,
PR), and MSA 38660 (Ponce, PR). Additionally, limited scope assessment areas in Puerto Rico
were conducted for MSA 11640 (Arecibo, PR), MSA 25020 (Guayama, PR), MSA 32420
(Mayagüez, PR), MSA 41900 (San Germán, PR), MSA 49500 (Yauco, PR), and Non-Metropolitan
Puerto Rico, which did not contribute to the overall rating. BPPR's performance in the Puerto
Rico’s combined full scope review areas made up 83.0% of the bank's loan volume, 76.0% of the
bank’s branches, and 90.6% of the bank’s deposits in Puerto Rico and accounted for 97.5% of its
total retail deposits and 98.9% of total HMDA-reportable and small business lending activity.
In order to derive the rating for Puerto Rico, full-scope assessment areas were weighted based on
the proportion of loan originations and deposits in each. As a result, MSA 41980 (San Juan-
Bayamón-Caguas, PR) had a significant impact on assessing the overall performance of the bank,
capturing 87.9% of the branch deposits and 70.5% of total loans within Puerto Rico.
DESCRIPTION OF INSTITUTION'S OPERATIONS
As of December 31, 2021, BPPR operated the largest branch network in Puerto Rico with and 294 off-site
ATMs. Based on deposits reported to the Federal Deposit Insurance Corporation (“FDIC”) as of June 30,
2021, BPPR’s branch deposits represented 51.9% of all bank deposits in the Commonwealth of Puerto
Rico. BPPR’s primary bank competitors in Puerto Rico for assessment area deposits included Citibank,
N.A., with 26.5% of deposit market share; FirstBank, which captured 13.3% of deposit market share; and
Oriental Bank, with 8.2% of deposit market share.
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS
Conclusions regarding BPPR’s performance in the Commonwealth of Puerto Rico with respect to the
lending, investment, and service tests are based on performance in
MSA 41980 (San Juan-Bayamón-
Caguas, PR), MSA 10380 (Aguadilla-Isabela, PR), and MSA 38660 (Ponce, PR). BPPR’s
performance under the lending, investment and service tests are rated High Satisfactory. Specific comments
regarding the lending, investment, and service tests are discussed below.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
22
METROPOLITAN AREA
MSA 41980 (SAN JUAN-BAYAMÓN-CAGUAS, PR)
(FULL REVIEW)
DESCRIPTION OF INSTITUTION'S OPERATIONS
As of December 31, 2021, the bank operated 106 branches in the MSA 41980 (San Juan-Bayamón-Caguas,
PR), of which 32 were in low- and moderate-income tracts. The assessment area is comprised of 30 low-,
160 moderate-, 215 middle -, and 154 upper-income tracts, as well as 39 unknown income tracts.
BPPR was the leader in deposit market share in MSA 41980 (San Juan-Bayamón-Caguas, PR), according
to the June 30, 2021 FDIC Summary of Deposit Report. The bank ranked first out of five financial
institutions in the assessment area with $48.5 billion in deposits, representing approximately 50.5% of
deposit market share and 87.2% of all BPPR’s deposits in Puerto Rico. MSA 41980 had the largest share
of the bank’s loans during the exam period with approximately 70.5% of BPPR’s lending volume in the
assessment area. The primary competitors in the area included Citibank, NA, FirstBank, and Oriental Bank.
PERFORMANCE CONTEXT
The following demographic and economic information were obtained from publicly available sources that
included the 2015 ACS, U.S. Department of Labor ("DOL"), D&B, FFIEC, and U.S. Department of
Housing and Urban Development ("HUD").
Demographic Characteristics
The MSA 41980 assessment area included Aguas Buenas, Aibonito, Barceloneta, Barranquitas, Bayamón,
Caguas, Canóvanas, Carolina, Cataño, Cayey, Ceiba, Ciales, Cidra, Comerío, Corozal, Dorado, Fajardo,
Florida, Guaynabo, Gurabo, Humacao, Juncos, Las Piedras, Loíza, Luquillo, Manatí, Maunabo, Morovis,
Naguabo, Naranjito, Orocovis, Río Grande, San Juan, San Lorenzo, Toa Alta, Toa Baja, Trujillo Alto, Vega
Alta, Vega Baja, and Yabucoa counties. The assessment area was comprised of the entire MSA. According
to the 2015 ACS, the population of the assessment area was 2,263,582. The assessment area consisted of
598 census tracts, of which 30 or 5.0% were low-income, 160 or 26.8% were moderate-income, 215 or
36.0% were middle-income, 154 or 25.8% were upper-income, and 39 or 6.5% were of unknown-income.
Income Characteristics
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
23
Based on the 2015 ACS data, the MSA 41980 assessment area had 558,600 families, of which 26.5% were
low-income (37.8% of which were below the poverty level), 15.0% were moderate-income, 15.7% were
middle-income, and 42.8% were upper income.
The FFIEC median family incomes for the counties that comprised the MSA as of the 2015 ACS were as
follows:
MSA 41980 (San Juan-Bayamón-Caguas, PR) - Median Family Income
Area
2010 Median
Family Income
2015 Median
Family Income
Percent
Change
MSA 41980 AA
$27,017
$25,617
-5.18%
Aguas Buenas Municipio, PR
$19,044
$18,123
-4.83%
Aibonito Municipio, PR
$20,679
$20,897
1.05%
Barceloneta Municipio, PR
$20,020
$17,260
-13.79%
Barranquitas Municipio, PR
$17,184
$15,274
-11.11%
Bayamón Municipio, PR
$32,071
$28,660
-10.63%
Caguas Municipio, PR
$28,834
$27,775
-3.67%
Canóvanas Municipio, PR
$26,268
$23,990
-8.67%
Carolina Municipio, PR
$33,906
$31,903
-5.91%
Cataño Municipio, PR
$23,816
$23,240
-2.42%
Cayey Municipio, PR
$24,142
$23,815
-1.35%
Ceiba Municipio, PR
$24,793
$23,504
-5.20%
Ciales Municipio, PR
$16,636
$16,419
-1.30%
Cidra Municipio, PR
$26,145
$25,033
-4.25%
Comerío Municipio, PR
$16,115
$14,889
-7.61%
Corozal Municipio, PR
$18,145
$17,669
-2.62%
Dorado Municipio, PR
$33,304
$32,144
-3.48%
Fajardo Municipio, PR
$24,060
$23,454
-2.52%
Florida Municipio, PR
$19,367
$18,837
-2.74%
Guaynabo Municipio, PR
$41,411
$42,763
3.27%
Gurabo Municipio, PR
$32,867
$34,612
5.31%
Humacao Municipio, PR
$23,497
$22,165
-5.67%
Juncos Municipio, PR
$22,086
$21,489
-2.70%
Las Piedras Municipio, PR
$22,793
$22,485
-1.35%
Loíza Municipio, PR
$24,418
$20,781
-14.89%
Luquillo Municipio, PR
$24,900
$22,476
-9.73%
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
24
Manatí Municipio, PR
$21,516
$23,289
8.24%
Maunabo Municipio, PR
$19,240
$21,563
12.08%
Morovis Municipio, PR
$16,085
$18,809
16.94%
Naguabo Municipio, PR
$19,720
$21,008
6.53%
Naranjito Municipio, PR
$18,046
$21,185
17.39%
Orocovis Municipio, PR
$15,707
$15,778
0.45%
Río Grande Municipio, PR
$26,309
$25,671
-2.43%
San Juan Municipio, PR
$30,598
$26,498
-13.40%
San Lorenzo Municipio, PR
$21,947
$20,300
-7.50%
Toa Alta Municipio, PR
$28,502
$33,043
15.93%
Toa Baja Municipio, PR
$28,847
$26,813
-7.05%
Trujillo Alto Municipio, PR
$36,894
$34,231
-7.22%
Vega Alta Municipio, PR
$21,386
$20,412
-4.55%
Vega Baja Municipio, PR
$21,013
$20,867
-0.70%
Yabucoa Municipio, PR
$20,792
$20,064
-3.50%
Puerto Rico
$23,700
$22,976
-3.05%
Source: 2006 - 2010 U.S. Census Bureau American Community Survey
2011 - 2015 U.S. Census Bureau American Community Survey
Median Family Incomes have been inflation-adjusted and are expressed in 2015 dollars.
Housing Characteristics
Based on the 2015 ACS data, the MSA 41980 assessment area had 983,154 housing units, of which 55.8%
were owner-occupied, 24.9% were rental, and 19.2% were vacant. Of the total housing units, 3.9% were
located in low-income tracts, 26.3% in moderate-income tracts, 39.3% in middle-income tracts, 30.0% in
upper-income tracts, and 0.4% in unknown-income tracts. In low-income census tracts, 25.3% of housing
units were owner-occupied, 55.8% were rental units, and 18.9% were vacant. In moderate-income census
tracts, 51.8% of housing units were owner-occupied, 27.1% were rental units, and 21.0% were vacant.
The median age of housing stock in the assessment area was 39 years old, with 5.8% of the stock built
before 1950. According to the 2015 ACS, the median housing value in the assessment area was $134,138
with an affordability ratio of 16.2. The median gross rent in the assessment area was $491 per month.
Geographic Area
2015 Median
Housing Value
2015 Affordability
Ratio
2015 Median
Gross Rent
MSA 41980 AA
$134,138
16.15
$491
Aguas Buenas Municipio, PR
$102,900
14.41
$420
Aibonito Municipio, PR
$129,600
13.35
$412
Barceloneta Municipio, PR
$106,300
14.31
$448
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
25
Barranquitas Municipio, PR
$99,000
14.48
$374
Bayamón Municipio, PR
$142,800
17.11
$547
Caguas Municipio, PR
$138,000
17.22
$512
Canóvanas Municipio, PR
$121,100
16.53
$493
Carolina Municipio, PR
$152,800
18.3
$615
Cataño Municipio, PR
$124,300
14.74
$336
Cayey Municipio, PR
$118,100
17.57
$457
Ceiba Municipio, PR
$97,300
21.28
$477
Ciales Municipio, PR
$108,200
11.67
$366
Cidra Municipio, PR
$118,200
19.73
$503
Comerío Municipio, PR
$92,700
14.16
$361
Corozal Municipio, PR
$101,800
14.83
$422
Dorado Municipio, PR
$140,300
19.21
$644
Fajardo Municipio, PR
$106,700
18.11
$468
Florida Municipio, PR
$91,300
16.42
$437
Guaynabo Municipio, PR
$200,400
17.32
$618
Gurabo Municipio, PR
$163,600
17.92
$586
Humacao Municipio, PR
$102,400
18.89
$466
Juncos Municipio, PR
$117,700
16.26
$424
Las Piedras Municipio, PR
$114,800
16.41
$456
Loíza Municipio, PR
$107,200
17.46
$455
Luquillo Municipio, PR
$111,000
16.37
$489
Manatí Municipio, PR
$114,900
15.81
$457
Maunabo Municipio, PR
$99,200
19.7
$345
Morovis Municipio, PR
$101,200
16.34
$472
Naguabo Municipio, PR
$94,100
19.88
$418
Naranjito Municipio, PR
$103,300
16.87
$426
Orocovis Municipio, PR
$107,600
13.11
$350
Río Grande Municipio, PR
$116,600
19.08
$531
San Juan Municipio, PR
$163,100
13.02
$466
San Lorenzo Municipio, PR
$119,200
13.87
$466
Toa Alta Municipio, PR
$150,000
19.98
$582
Toa Baja Municipio, PR
$135,600
17.19
$543
Trujillo Alto Municipio, PR
$158,900
18.97
$543
Vega Alta Municipio, PR
$122,200
14.74
$503
Vega Baja Municipio, PR
$116,200
14.59
$549
Yabucoa Municipio, PR
$91,600
17.06
$419
Puerto Rico
$120,500
16.06
$456
Housing Cost Burden
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
26
According to HUD's Comprehensive Housing Affordability Strategy data, within the assessment area,
31.6% of all rental households had rental costs that exceeded 30% of their incomes, 37.9% of low-income
rental households had rental costs that exceeded 30% of their income, and 44.1% of moderate-income rental
households had rental costs that exceeded 30% of their income.
According to HUD's data, within the assessment area, 25.1% of homeowners had housing costs that
exceeded 30% of their incomes, 42.4% of low-income homeowners had housing costs that exceeded 30%
of their income, and 32.8% of moderate-income homeowners had housing costs that exceeded 30% of their
income. See the "Housing Cost Burden" table below for more details.
MSA 41980 (San Juan-Bayamón-Caguas, PR) - 2020 Housing Cost Burden
Area
Cost Burden - Renters
Cost Burden - Owners
Low
Income
Moderate
Income
All
Renters
Low
Income
Moderate
Income
All
Owners
MSA 41980 AA
37.9%
44.1%
31.6%
42.4%
32.8%
25.1%
Aguas Buenas Municipio, PR
19.0%
16.1%
14.2%
33.3%
22.9%
20.2%
Aibonito Municipio, PR
54.0%
70.7%
43.7%
54.6%
29.5%
21.7%
Barceloneta Municipio, PR
26.1%
34.8%
22.3%
37.0%
26.6%
24.6%
Barranquitas Municipio, PR
70.4%
61.2%
53.0%
57.2%
35.9%
28.3%
Bayamón Municipio, PR
41.8%
52.2%
34.5%
47.5%
39.4%
26.2%
Caguas Municipio, PR
41.5%
46.4%
33.0%
46.3%
36.5%
24.8%
Canóvanas Municipio, PR
21.1%
26.2%
18.7%
31.5%
25.5%
23.9%
Carolina Municipio, PR
40.7%
54.3%
33.1%
51.9%
47.3%
27.5%
Cataño Municipio, PR
25.3%
42.9%
25.6%
34.2%
47.8%
26.1%
Cayey Municipio, PR
38.1%
34.7%
30.6%
39.1%
29.2%
23.0%
Ceiba Municipio, PR
32.4%
40.5%
20.8%
44.6%
46.0%
28.8%
Ciales Municipio, PR
7.3%
29.2%
12.8%
43.2%
14.5%
20.9%
Cidra Municipio, PR
25.6%
40.9%
23.6%
35.3%
24.8%
19.6%
Comerío Municipio, PR
36.6%
23.3%
28.7%
32.5%
17.1%
18.2%
Corozal Municipio, PR
31.5%
47.1%
26.1%
51.7%
22.0%
29.7%
Dorado Municipio, PR
26.6%
43.2%
24.4%
43.8%
23.0%
28.0%
Fajardo Municipio, PR
44.6%
27.5%
32.9%
38.7%
40.2%
24.5%
Florida Municipio, PR
45.5%
54.2%
43.1%
37.3%
19.6%
21.6%
Guaynabo Municipio, PR
39.8%
31.8%
29.7%
53.4%
34.9%
27.7%
Gurabo Municipio, PR
45.4%
44.1%
32.3%
51.6%
31.3%
26.3%
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
27
Humacao Municipio, PR
35.8%
33.5%
30.1%
39.7%
24.7%
20.7%
Juncos Municipio, PR
44.8%
15.0%
29.3%
37.6%
42.3%
28.2%
Las Piedras Municipio, PR
28.1%
61.4%
27.9%
37.7%
30.7%
22.0%
Loíza Municipio, PR
28.6%
25.0%
21.6%
27.6%
30.3%
22.0%
Luquillo Municipio, PR
43.9%
44.1%
35.3%
41.8%
35.1%
26.7%
Manatí Municipio, PR
40.6%
44.6%
31.6%
39.0%
29.4%
22.2%
Maunabo Municipio, PR
29.6%
13.8%
18.7%
44.6%
19.8%
17.4%
Morovis Municipio, PR
22.6%
29.9%
22.3%
39.1%
18.8%
22.4%
Naguabo Municipio, PR
36.8%
30.9%
29.8%
28.5%
23.2%
14.9%
Naranjito Municipio, PR
28.4%
37.0%
21.7%
30.1%
20.5%
19.2%
Orocovis Municipio, PR
15.5%
21.3%
13.2%
43.3%
20.2%
18.9%
Río Grande Municipio, PR
38.1%
42.6%
32.6%
44.4%
30.9%
24.5%
San Juan Municipio, PR
42.3%
54.5%
37.4%
46.5%
44.2%
28.4%
San Lorenzo Municipio, PR
40.3%
50.4%
34.7%
34.8%
17.7%
18.2%
Toa Alta Municipio, PR
45.9%
39.2%
32.0%
42.2%
29.6%
27.1%
Toa Baja Municipio, PR
32.1%
45.7%
26.4%
45.1%
32.3%
25.8%
Trujillo Alto Municipio, PR
31.7%
31.1%
22.6%
41.1%
36.0%
25.8%
Vega Alta Municipio, PR
29.0%
35.4%
28.2%
42.2%
22.7%
24.7%
Vega Baja Municipio, PR
22.8%
40.7%
20.9%
34.4%
28.2%
24.0%
Yabucoa Municipio, PR
29.4%
18.3%
22.5%
33.5%
27.8%
20.5%
Puerto Rico
35.1%
41.4%
29.5%
41.0%
28.8%
23.3%
Cost Burden is housing cost that equals 30 percent or more of household income
Source: U.S. Department of Housing and Urban Development (HUD), 2013-2017 Comprehensive
Housing Affordability Strategy
Labor, Employment and Economic Characteristics
According to D&B data, there were 8,793 businesses operating in the assessment area in 2019, of which
4.5% were located in low-income census tracts and 22.9% were located in moderate-income tracts. Of the
total businesses operating in the assessment area, 73.4% were small businesses with a GAR of $1 million
or less, of which 4.2% were located in low-income geographies and 22.7% were located in moderate-
income geographies.
In 2020, there were 11,186 businesses operating in the assessment area, of which 4.6% were located in low-
income census tracts and 23.0% were located in moderate-income tracts. Of the total businesses operating
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
28
in the assessment area, 77.7% were small businesses with a GAR of $1 million or less, of which 4.4% were
located in low-income geographies and 22.8% were located in moderate-income geographies.
According to the U.S. Bureau of Labor Statistics, unemployment in the assessment area was 10.0% in 2016,
decreased to 9.0% in 2017, decreased to 7.8% in 2018, decreased to 6.9% in 2019, increased to 8.4% in
2020, and decreased to 7.3% in 2021. Puerto Rico had an unemployment rate of 11.8% in 2016, decreased
to 10.8% in 2017, decreased to 9.2% in 2018, decreased to 8.3% in 2019, increased to 8.9% in 2020, and
decreased to 7.8% in 2021.
MSA 41980 (San Juan-Bayamón-Caguas, PR) - Unemployment Rates
Area
2016
2017
2018
2019
2020
2021
MSA 41980 AA
10.0%
9.0%
7.8%
6.9%
8.4%
7.3%
Aguas Buenas Municipio, PR
14.3%
12.5%
10.1%
9.2%
10.1%
8.8%
Aibonito Municipio, PR
14.9%
14.2%
11.9%
10.4%
9.4%
8.5%
Barceloneta Municipio, PR
14.1%
14.0%
11.8%
11.3%
11.1%
9.6%
Barranquitas Municipio, PR
12.8%
11.4%
10.2%
8.6%
10.0%
8.6%
Bayamón Municipio, PR
9.0%
7.7%
6.8%
6.3%
8.8%
7.6%
Caguas Municipio, PR
10.3%
9.1%
7.8%
6.8%
8.0%
6.8%
Canóvanas Municipio, PR
11.5%
9.7%
7.9%
6.6%
8.6%
7.5%
Carolina Municipio, PR
8.6%
7.8%
6.8%
5.9%
8.5%
7.3%
Cataño Municipio, PR
10.0%
9.1%
8.0%
7.2%
9.8%
8.2%
Cayey Municipio, PR
10.7%
10.1%
7.7%
7.0%
7.3%
6.1%
Ceiba Municipio, PR
13.1%
13.5%
13.6%
10.5%
9.8%
8.7%
Ciales Municipio, PR
16.1%
16.1%
12.5%
11.1%
12.6%
11.7%
Cidra Municipio, PR
10.2%
8.4%
7.6%
6.8%
6.4%
5.5%
Comerío Municipio, PR
13.5%
11.8%
10.3%
8.9%
10.4%
9.5%
Corozal Municipio, PR
12.3%
11.3%
9.4%
9.1%
11.8%
10.3%
Dorado Municipio, PR
8.1%
6.9%
5.8%
5.7%
7.3%
6.1%
Fajardo Municipio, PR
13.8%
13.3%
14.1%
10.8%
10.6%
9.2%
Florida Municipio, PR
14.5%
14.3%
11.9%
10.9%
11.8%
10.4%
Guaynabo Municipio, PR
6.0%
5.3%
4.4%
4.1%
5.6%
4.7%
Gurabo Municipio, PR
8.5%
7.3%
6.4%
5.7%
6.1%
5.2%
Humacao Municipio, PR
14.1%
14.0%
11.6%
10.1%
8.8%
7.9%
Juncos Municipio, PR
13.2%
11.5%
9.5%
8.3%
9.1%
7.9%
Las Piedras Municipio, PR
13.5%
12.0%
9.7%
8.9%
8.7%
7.5%
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
29
Loíza Municipio, PR
11.3%
9.6%
8.3%
7.7%
9.8%
9.0%
Luquillo Municipio, PR
14.2%
12.8%
13.5%
9.5%
10.5%
9.1%
Manatí Municipio, PR
11.6%
10.6%
8.6%
8.0%
8.6%
7.7%
Maunabo Municipio, PR
18.3%
17.3%
15.2%
15.1%
11.4%
11.6%
Morovis Municipio, PR
13.4%
12.4%
9.7%
9.1%
10.7%
9.3%
Naguabo Municipio, PR
12.3%
11.1%
11.1%
8.8%
8.3%
7.3%
Naranjito Municipio, PR
13.0%
11.8%
9.8%
8.4%
12.3%
10.5%
Orocovis Municipio, PR
15.5%
14.3%
12.3%
10.2%
12.5%
11.1%
Río Grande Municipio, PR
10.5%
9.7%
9.2%
7.3%
9.5%
8.5%
San Juan Municipio, PR
7.9%
7.0%
6.2%
5.6%
8.0%
6.6%
San Lorenzo Municipio, PR
12.5%
12.8%
10.1%
8.8%
8.8%
7.5%
Toa Alta Municipio, PR
8.3%
7.7%
6.3%
5.6%
7.3%
6.3%
Toa Baja Municipio, PR
9.0%
8.1%
6.6%
5.8%
7.9%
6.8%
Trujillo Alto Municipio, PR
7.2%
5.9%
5.2%
4.9%
6.4%
5.7%
Vega Alta Municipio, PR
11.5%
10.7%
8.8%
8.1%
10.5%
9.4%
Vega Baja Municipio, PR
13.9%
12.4%
10.4%
9.6%
11.6%
10.1%
Yabucoa Municipio, PR
16.9%
16.5%
14.3%
13.1%
10.9%
10.7%
Puerto Rico
11.8%
10.8%
9.2%
8.3%
8.9%
7.8%
Source: Bureau of Labor Statistics (BLS), Local Area Unemployment Statistics
The subsequent table provides a summary of the Assessment Area Demographics for MSA 41980 (San
Juan-Bayamón-Caguas, PR).
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
30
MSA 41980 (San Juan-Bayamón-Caguas, PR) - Combined Demographics Report
Income
Categories
Tract
Distribution
Families by
Tract Income
Families < Poverty
Level as % of Families
by Tract
Families by
Family Income
#
%
#
%
#
%
#
%
Low-income
30
5.0
20,516
3.7
15,211
74.1
147,903
26.5
Moderate-income
160
26.8
143,841
25.8
75,826
52.7
83,688
15.0
Middle-income
215
36.0
226,244
40.5
85,298
37.7
87,907
15.7
Upper-income
154
25.8
166,756
29.9
34,207
20.5
239,102
42.8
Unknown-income
39
6.5
1,243
0.2
814
65.5
0
0.0
Total Assessment Area
598
100.0
558,600
100.0
211,356
37.8
558,600
100.0
Housing
Housing Types by Tract
Units by
Owner-Occupied
Rental
Vacant
Tract
#
%
%
#
%
#
%
Low-income
38,616
9,762
1.8
25.3
21,545
55.8
7,309
18.9
Moderate-income
258,726
134,114
24.4
51.8
70,225
27.1
54,387
21.0
Middle-income
386,746
225,949
41.2
58.4
91,178
23.6
69,619
18.0
Upper-income
295,277
178,714
32.6
60.5
60,765
20.6
55,798
18.9
Unknown-income
3,789
433
0.1
11.4
1,557
41.1
1,799
47.5
Total Assessment Area
983,154
548,972
100.0
55.8
245,270
24.9
188,912
19.2
Total Businesses by
Businesses by Tract & Revenue Size
Tract
Less Than or =
$1 Million
Over $1
Million
Revenue Not
Reported
#
%
#
%
#
%
#
%
Low-income
516
4.6
382
4.4
122
5.2
12
8.1
Moderate-income
2,568
23.0
1,980
22.8
558
23.8
30
20.3
Middle-income
2,630
23.5
2,119
24.4
487
20.7
24
16.2
Upper-income
5,323
47.6
4,106
47.2
1,139
48.5
78
52.7
Unknown-income
149
1.3
103
1.2
42
1.8
4
2.7
Total Assessment Area
11,186
100.0
8,690
100.0
2,348
100.0
148
100.0
Percentage of Total Businesses:
77.7
21.0
1.3
Total Farms by
Farms by Tract & Revenue Size
Tract
Less Than or =
$1 Million
Over $1
Million
Revenue Not
Reported
#
%
#
%
#
%
#
%
Low-income
3
2.6
3
2.7
0
0.0
0
0.0
Moderate-income
51
43.6
47
42.3
4
66.7
0
0.0
Middle-income
35
29.9
34
30.6
1
16.7
0
0.0
Upper-income
28
23.9
27
24.3
1
16.7
0
0.0
Unknown-income
0
0.0
0
0.0
0
0.0
0
0.0
Total Assessment Area
117
100.0
111
100.0
6
100.0
0
0.0
Percentage of Total Farms:
94.9
5.1
0.0
2020 FFIEC Census Data and 2020 D&B Information
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
31
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS
LENDING TEST
BPPR lending levels reflected good responsiveness to assessment area credit needs and a substantial
majority of loans were made in the bank's AA. The geographic distribution of loans reflected adequate
penetration throughout the AA while the distribution of borrowers reflected, given the product lines offered,
adequate penetration among customers of different income levels and businesses of different sizes. The
bank exhibited an adequate record of serving the credit needs of low-income individuals and areas and very
small businesses. The bank made a relatively high level of CD loans and the bank made use of innovative
and/or flexible lending practices in serving AA credit needs.
Lending Activity
BPPR’s lending activity demonstrated good responsiveness to the retail credit needs of the MSA 41980
(San Juan-Bayamón-Caguas, PR). During the evaluation period, BPPR originated 5,966 home purchase,
1,664 refinance, 95 home improvement, 30,965 small business loans, and 475 small farm loans in the
assessment area. BPPR ranked first in deposit market share throughout the evaluation period while lending
market shares were lower. BPPR ranked first in deposit market share throughout the evaluation period. In
2020, BPPR ranked first in HMDA lending out of 54 reporting institutions and ranked first in small business
and small farm lending out of 65 CRA reporting institutions.
Volume trends during the evaluation period indicate an annualized increase of 41.5% in total lending while
HMDA lending increased by 23.7% and small business lending increased 51.1% in the assessment area.
BPPR’s total loan volume trend was comparable to the aggregate over the same period while BPPR
exceeded the aggregate with more HMDA lending growth but was below the aggregate in small business
lending growth in the assessment area.
Geographic Distribution of Loans
BPPR’s overall geographic distribution of HMDA-related and small business loans reflected adequate
penetration throughout the MSA 41980 (San Juan-Bayamón-Caguas, PR) assessment area based on
adequate penetration in LMI tracts for home purchase lending and refinance lending and good penetration
for home improvement lending, small business lending, and small farm lending.
Opportunities for HMDA lending in low-income census tracts were impacted by a poverty rate of 37.8%
based on the 2015 ACS.
Gap Analysis
In each year, the bank’s penetration rate in LMI census tracts exceeded 72.0%. The following is a summary
of the analysis of lending gaps in the assessment area.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
32
Lending Gap Analysis - MSA 41980 (San Juan-Bayamón-Caguas, PR)
Tract Income Levels
Number of Tracts
Tracts with no Loans
Penetration
2019
Low
30
8
73%
Moderate
160
7
96%
Middle
215
0
100%
Upper
154
0
100%
Income Unknown
39
30
23%
2020
Low
30
3
90%
Moderate
160
0
100%
Middle
215
0
100%
Upper
154
0
100%
Income Unknown
39
25
36%
Home Purchase Loans
The geographic distribution of home purchase loans was adequate based on adequate penetration in both
low- and moderate-income geographies in the assessment area. In 2020, the bank made 0.6% by number
and 0.3% by dollar of its home purchase loans in low-income census tracts. Home purchase lending
performance in low-income census tracts was below the demographic of 1.8% of owner-occupied housing
units located in low-income census tracts and below the aggregate lending of 1.6% by number and 1.1% by
dollar in low-income census tracts. In 2020, the bank made 13.2% of home purchase loans by number and
9.2% by dollar in moderate-income census tracts. The bank's home purchase lending performance was
below the demographic of 24.4% of owner-occupied housing units located in moderate-income census
tracts and was slightly below the aggregate lending of 16.5% by number and 12.8% by dollar of home
purchase loans in moderate-income census tracts.
In 2019, the bank made 1.0% by number and 0.5% by dollar of its home purchase loans in low-income
census tracts. Home purchase lending performance in low-income census tracts was below the demographic
of 1.8% of owner-occupied housing units located in low-income census tracts and below the aggregate
lending of 1.7% by number and 1.2% by dollar in low-income census tracts. In 2019, the bank made 12.7%
of home purchase loans by number and 9.6% by dollar in moderate-income census tracts. The bank's home
purchase lending performance was below the demographic of 24.4% of owner-occupied housing units
located in moderate-income census tracts and was slightly below the aggregate lending of 14.5% by number
and 11.2% by dollar of home purchase loans in moderate-income census tracts.
Refinance Loans
The geographic distribution of refinance loans was adequate based on adequate penetration in both low-
and moderate-income geographies in the assessment area. In 2020, the bank made 0.3% by number and
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
33
0.1% by dollar of refinance loans in low-income census tracts. The bank's refinance lending performance
in low-income census tracts was significantly below the demographic of 1.8% of owner-occupied housing
units located in low-income census tracts and below the aggregate lending of 0.8% by number and 0.4% by
dollar of refinance loans in low-income census tracts. In 2020, the bank made 9.0% by number and 7.4%
by dollar of refinance loans in moderate-income census tracts. BPPR’s refinance lending performance in
moderate-income census tracts was significantly below the demographic of 24.4% of owner-occupied
housing units located in moderate-income census tracts and below the aggregate lending of 12.1% by
number and 9.4% by dollar of refinance loans in moderate-income census tracts.
In 2019, the bank made 1.1% by number and 0.5% by dollar of refinance loans in low-income census tracts.
The bank's refinance lending performance in low-income census tracts was below the demographic of 1.8%
of owner-occupied housing units located in low-income census tracts and comparable to the aggregate
lending of 1.2% by number and 0.8% by dollar of refinance loans in low-income census tracts. In 2019, the
bank made 12.3% by number and 13.9% by dollar of refinance loans in moderate-income census tracts.
BPPR’s refinance lending performance in moderate-income census tracts was significantly below the
demographic of 24.4% of owner-occupied housing units located in moderate-income census tracts and
below the aggregate lending of 15.7% by number and 14.0% by dollar of refinance loans in moderate-
income census tracts.
Home Improvement Loans
The geographic distribution of home improvement loans was good based on good penetration in both low-
and moderate-income geographies in the assessment area. In 2020, the bank made 3.6% by number and
2.5% by dollar of home improvement loans in low-income census tracts. The bank's home improvement
lending performance in low-income census tracts exceeded the demographic of 1.8% of owner-occupied
housing units located in low-income census tracts and above the aggregate lending of 2.8% by number and
2.0% by dollar of home improvement loans in low-income census tracts. In 2020, the bank made 16.1% by
number and 12.5% by dollar of home improvement loans in moderate-income census tracts. BPPR’s home
improvement lending performance in moderate-income census tracts was below the demographic of 24.4%
of owner-occupied housing units located in moderate-income census tracts and slightly above the aggregate
lending of 13.9% by number and 10.8% by dollar of home improvement loans in moderate-income census
tracts.
In 2019, the bank made no home improvement loans in low-income census tracts. The bank's home
improvement lending performance in low-income census tracts was significantly below the 1.8% of owner-
occupied housing units located in low-income census tracts and comparable to the aggregate, which did not
make any home improvement loans in low-income census tracts In 2019, the bank made 38.5% by number
and 35.2% by dollar of home improvement loans in moderate-income census tracts. BPPR’s home
improvement lending performance in moderate-income census tracts exceeded the demographic of 24.4%
of owner-occupied housing units located in moderate-income census tracts and exceeded the aggregate
lending of 29.6% by number and 24.7% by dollar of home improvement loans in moderate-income census
tracts.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
34
Small Business Loans
The geographic distribution of small business loans was good based on based on good penetration in both
low- and moderate-income geographies in the assessment area. In 2020, the bank made 3.5% by number
and 4.0% by dollar of small business loans in low-income census tracts. The bank's small business lending
performance in low-income census tracts was slightly below the 4.6% of businesses located in low-income
census tracts and exceeded the aggregate lending, which made 3.2% by number and 3.6% by dollar of small
business loans in low-income census tracts. In 2020, the bank made 18.3% by number and 17.9% by dollar
of small business loans in moderate-income census tracts. BPPR’s small business lending performance in
moderate-income census tracts was below the 23.0% of businesses located in moderate-income census
tracts and comparable to the aggregate lending, which made 16.9% by number and 17.5% by dollar of small
business loans in moderate-income census tracts.
In 2019, the bank made 4.6% by number and 4.2% by dollar of small business loans in low-income census
tracts. The bank's small business lending performance in low-income census tracts was comparable to the
4.6% of businesses located in low-income census tracts and exceeded the aggregate lending, which made
3.3% by number and 3.4% by dollar of small business loans in low-income census tracts. In 2019, the bank
made 20.9% by number and 19.9% by dollar of small business loans in moderate-income census tracts.
BPPR’s small business lending performance in moderate-income census tracts was comparable to the
23.0% of businesses located in moderate-income census tracts and exceeded the aggregate lending, which
made 16.4% by number and 17.6% by dollar of small business loans in moderate-income census tracts.
Small Farm Loans
The geographic distribution of small farm loans was good based on good penetration in both low- and
moderate-income geographies in the assessment area. In 2020, the bank made 1.7% by number and 4.0%
by dollar of small farm loans in low-income census tracts. The bank's small farm lending performance in
low-income census tracts was below the 2.6% of farms located in low-income census tracts and comparable
to the aggregate lending, which made 1.7% by number and 3.9% by dollar of small farm loans in low-
income census tracts. In 2020, the bank made 25.2% by number and 18.1% by dollar of small farm loans
in moderate-income census tracts. BPPR’s small farm lending performance in moderate-income census
tracts was significantly below the 43.6% of farms located in moderate-income census tracts and comparable
to the aggregate lending, which made 25.3% by number and 20.3% by dollar of small farm loans in
moderate-income census tracts.
In 2019, the bank made 1.9% by number and 0.8% by dollar of small farm loans in low-income census
tracts. The bank's small farm lending performance in low-income census tracts was below the 2.6% of farms
located in low-income census tracts and exceeded the aggregate lending, which made 1.8% by number and
0.7% by dollar of small farm loans in low-income census tracts. In 2019, the bank made 31.5% by number
and 11.2% by dollar of small farm loans in moderate-income census tracts. BPPR’s small farm lending
performance in moderate-income census tracts was below the 43.6% of farms located in moderate-income
census tracts but below the aggregate lending, which made 35.1% by number and 14.9% by dollar of small
farm loans in moderate-income census tracts.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
35
Lending to Borrowers of Different Incomes and to Businesses of Different Sizes
The distribution of borrowers reflected, given the product lines offered, adequate penetration among
customers of different income levels and businesses of different sizes. This conclusion is based on adequate
distribution of home purchase, refinance, and home improvement loans to LMI borrowers, good distribution
to small businesses, and adequate distribution to small farms.
Home Purchase Loans
Overall distribution of home purchase loans to borrowers of different income levels was adequate based on
adequate penetration among low-income customers and poor penetration among moderate-income
customers in the assessment area. In 2020, the bank made 0.3% by number and 0.1% by dollar to low-
income borrowers and was significantly below the demographic of 26.5% of low-income families in the
assessment area. Performance was below the aggregate lending, which made 0.5% by number and 0.2% by
dollar to low-income families. The bank's lending to moderate-income borrowers was 2.2% by number and
0.9% by dollar, which was significantly below the aggregate lending performance of 7.7% by number,
significantly below 4.0% by dollar, and significantly below the demographic of 15.0% of moderate-income
families in the assessment area.
In 2019, the bank made 0.5% by number and 0.1% by dollar of home purchase loans to low-income
borrowers and was significantly below the demographic of 26.5% of low-income families in the assessment
area. Performance was below the aggregate lending, which made 0.8% by number and 0.3% by dollar to
low-income families. The bank's lending to moderate-income borrowers was 2.8% by number and 1.3% by
dollar, which was significantly below the aggregate lending performance of 7.5% by number, significantly
below 3.9% by dollar, and significantly below the demographic of 15.0% of moderate-income families in
the assessment area.
Refinance Loans
Overall distribution of refinance loans to borrowers of different income levels was adequate based on
adequate penetration among low-income customers and adequate penetration among moderate-income
customers in the assessment area. In 2020, the bank's lending to low-income borrowers was 0.4% by number
and 0.1% by dollar and was below the aggregate lending, which made 0.6% by number and 0.2% by dollar.
The bank's performance was significantly below the demographic of 26.5% of low-income families in the
assessment area. The bank's 2020 lending to moderate-income borrowers, 2.2% by number and 0.9% by
dollar, was below the aggregate lending, which made 4.3% by number and 2.0% by dollar, and significantly
below the demographic of 15.0% of moderate-income families in the assessment area.
In 2019, the bank's refinance lending to low-income borrowers was 1.9% by number and 0.7% by dollar
and was below the aggregate lending, which made 3.4% by number and 1.7% by dollar. The bank's
performance was significantly below the demographic of 26.5% of low-income families in the assessment
area. The bank's lending to moderate-income borrowers, 7.0% by number and 3.4% by dollar, was below
the aggregate lending, 9.5% by number and 5.5% by dollar, and significantly below the demographic of
15.0% of moderate-income families in the assessment area.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
36
Home Improvement Loans
Overall distribution of home improvement loans to borrowers of different income levels was adequate based
on adequate penetration among low-income customers and adequate penetration among moderate-income
customers in the assessment area. In 2020, the bank's lending to low-income borrowers, 1.8% by number
and 0.3% by dollar, exceeded the aggregate lending which made 1.4% by number and comparable to the
aggregate lending of 0.3% by dollar. The bank's performance was significantly below the demographic of
26.5% of low-income families in the assessment area. The bank's lending to moderate-income borrowers,
1.8% by number and 0.8% by dollar, was significantly below the demographic of 15.0% of moderate-
income families in the assessment area and comparable to the aggregate lending, which made 1.4% by
number and 0.6% by dollar.
In 2019, the bank's home improvement lending to low-income borrowers was 7.7% by number and 5.2%
by dollar and was above the aggregate lending, which made 4.2% by number and 2.8% by dollar. The bank's
performance was significantly below the demographic of 26.5% of low-income families in the assessment
area. The bank's lending to moderate-income borrowers, 15.4% by number and 10.3% by dollar, was
comparable to the aggregate lending which made 15.5% by number and 12.0% by dollar, and comparable
to the demographic of 15.0% of moderate-income families in the assessment area.
Small Business Loans
Overall, the distribution of small business loans to businesses of different sizes was good based on good
penetration among small businesses in the assessment area. In 2020, the bank originated 35.1% of loans by
number and 29.0% by dollar to businesses with gross annual revenues of $1 million or less. The bank's
lending to small businesses was slightly above the aggregate lending, which made 30.0% by number and
23.1% by dollar, and was significantly below the demographic of 77.7% of businesses in the assessment
area with gross annual revenues of $1 million or less. The bank also originated 91.1% of loans to assessment
area businesses in amounts of $100,000 or less, which are typically considered more responsive to the credit
needs of very small businesses.
In 2019, the bank originated 68.5% of loans by number and 42.8% by dollar to businesses with gross annual
revenues of $1 million or less. The bank's lending to small businesses was slightly above the aggregate,
which made 55.6% by number and 37.6% by dollar, and was slightly below the demographic of 73.4% of
businesses in the assessment area with gross annual revenues of $1 million or less. The bank also originated
82.8% of loans to assessment area businesses in amounts of $100,000 or less, which are typically considered
more responsive to the credit needs of very small businesses.
Small Farm Loans
Overall, the distribution of small farm loans to farms of different sizes was adequate based on adequate
penetration among small farms in the assessment area. In 2020, the bank originated 25.9% of loans by
number and 23.2% by dollar to farms with gross annual revenues of $1 million or less. The bank's lending
to small farms was slightly below to the aggregate lending, which made 26.2% by number and 25.2% by
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
37
dollar, and was significantly below the demographic of 94.9% of farms in the assessment area with gross
annual revenues of $1 million or less. The bank also originated 92.6% of loans to assessment area farms in
amounts of $100,000 or less, which are typically considered more responsive to the credit needs of very
small businesses.
In 2019, the bank originated 66.7% of loans by number and 25.8% by dollar to farms with gross annual
revenues of $1 million or less. The bank's lending to small farms was comparable to the aggregate which
made 66.7% by number but slightly below to the aggregate which made 28.1% by dollar and was
significantly below the 94.9% of farms in the assessment area with gross annual revenues of $1 million or
less. The bank also originated 70.4% of loans to assessment area farms in amounts of $100,000 or less,
which are typically considered more responsive to the credit needs of very small businesses.
Community Development Lending
BPPR made a relatively high level of community development loans in the MSA 41980 (San Juan-
Bayamón-Caguas, PR) assessment area. During the evaluation period, community development lending in
MSA 41980 (San Juan-Bayamón-Caguas, PR) totaled 381 loans for approximately $837.7 million,
representing 79.2% of all BPPR’s community development lending activity.
BPPR’s CD lending was spread across
community services, economic development, and
revitalization and stabilization, as noted in the
table.
The bank’s annualized dollar amount of CD
lending in MSA 41980 (San Juan-Bayamón-
Caguas, PR) decreased by 27.2% from the prior
exam. The bank ranked below two similarly-
situated banks when comparing annualized
community development loans to deposits within
the MSA 41980 (San Juan-Bayamón-Caguas, PR)
assessment area.
Examples of community development lending included the following:
• A $35 million loan to partially finance the construction of a new mental health and recovery clinic in a
moderate-income area.
• A $6 million loan to fund construction and improvements on health services clinic located in a
moderate-income geography.
• A $10.3 million loan to fund construction of 160-unit affordable housing community in a low-income
census tract.
CD LOANS
MSA 41980 (San Juan-Bayamón-Caguas, PR)
PURPOSE
#
$(000s)
Affordable Housing
4
$13,301
Economic Development
31
$141,419
Community Services
225
$261,922
Revitalization and Stabilization
121
$421,035
TOTAL
381
$837,677
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
38
INVESTMENT TEST
BPPR’s performance in MSA 41980 (San Juan-Bayamón-Caguas, PR) is based on the following summary.
The bank made a significant level of qualified community development investments and grants, particularly
those not routinely provided by private investors, and occasionally in a leadership position. The bank made
significant use of innovative or complex investments to support community development initiatives and
exhibited adequate responsiveness to credit and community development needs.
During the evaluation period, the bank made
306 CD investments and grants in the
assessment area totaling $13.3 million.
Examiners took into account the fact that
92.4% of the bank’s investments were not
limited to specific assessment areas and
benefited all of Puerto Rico. This assessment
area benefitted from the bank’s $190.7 million
in investments in the PCC and Popular
Mezzanine Funds, as well as the bank’s
investments in mortgage-backed security
investments benefiting all of Puerto Rico.
However, the bank ranked below two
similarly-situated banks when comparing annualized community development loans to deposits within the
MSA 41980 (San Juan-Bayamón-Caguas, PR) assessment area. Examples of qualified investments
included:
• The bank donated $5,800 to sponsor one low-income student's scholarship during the 2021-2022
academic period in the assessment area.
• The bank provided a $420,000 grant to fund the construction of a multipurpose auditorium at a public
higher learning institution, at which 80% of students are receiving financial aid.
SERVICE TEST
BPPR’s performance under the service test in MSA 41980 (San Juan-Bayamón-Caguas, PR) is based on
delivery systems that were readily accessible to the bank’s geographies and individuals of different income
levels in the assessment area, changes in branch locations did not adversely affect accessibility, services
did not vary in a way that inconvenienced the needs of the assessment area, and hours and services were
tailored to the convenience and needs of its assessment area. The bank provided a relatively high level of
community development services within the assessment area.
Retail Services
BPPR's delivery systems were readily accessible to all geographies of the assessment area and individuals
of different income levels. BPPR had 106 branches in the assessment area, of which 32, or 30.2%, were
CD INVESTMENTS
MSA 41980 (San Juan-Bayamón-Caguas, PR)
PURPOSE
#
$(000s)
Affordable Housing
0
$0
Economic Development
28
$5,934
Community Services
263
$6,591
Revitalization and Stabilization
15
$745
TOTAL
306
$13,270
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
39
located in low- or moderate-income census tracts. This compared favorably to the 30.4% of the assessment
area’s households that resided in low- or moderate-income census tracts. Additionally, BPPR operated a
total of 417 ATMs throughout the assessment area, of which 24.0% were located in LMI geographies. Of
the 417 ATMs in the assessment area, 194 were located off-site, of which 39, or 20.1%, were located in
LMI geographies.
BPPR’s record of opening and closings of branches in the assessment area did not adversely affect the
accessibility of its delivery systems, particularly to low- and moderate-income geographies and low-and
moderate-income individuals. During the evaluation period, BPPR opened one branch in the assessment
area located in a low-income geography, relocated one branch located in a moderate-income geography,
and consolidated three branches, one located in a middle-income geography and two located in upper-
income geographies.
BPPR’s hours and services were tailored to the convenience and needs of the assessment area, particularly
LMI geographies and/or LMI individuals. Of the 106 branches in the MSA 41980 (San Juan-Bayamón-
Caguas, PR) assessment area, 62, or 58.5%, had Saturday, Sunday, or holiday hours. Of the bank’s 32
branches in LMI census tracts, 18, or 56.3%, had Saturday, Sunday, or holiday hours.
Community Development Services
BPPR provided a relatively high level of community development services within the assessment area. As
presented in the table below, BPPR conducted 1,803 community service events in the assessment area.
The services consisted of a wide variety of events related to the financial education of children and adults
and providing small business technical assistance.
Bank officers and staff provided 697 technical assistance events to nonprofit organizations for economic
development, community services and revitalization and stabilization. Additionally, several bank officers
and staff served on the boards and committees of 162 community development organizations that provided
on-going financial and management expertise and to organizations focused on low- and moderate-income
individuals.
Examples of community development services
include:
• Through BPPR’s StartUp program, the bank
offered technical assistance such as Coaching,
Accounting, Permits, Marketing, Digital
Marketing, Legal and Human Resources to
businesses and startups throughout San Juan and
all of PR.
• An officer served as treasurer of a non-profit dedicated to researching alternatives for economic
development in low-income communities.
• A bank employee served on the Advisory Board for the Housing and Human Development Trust - a
collaborative alliance with Puerto Rico's banking industry, the Government, and non-profit
CD SERVICES
MSA 41980 (San Juan-Bayamón-Caguas, PR)
Board & Committee Memberships
162
Technical Assistance
697
Seminars and Other Services
944
Total
1,803
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
40
organizations to provide support with accessible and affordable housing for vulnerable and very low-
income populations in Puerto Rico.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
41
METROPOLITAN AREA
MSA 10380 (AGUADILLA-ISABELA, PR)
(FULL REVIEW)
DESCRIPTION OF INSTITUTION'S OPERATIONS
As of December 31, 2021, the bank operated 11 branches in the MSA 10380 (Aguadilla-Isabela, PR)
assessment area. The bank operated two branches in low- and moderate-income tracts. The assessment
area included two low-, 19 moderate-, 39 middle-, and 16 upper-income tracts, as well as five tracts with
unknown incomes.
As of June 30, 2021, the bank ranked first out of three financial institutions in the assessment area with $1.8
billion in deposits, representing a 69.2% market share. MSA 10380 holds 0.3% of the bank’s deposits and
the second largest share of the bank’s total loans at 7.1%, as such the overall impact of this assessment area
on the bank’s rating is minimal. The primary competitors in the area included FirstBank and Oriental Bank.
PERFORMANCE CONTEXT
The following demographic and economic information were used to describe the assessment area and to
evaluate the context in which BPPR operates. The information was obtained from publicly available
sources, including the 2015 ACS, U.S. Department of Labor ("DOL"), D&B, FFIEC, and U.S. Department
of Housing and Urban Development ("HUD").
Demographic Characteristics
The MSA 10380 assessment area included Agueda, Aguadilla, Añasco, Isabela, Lares, Moca, Rincón, San
Sebastián, and Utuado counties. The assessment area was comprised of the entire MSA. According to the
2015 ACS, the population of the assessment area was 325,921. The assessment area consisted of 81 census
tracts, of which 2 or 2.5% were low-income, 19 or 23.5% were moderate-income, 39 or 48.1% were middle-
income, 16 or 19.8% were upper-income, and 5 or 6.2% were of unknown-income.
Income Characteristics
Based on the 2015 ACS data, the MSA 10380 assessment area had 80,862 families, of which 26.4% were
low-income (49.8% of which were below the poverty level), 14.7% were moderate-income, 15.9% were
middle-income, and 43.0% were upper-income.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
42
The FFIEC median family incomes for the counties that comprised the MSA as of the 2015 ACS were as
follows:
MSA 10380 (Aguadilla-Isabela, PR) - Median Family Income
Area
2010 Median
Family Income
2015 Median
Family Income
Percent
Change
MSA 10380 AA
$17,458
$18,267
4.63%
Aguada Municipio, PR
$17,674
$18,518
4.78%
Aguadilla Municipio, PR
$18,545
$20,659
11.40%
Añasco Municipio, PR
$21,410
$20,407
-4.68%
Isabela Municipio, PR
$17,061
$17,447
2.26%
Lares Municipio, PR
$15,802
$14,404
-8.85%
Moca Municipio, PR
$16,980
$17,533
3.26%
Rincón Municipio, PR
$19,069
$19,534
2.44%
San Sebastián Municipio, PR
$15,644
$16,887
7.95%
Utuado Municipio, PR
$17,748
$18,930
6.66%
Puerto Rico
$23,700
$22,976
-3.05%
Source: 2006 - 2010 U.S. Census Bureau American Community Survey; 2011 - 2015
U.S. Census Bureau American Community Survey
*Median Family Incomes have been inflation-adjusted and are expressed in 2015
dollars.
Housing Characteristics
Based on the 2015 ACS data, the MSA 10380 assessment area had 145,862 housing units, of which 50.4%
were owner-occupied, 25.3% were rental, and 24.3% were vacant. Of the total housing units, 1.6% were
located in low-income tracts, 22.1% in moderate-income tracts, 55.6% in middle-income tracts, 20.7% in
upper-income tracts, and 0% in unknown-income tracts. In low-income census tracts, 28.9% of housing
units were owner-occupied, 37.7% were rental units, and 33.5% were vacant. In moderate-income census
tracts, 44.0% of housing units were owner-occupied, 32.7% were rental units, and 23.3% were vacant.
The median age of housing stock in the assessment area was 34 years old, with 5.4% of the stock built
before 1950. According to the 2015 ACS, the median housing value in the assessment area was $106,961
with an affordability ratio of 14.6. The median gross rent in the assessment area was $406 per month.
Geographic Area
2015 Median
Housing Value
2015 Affordability
Ratio
2015 Median
Gross Rent
MSA 10380 AA $106,961 14.55 $406
Aguada Municipio, PR $90,000 17.81 $395
Aguadilla Municipio, PR $126,500 13.65 $402
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
43
Añasco Municipio, PR $114,100 15.24 $425
Isabela Municipio, PR $109,000 14.41 $475
Lares Municipio, PR $91,000 13.08 $384
Moca Municipio, PR $99,500 14.5 $420
Rincón Municipio, PR $127,200 13.17 $428
San Sebastián Municipio, PR $109,700 13.08 $363
Utuado Municipio, PR $95,100 16.54 $391
Puerto Rico $120,500 16.06 $456
Housing Cost Burden
According to HUD's Comprehensive Housing Affordability Strategy data, within the assessment area,
23.5% of all rental households had rental costs that exceeded 30% of their incomes, 29.1% of low-income
rental households had rental costs that exceeded 30% of their income, and 34.4% of moderate-income rental
households had rental costs that exceeded 30% of their income.
According to HUD's data, within the assessment area, 18.9% of homeowners had housing costs that
exceeded 30% of their incomes, 36.9% of low-income homeowners had housing costs that exceeded 30%
of their income, and 19.5% of moderate-income homeowners had housing costs that exceeded 30% of their
income. See the "Housing Cost Burden" table below for more details.
MSA 10380 (Aguadilla-Isabela, PR) - Housing Cost Burden
Area
Cost Burden - Renters
Cost Burden - Owners
Low
Income
Moderate
Income
All
Renters
Low
Income
Moderate
Income
All
Owners
MSA 10380 AA
29.1%
34.4%
23.5%
36.9%
19.5%
18.9%
Aguada Municipio, PR
26.3%
32.5%
22.5%
31.7%
16.7%
16.0%
Aguadilla Municipio, PR
32.4%
24.8%
24.8%
31.5%
22.1%
17.2%
Añasco Municipio, PR
32.9%
52.0%
30.1%
32.0%
17.4%
15.8%
Isabela Municipio, PR
29.6%
37.4%
25.4%
45.2%
21.8%
23.3%
Lares Municipio, PR
15.7%
30.2%
14.8%
33.3%
27.4%
18.6%
Moca Municipio, PR
35.6%
51.6%
28.4%
34.5%
21.5%
20.3%
Rincón Municipio, PR
16.8%
15.0%
17.4%
31.1%
12.5%
12.8%
San Sebastián Municipio, PR
31.8%
39.9%
23.8%
44.1%
14.9%
23.3%
Utuado Municipio, PR
31.0%
25.6%
21.9%
43.3%
19.2%
19.1%
Puerto Rico
35.1%
41.4%
29.5%
41.0%
28.8%
23.3%
Cost Burden is housing cost that equals 30 percent or more of household income
Source: U.S. Department of Housing and Urban Development (HUD), 2013-2017 Comprehensive Housing
Affordability Strategy
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
44
Labor, Employment and Economic Characteristics:
According to D&B data, there were 687 businesses operating in the assessment area in 2019, of which 9.6%
were located in low-income census tracts and 10.2% were located in moderate-income tracts. Of the total
businesses operating in the assessment area, 86.3% were small businesses with a gross annual revenue
("GAR") of $1 million or less, of which 10.6% were located in low-income geographies and 9.4% were
located in moderate-income geographies.
In 2020, there were 860 businesses operating in the assessment area, of which 9.8% were located in low-
income census tracts and 9.7% were located in moderate-income tracts. Of the total businesses operating
in the assessment area, 87.8% were small businesses with a GAR of $1 million or less, of which 10.5%
were located in low-income geographies and 9.3% were located in moderate-income geographies.
According to the U.S. Bureau of Labor Statistics, unemployment in the assessment area was 15.5% in 2016,
decreased to 14.7% in 2017, decreased to 12.2% in 2018, decreased to 10.9% in 2019, decreased to 10.1%
in 2020, and decreased to 8.9% in 2021. Puerto Rico had an unemployment rate of 11.8% in 2016,
decreased to 10.8% in 2017, decreased to 9.2% in 2018, decreased to 8.3% in 2019, increased to 8.9% in
2020, and decreased to 7.8% in 2021.
MSA 10380 (Aguadilla-Isabela, PR) - Unemployment Rates
Area
2016
2017
2018
2019
2020
2021
MSA 10380 AA
15.5%
14.7%
12.2%
10.9%
10.1%
8.9%
Aguada Municipio, PR
14.0%
12.9%
11.1%
10.1%
9.5%
8.4%
Aguadilla Municipio, PR
14.9%
14.5%
12.4%
10.3%
9.9%
8.7%
Añasco Municipio, PR
12.9%
12.5%
9.6%
8.4%
8.3%
7.6%
Isabela Municipio, PR
14.1%
13.4%
10.6%
9.0%
8.9%
7.6%
Lares Municipio, PR
19.3%
18.6%
16.2%
14.7%
12.6%
12.4%
Moca Municipio, PR
15.6%
14.7%
11.8%
10.5%
10.2%
8.7%
Rincón Municipio, PR
15.6%
15.3%
14.2%
13.7%
11.8%
8.7%
San Sebastián Municipio, PR
18.9%
17.7%
14.6%
13.6%
11.9%
10.6%
Utuado Municipio, PR
15.5%
14.0%
11.6%
11.3%
9.8%
8.9%
Puerto Rico
11.8%
10.8%
9.2%
8.3%
8.9%
7.8%
Source: Bureau of Labor Statistics (BLS), Local Area Unemployment Statistics
The subsequent table provides a summary of the Assessment Area Demographics for MSA 10380
(Aguadilla-Isabela, PR)
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
45
MSA 10380 - Combined Demographics Report
Income
Categories
Tract
Distribution
Families by
Tract Income
Families < Poverty
Level as % of Families
by Tract
Families by
Family Income
#
%
#
%
#
%
#
%
Low-income
2
2.5
1,201
1.5
900
74.9
21,363
26.4
Moderate-income
19
23.5
17,562
21.7
10,822
61.6
11,853
14.7
Middle-income
39
48.1
44,605
55.2
21,909
49.1
12,875
15.9
Upper-income
16
19.8
17,494
21.6
6,626
37.9
34,771
43.0
Unknown-income
5
6.2
0
0.0
0
0.0
0
0.0
Total Assessment Area
81
100.0
80,862
100.0
40,257
49.8
80,862
100.0
Housing
Housing Types by Tract
Units by
Owner-Occupied
Rental
Vacant
Tract
#
%
%
#
%
#
%
Low-income
2,268
655
0.9
28.9
854
37.7
759
33.5
Moderate-income
32,273
14,193
19.3
44.0
10,565
32.7
7,515
23.3
Middle-income
81,130
41,865
56.9
51.6
18,718
23.1
20,547
25.3
Upper-income
30,191
16,837
22.9
55.8
6,745
22.3
6,609
21.9
Unknown-income
0
0
0.0
0.0
0
0.0
0
0.0
Total Assessment Area
145,862
73,550
100.0
50.4
36,882
25.3
35,430
24.3
Total Businesses by
Businesses by Tract & Revenue Size
Tract
Less Than or =
$1 Million
Over $1
Million
Revenue Not
Reported
#
%
#
%
#
%
#
%
Low-income
84
9.8
79
10.5
4
4.2
1
11.1
Moderate-income
83
9.7
70
9.3
12
12.5
1
11.1
Middle-income
406
47.2
359
47.5
42
43.8
5
55.6
Upper-income
287
33.4
247
32.7
38
39.6
2
22.2
Unknown-income
0
0.0
0
0.0
0
0.0
0
0.0
Total Assessment Area
860
100.0
755
100.0
96
100.0
9
100.0
Percentage of Total Businesses:
87.8
11.2
1.0
Total Farms by
Farms by Tract & Revenue Size
Tract
Less Than or =
$1 Million
Over $1
Million
Revenue Not
Reported
#
%
#
%
#
%
#
%
Low-income
14
33.3
14
35.0
0
0.0
0
0.0
Moderate-income
1
2.4
1
2.5
0
0.0
0
0.0
Middle-income
16
38.1
15
37.5
1
50.0
0
0.0
Upper-income
11
26.2
10
25.0
1
50.0
0
0.0
Unknown-income
0
0.0
0
0.0
0
0.0
0
0.0
Total Assessment Area
42
100.0
40
100.0
2
100.0
0
0.0
Percentage of Total Farms:
95.2
4.8
0.0
2020 FFIEC Census Data and 2020 D&B Information
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
46
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS
LENDING TEST
BPPR lending levels reflected good responsiveness to assessment area credit needs and a substantial
majority of loans were made in the bank's AA. The geographic distribution of loans reflected good
penetration throughout the AA, while the distribution of borrowers reflected, given the product lines
offered, adequate penetration among customers of different income levels and businesses of different sizes.
The bank exhibited an adequate record of serving the credit needs of low-income individuals and areas and
very small businesses and farms. The bank made a relatively high level of CD loans and the bank made use
of innovative and/or flexible lending practices in serving AA credit needs.
Lending Activity
BPPR’s lending activity demonstrated good responsiveness to the retail credit needs of the MSA 10380
(Aquadilla-Isabela, PR). BPPR originated 430 home purchase, 123 refinance, 10 home improvement, 3,616
small business, and 177 small farm loans during the evaluation period in this assessment area. BPPR ranked
first in deposit market share throughout the evaluation period. In 2020, BPPR ranked first in HMDA lending
out of 39 reporting institutions and ranked first in small business and small farm lending out of 18 CRA
reporting institutions.
BPPR’s volume trends during the evaluation period indicated an annualized increase of 58.1% in total
lending while HMDA lending decreased by 18.5%, small business lending increased by 109.9%, and small
farm lending increased by 213.3% in the assessment area. BPPR’s overall loan, HMDA, and small farm
loan volumes reflected increases in lending in the assessment area than the aggregate over the same period.
Geographic Distribution of Loans
Banco Popular PR's overall geographic distribution of HMDA-related and small business loans reflected
good penetration throughout the MSA 10380 (Aquadilla-Isabela, PR) assessment area based on good
lending penetration in LMI geographies for home purchase, home improvement, small business, and small
farm loans, and adequate lending penetration in LMI geographies for refinance loans.
Opportunities for HMDA lending in low-income census tracts were impacted by a poverty rate of 49.8%
based on the 2015 ACS.
Gap Analysis
Banco Popular’s responsiveness to meeting the needs of its community was evaluated through an analysis
of gaps in lending in LMI census tracts. In each year, the bank’s penetration rate in LMI census tracts were
100%. The following table is a summary of the analysis of lending gaps in the assessment area.
Lending Gap Analysis - MSA 10380 (Aguadilla-Isabela, PR)
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
47
Tract Income Levels
Number of Tracts
Tracts with no Loans
Penetration
2019
Low
2
0
100%
Moderate
19
0
100%
Middle
39
0
100%
Upper
16
0
100%
Income Unknown
5
5
0%
2020
Low
2
0
100%
Moderate
19
0
100%
Middle
39
0
100%
Upper
16
0
100%
Income Unknown
5
5
0%
Home Purchase Loans
The geographic distribution of home purchase loans was good based on adequate penetration in low-income
geographies and good penetration in moderate-income geographies. In 2020, the bank made 0.5% by
number and 0.2% by dollar of home purchase loans in low-income census tracts. Home purchase lending
performance in low-income census tracts was below the demographic of 0.9% of owner-occupied housing
units located in low-income census tracts and below the aggregate lending which made 1.1% by number
and 0.5% by dollar in low-income census tracts. In 2020, the bank made 18.6% of home purchase loans by
number and 14.8% by dollar in moderate-income census tracts. The bank's home purchase lending
performance exceeded the demographic of 19.3% of owner-occupied housing units located in moderate-
income census tracts and exceeded the aggregate lending which made 15.4% by number and 12.7% by
dollar of home purchase loans in moderate-income census tracts.
In 2019, the bank made 0.4% by number and 0.2% by dollar of home purchase loans in low-income census
tracts. Home purchase lending performance in low-income census tracts was significantly below the
demographic of 0.9% of owner-occupied housing units located in low-income census tracts and slightly
below the aggregate lending, which made 0.5% by number and 0.4% by dollar in low-income census tracts.
In 2019, the bank made 12.1% of home purchase loans by number and 11.0% by dollar in moderate-income
census tracts. The bank's home purchase lending performance was below the demographic of 19.3% of
owner-occupied housing units located in moderate-income census tracts and was slightly below the
aggregate lending which made 14.9% by number and 13.9% by dollar of home purchase loans in moderate-
income census tracts.
Refinance Loans
The geographic distribution of refinance loans was adequate based on adequate penetration throughout both
low- and moderate-income geographies in the assessment area. In 2020, the bank made 1.2% by number
and 0.9% by dollar of refinance loans in low-income census tracts. The bank's refinance lending
performance in low-income census tracts was comparable to the demographic of 0.9% of owner-occupied
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
48
housing units located in low-income census tracts and slightly below the aggregate lending which made
1.6% by number and 1.0% by dollar of refinance loans in low-income census tracts. In 2020, the bank made
12.3% by number and 11.1% by dollar of refinance loans in moderate-income census tracts. BPPR’s
refinance lending performance in moderate-income census tracts was below the demographic of 19.3% of
owner-occupied housing units located in moderate-income census tracts and slightly below the aggregate
lending which made 14.7% by number and 11.0% by dollar of refinance loans in moderate-income census
tracts.
In 2019, the bank did not make any refinance loans in low-income census tracts. The bank's refinance
lending performance in low-income census tracts was compared to the demographic of 0.9% of owner-
occupied housing units located in low-income census tracts and the aggregate lending which made 0.9%
by number and 1.3% by dollar of refinance loans in low-income census tracts. In 2019, the bank made
19.0% by number and 13.4% by dollar of refinance loans in moderate-income census tracts. BPPR’s
refinance lending performance in moderate-income census tracts was comparable to the 19.3% of owner-
occupied housing units located in moderate-income census tracts and exceeded the aggregate lending which
made 15.9% by number and 13.6% by dollar of refinance loans in moderate-income census tracts.
Home Improvement Loans
The geographic distribution of home improvement loans was good based on good penetration in moderate-
income geographies in the assessment area. In 2020, the bank did not make any home improvement loans
in low-income census tracts, compared to demographic of 0.9% of owner-occupied housing units located
in low-income census tracts and this was comparable to the aggregate lending, which also did not make any
home improvement loans in low-income census tracts. In 2020, the bank also did not make any home
improvement loans in moderate-income census tracts, compared to the demographic of 19.3% of owner-
occupied housing units located in moderate-income census tracts and this was comparable to the aggregate
lending which again did not make any home improvement loans in moderate-income census tracts.
In 2019, the bank did not make any home improvement loans in low-income census tracts compared to
demographic of 0.9% of owner-occupied housing units located in low-income census tracts and this was
similar to the aggregate lending, which also did not make any home improvement loans in low-income
census tracts. In 2019, the bank made 33.3% by number and 35.3% by dollar of home improvement loans
in moderate-income census tracts. BPPR’s home improvement lending performance in moderate-income
census tracts exceeded the demographic of 19.3% of owner-occupied housing units located in moderate-
income census tracts and comparable to the aggregate lending which made 30.0% by number and 35.0%
by dollar of home improvement loans in moderate-income census tracts.
Small Business Loans
The geographic distribution of small business loans was good based on adequate penetration in low-income
geographies and excellent penetration in moderate-income geographies throughout the assessment area. In
2020, the bank made 3.0% by number and 2.4% by dollar of small business loans in low-income census
tracts. The bank's small business lending performance in low-income census tracts was significantly below
the demographic of 9.8% of businesses located in low-income census tracts and comparable to the aggregate
lending which made 3.1% by number and 2.3% by dollar of small business loans in low-income census
tracts. In 2020, the bank made 18.2% by number and 19.5% by dollar of small business loans in moderate-
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
49
income census tracts. BPPR’s small business lending performance in moderate-income census tracts
exceeded the demographic of 9.7% of businesses located in moderate-income census tracts and comparable
to the aggregate lending which made 17.4% by number and 19.1% by dollar of small business loans in
moderate-income census tracts.
In 2019, the bank made 2.5% by number and 2.2% by dollar of small business loans in low-income census
tracts. The bank's small business lending performance in low-income census tracts was below the
demographic of 9.6% of businesses located in low-income census tracts and below the aggregate lending
which made 3.3% by number and 2.4% by dollar of small business loans in low-income census tracts. In
2019, the bank made 19.3% by number and 21.5% by dollar of small business loans in moderate-income
census tracts. BPPR’s small business lending performance in moderate-income census tracts exceeded the
demographic of 10.2% of businesses located in moderate-income census tracts and comparable to the
aggregate lending which made 17.4% by number and 22.1% by dollar of small business loans in moderate-
income census tracts.
Small Farm Loans
The geographic distribution of small farm loans was good based on good penetration in low-income
geographies and excellent penetration in moderate-income geographies throughout the assessment area. In
2020, the bank made 8.8% by number and 27.6% by dollar of small farm loans in low-income census tracts.
The bank's small farm lending performance in low-income census tracts was below the demographic of
33.3% of farms located in low-income census tracts and comparable to the aggregate lending which made
8.7% by number and 27.1% by dollar of small farm loans in low-income census tracts. In 2020, the bank
made 27.7% by number and 39.2% by dollar of small farm loans in moderate-income census tracts. BPPR’s
small farm lending performance in moderate-income census tracts exceeded the demographic of 2.4% of
farms located in moderate-income census tracts and comparable to the aggregate lending, which made
27.5% by number and 38.5% by dollar of small farm loans in moderate-income census tracts.
In 2019, the bank made 6.9% by number and 22.2% by dollar of small farm loans in low-income census
tracts. The bank's small farm lending performance in low-income census tracts was below the demographic
of 33.3% of farms located in low-income census tracts and comparable to the aggregate lending which
made 6.3% by number and 16.0% by dollar of small farm loans in low-income census tracts. In 2019, the
bank made 34.5% by number and 32.8% by dollar of small farm loans in moderate-income census tracts.
BPPR’s small farm lending performance in moderate-income census tracts exceeded the demographic of
2.4% of farms located in moderate-income census tracts and exceeded the aggregate lending, which made
31.3% by number and 23.7% by dollar of small farm loans in moderate-income census tracts.
Lending to Borrowers of Different Incomes and to Businesses of Different Sizes
The distribution of borrowers reflected, given the product lines offered, adequate penetration among
customers of different income levels and businesses of different sizes. This conclusion is based on adequate
distribution of home purchase, and home improvement loans to LMI borrowers, adequate distribution to
small farms, and good distribution to small businesses and poor distribution of refinance loans.
Banco Popular de Puerto Rico CRA Public Evaluation
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50
Home Purchase Loans
The distribution of borrowers reflected, given the product lines offered, adequate penetration among low-
income customers and adequate penetration among moderate-income customers for home purchase lending.
In 2020, the bank made 0.5% by number and 0.1% by dollar to low-income borrowers which was
significantly below the demographic of 26.4% of low-income families in the assessment area. Performance
exceeded the aggregate lending which made 0.3% by number and comparable to the aggregate lending
which made 0.1% by dollar to low-income families. The bank's home purchase lending to moderate-income
borrowers was 2.5% by number and 1.4% by dollar, which was comparable to the aggregate lending which
made 2.6% by number and 1.2% by dollar, and below the demographic of 14.7% moderate-income families
in the assessment area.
In 2019, the bank did not make any loans to low-income borrowers. This was significantly below the
demographic of 26.4% of low-income families in the assessment area and below the aggregate lending
which made 0.1% by number and 0.1% by dollar to low-income families. The bank's lending to moderate-
income borrowers was 2.2% by number and 1.1% by dollar, which was comparable to the aggregate
performance of 2.3% by number and 1.1% by dollar, and significantly below the demographic of 14.7%
moderate-income families in the assessment area.
Refinance Loans
The distribution of borrowers reflected, given the product lines offered, poor penetration among low-
income customers and poor penetration among moderate-income customers for refinance lending. In 2020,
the bank did not make any loans to low-income borrowers. This was below the aggregate lending which
made 0.3% by number and less than that by dollar, and significantly below the demographic of 26.4% of
low-income families in the assessment area. The bank also did not make any loans to moderate-income
borrowers. This was significantly below the aggregate lending which made 4.1% by number and 1.9% by
dollar, and below the demographic of 14.7% moderate-income families in the assessment area.
In 2019, the bank did not make any loans to low-income borrowers. This was below the aggregate lending
which made 1.8% by number and 0.5% by dollar and below the demographic of 26.4% of low-income
families in the assessment area. The bank's lending to moderate-income borrowers, 2.4% by number and
1.3% by dollar, was below the aggregate lending which made 5.9% by number and 2.7% by dollar, and
below the demographic of 14.7% moderate-income families in the assessment area.
Home Improvement Loans
The distribution of borrowers reflected, given the product lines offered, adequate penetration among low-
income customers and adequate penetration among moderate-income customers for home improvement
lending. In 2020, the bank made no loans to low-income borrowers. This was comparable to the aggregate
lending, which made zero loans to low-income borrowers, but below the demographic of 26.4% of low-
income families in the assessment area. The bank made did not originate any home improvement loans to
moderate-income borrowers. This was below the aggregate lending which made 6.3% by number and 2.1%
by dollar, and below the demographic of moderate-income families in the assessment area at 14.7%.
In 2019, the bank's home improvement lending to low-income borrowers was 16.7% by number and 6.2%
by dollar and exceeded the aggregate lending which made 10.0% by number and 3.9% by dollar. The bank's
Banco Popular de Puerto Rico CRA Public Evaluation
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51
performance was below the demographic of 26.4% of low-income families in the assessment area. The
bank's lending to moderate-income borrowers, 16.7% by number and 11.2% by dollar, exceeded the
aggregate lending which made 10.0% by number and 6.9% by dollar, and slightly above the demographic
of moderate-income families in the assessment area at 14.7%.
Small Business Loans
Overall, the distribution of small business loans to businesses of different sizes was good based on good
penetration among small businesses in the assessment area. In 2020, the bank originated 44.8% of loans by
number and 37.4% by dollar to businesses with gross annual revenues of $1 million or less. The bank's
lending to small businesses exceeded the aggregate lending which made 39.4% by number and 33.6% by
dollar and was below the demographic of 87.8% percentage of businesses in the assessment area with gross
annual revenues of $1 million or less. The bank also originated 92.7% of loans to assessment area businesses
in amounts of $100,000 or less, which are typically considered more responsive to the credit needs of very
small businesses.
In 2019, the bank originated 74.9% of loans by number and 47.9% by dollar to businesses with gross annual
revenues of $1 million or less. The bank's lending to small businesses exceeded the aggregate lending which
made 66.8% by number and comparable to the aggregate lending of 48.4% by dollar and was below the
demographic of 86.3% percentage of businesses in the assessment area with gross annual revenues of $1
million or less. The bank also originated 87.8% of loans to assessment area businesses in amounts of
$100,000 or less, which are typically considered more responsive to the credit needs of very small
businesses.
Small Farm Loans
Overall, the distribution of small farm loans to farms of different sizes was adequate based on adequate
penetration among small farms in the assessment area. In 2020, the bank originated 45.3% of loans by
number and 58.7% by dollar to farms with gross annual revenues of $1 million or less. The bank's lending
to small farms was comparable to the aggregate lending which made 45.6% by number and 59.5% by dollar
and was below the demographic of 95.2% of farms in the assessment area with gross annual revenues of $1
million or less. The bank also originated 93.9% of loans to assessment area farms in amounts of $100,000
or less, which are typically considered more responsive to the credit needs of very small businesses.
In 2019, the bank originated 82.8% of loans by number and 65.7% by dollar to farms with gross annual
revenues of $1 million or less. The bank's lending to small farms was below the aggregate lending which
made 84.4% by number and 75.2% by dollar and was below the demographic of 95.2% of farms in the
assessment area with gross annual revenues of $1 million or less. The bank also originated 79.3% of loans
to assessment area farms in amounts of $100,000 or less, which are typically considered more responsive
to the credit needs of very small businesses.
Community Development Lending
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
52
BPPR made a relatively high level of community development loans in the in MSA 10380 (Aguadilla-
Isabela, PR) assessment area. During the evaluation period, the bank made 35 CD loans for approximately
$27.3 million, representing 2.6% of all BPPR’s community development lending activity.
BPPR’s CD lending volume by number primarily
addressed community services. CD lending
volume by dollar was primarily for revitalization
and stabilization, as noted in the table.
The bank’s annualized dollar amount of CD
lending in in MSA 10380 (Aguadilla-Isabela, PR)
increased by 25.7% from the prior exam’s
adequate level. However, the bank’s deposits in
the assessment area also significantly increased.
The bank ranked below one similarly situated
bank when comparing annualized community
development loans to deposits within the MSA 10380 (Aguadilla-Isabela, PR) assessment area.
Examples of community development lending included the following:
• A $2.3 million SBA PPP loan to maintain operations and retain jobs at a medical facility in a
moderate-income census tract.
• Two $4.5 million loans to fund repairs of critical infrastructure destroyed in the recent natural
disasters in the assessment area.
INVESTMENT TEST
BPPR’s performance in MSA 10380 (Aguadilla-Isabela, PR) is based on the following summary. The bank
made an adequate level of qualified community
development investments and grants,
particularly those not routinely provided by
private investors, and rarely in a leadership
position. The bank made occasional use of
innovative or complex investments to support
community development initiatives and
exhibited adequate responsiveness to credit and
community development needs.
During the evaluation period, the bank made
nine CD investments and grants in the
assessment area totaling $194,000. The bank’s
annualized amount of CD investments in MSA
10380 (Aguadilla-Isabela, PR) decreased by 14.3% from the prior exam. Examiners took into account the
fact that 92.4% of the bank’s investments were not limited to specific assessment areas but benefited all of
Puerto Rico. This assessment area benefitted from the bank’s $190.7 million in investments in the PCC and
CD LOANS
MSA 10380 (Aguadilla-Isabela, PR)
PURPOSE
#
$(000s)
Affordable Housing
1
$714
Economic Development
3
$4,601
Community Services
24
$3,425
Revitalization and Stabilization
7
$18,536
TOTAL
35
$27,276
CD INVESTMENTS
MSA 10380 (Aguadilla-Isabela, PR)
PURPOSE
#
$(000s)
Affordable Housing
0
$0
Economic Development
0
$0
Community Services
8
$169
Revitalization and Stabilization
1
$25
TOTAL
9
$194
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
53
Popular Mezzanine Funds, as well as the bank’s investments in mortgage-backed security investments
benefitting all of Puerto Rico. The bank ranked below two similarly situated banks when comparing
annualized community development loans to deposits within the MSA 10380 (Aguadilla-Isabela, PR)
assessment area. Examples of qualified investments included:
• A grant for $25,000 to a community development organization that helps LMI youth in the
assessment area.
• A $20,000 grant to an organization that provides educational and social services to underserved
children in the assessment area at no cost.
SERVICE TEST
BPPR’s performance under the service test in MSA 10380 (Aguadilla-Isabela, PR) is based on delivery
systems that were readily accessible to the bank’s geographies and individuals of different income levels in
the assessment area, changes in branch locations did not adversely affect accessibility, services did not vary
in a way that inconvenienced the needs of the assessment area, and hours and services were tailored to the
convenience and needs of its assessment area. The bank provided a relatively high level of community
development services within the assessment area.
Retail Services
BPPR's delivery systems were readily accessible to all geographies of the assessment area and individuals
of different income levels. BPPR had 11 branches in the assessment area, of which two, or 18.2%, were
located in low- or moderate-income census tracts. This compared favorably to the 23.2% of the assessment
area’s households that resided in low- or moderate-income census tracts. BPPR operated a total of 50
ATMs throughout the assessment area, of which 16.0% were located in LMI geographies. Of the 50 ATMs
in the assessment area, 24 were located off-site, of which three, or 12.5%, were located in LMI geographies.
BPPR’s record of opening and closings of branches in the assessment area did not adversely affect the
accessibility of its delivery systems, particularly to low- and moderate-income geographies and low-and
moderate-income individuals. During the evaluation period, BPPR consolidated one branch located in a
middle-income tract and relocated one branch located in an upper-income geography.
BPPR’s hours and services were tailored to the convenience and needs of the assessment area, particularly
LMI geographies and/or LMI individuals. Of the 11 branches in the MSA 10380 (Aguadilla-Isabela, PR)
assessment area, all had Saturday, Sunday, or holiday hours. Of the bank’s two branches in LMI census
tracts, all had Saturday, Sunday, or holiday hours.
Community Development Services
BPPR provided a relatively high level of community development services within the assessment area. As
presented in the table, BPPR conducted 151 community service events in the assessment area. The
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
54
services consisted of a wide variety of events related to the financial education of children and adults and
providing small business technical assistance.
Examples of community development services
include:
• A personal finance seminar by bank employees
covering topics of financial education, financial
planning, including family and finances and
preparing for retirement.
• A bank employee offered a Seminar/Webinar
through the Teach Children to Save Program on the
topic of Financial Education and Savings.
CD SERVICES
MSA 10380 (Aguadilla-Isabela, PR)
Board & Committee Memberships
0
Technical Assistance
75
Seminars and Other Services
76
Total
151
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
55
METROPOLITAN AREA
MSA 38660 (PONCE, PR)
(FULL REVIEW)
DESCRIPTION OF INSTITUTION'S OPERATIONS
As of December 31, 2021, the bank operated ten branches in the MSA 38660 (Ponce, PR) assessment area.
The bank operated one branch in low- and moderate-income tracts. The assessment area consisted of 71
total tracts, five low-, 20 moderate-, 22 middle-, and 20 upper-income tracts, as well as four tracts with
unknown-incomes.
As of June 30, 2021, the bank ranked first out of three financial institutions in the assessment area, with
approximately $1.3 billion in deposits, representing a 49.7% market share. MSA 38660 holds the third
largest share of the bank’s total deposits and loans; however, at only 2.4% and 5.4%, respectively, the
overall impact is minimal. Primary competitors in the area included FirstBank and Oriental Bank.
PERFORMANCE CONTEXT
The following demographic and economic information were used to describe the assessment area and to
evaluate the context in which BPPR operates. The information was obtained from publicly available
sources, including the 2015 ACS, U.S. Department of Labor ("DOL"), D&B, FFIEC, and U.S. Department
of Housing and Urban Development ("HUD").
Demographic Characteristics
The MSA 38660 assessment area included Adjuntas, Juana Díaz, Ponce, and Villalba counties. The
assessment area was comprised of the entire MSA. According to the 2015 ACS, the population of the
assessment area was 248,960. The assessment area consisted of 71 census tracts, of which five or 7.0%
were low-income, 20 or 28.2% were moderate-income, 22 or 31.0% were middle-income, 20 or 28.2%
were upper-income, and four or 5.6% were of unknown-income.
Income Characteristics
Based on the 2015 ACS data, the MSA 38660 assessment area had 61,967 families, of which 28.7% were
low-income (48.9% of which were below the poverty level), 12.8% were moderate-income, 15.2% were
middle-income, and 43.3% were upper-income.
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The FFIEC median family incomes for the counties that comprised the MSA as of the 2015 ACS were as
follows:
MSA 38660 (Ponce, PR) - Median Family Income
Area
2010 Median
Family Income
2015 Median
Family Income
Percent
Change
MSA 38660 AA
$20,272
$19,514
-3.74%
Adjuntas Municipio, PR
$15,903
$12,848
-19.21%
Juana Díaz Municipio, PR
$21,554
$20,788
-3.55%
Ponce Municipio, PR
$21,654
$19,745
-8.82%
Villalba Municipio, PR
$18,911
$20,495
8.38%
Puerto Rico
$23,700
$22,976
-3.05%
Source: 2006 - 2010 U.S. Census Bureau American Community Survey
2011 - 2015 U.S. Census Bureau American Community Survey
Median Family Incomes have been inflation-adjusted and are expressed in 2015
dollars.
Housing Characteristics
Based on the 2015 ACS data, the MSA 38660 assessment area had 102,895 housing units, of which 56.8%
were owner-occupied, 27.2% were rental, and 16.0% were vacant. Of the total housing units, 7.1% were
located in low-income tracts, 24.7% in moderate-income tracts, 34.8% in middle-income tracts, 32.3% in
upper-income tracts, and 1.1% in unknown-income tracts. In low-income census tracts, 31.1% of housing
units were owner-occupied, 55.3% were rental units, and 13.6% were vacant. In moderate-income census
tracts, 47.0% of housing units were owner-occupied, 30.9% were rental units, and 22.1% were vacant.
The median age of housing stock in the assessment area was 38 years old, with 7.4% of the stock built
before 1950. According to the 2015 ACS, the median housing value in the assessment area was $101,825
with an affordability ratio of 16.2. The median gross rent in the assessment area was $382 per month.
Geographic Area
2015 Median
Housing Value
2015 Affordability
Ratio
2015 Median
Gross Rent
MSA 38660 AA
$101,825
16.16
$382
Adjuntas Municipio, PR
$103,000
10.19
$361
Juana Díaz Municipio, PR
$103,700
17.95
$420
Ponce Municipio, PR
$103,000
15.84
$386
Villalba Municipio, PR
$95,800
18.6
$329
Puerto Rico
$120,500
16.06
$456
Housing Cost Burden
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San Juan, PR June 21, 2022
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According to HUD's Comprehensive Housing Affordability Strategy data, within the assessment area,
23.4% of all rental households had rental costs that exceeded 30% of their incomes, 25.6% of low-income
rental households had rental costs that exceeded 30% of their income, and 31.1% of moderate-income rental
households had rental costs that exceeded 30% of their income.
According to HUD's data, within the assessment area, 20.6% of homeowners had housing costs that
exceeded 30% of their incomes, 41.4% of low-income homeowners had housing costs that exceeded 30%
of their income, and 22.7% of moderate-income homeowners had housing costs that exceeded 30% of their
income. See the "Housing Cost Burden" table below for more details.
MSA 38660 (Ponce, PR)- Housing Cost Burden
Area
Cost Burden - Renters
Cost Burden - Owners
Low
Income
Moderate
Income
All
Renters
Low
Income
Moderate
Income
All
Owners
MSA 38660 AA
25.6%
31.1%
23.4%
41.4%
22.7%
20.6%
Adjuntas Municipio, PR
27.4%
28.7%
22.1%
34.3%
18.3%
20.0%
Juana Díaz Municipio, PR
23.7%
28.9%
20.4%
45.7%
23.0%
19.7%
Ponce Municipio, PR
25.2%
34.4%
25.1%
42.6%
25.4%
22.3%
Villalba Municipio, PR
32.2%
13.0%
16.2%
32.4%
7.3%
12.8%
Puerto Rico
35.1%
41.4%
29.5%
41.0%
28.8%
23.3%
Cost Burden is housing cost that equals 30 percent or more of household income
Source: U.S. Department of Housing and Urban Development (HUD), 2013-2017 Comprehensive
Housing Affordability Strategy
Labor, Employment and Economic Characteristics
According to D&B data, there were 607 businesses operating in the assessment area in 2019, of which
10.2% were located in low-income census tracts and 33.6% were located in moderate-income tracts. Of
the total businesses operating in the assessment area, 78.7% were small businesses with a GAR of $1 million
or less, of which 9.8% were located in low-income geographies and 33.9% were located in moderate-
income geographies.
In 2020, there were 760 businesses operating in the assessment area, of which 9.7% were located in low-
income census tracts and 32.2% were located in moderate-income tracts. Of the total businesses operating
in the assessment area, 82.6% were small businesses with a GAR of $1 million or less, of which 9.2% were
located in low-income geographies and 32.3% were located in moderate-income geographies.
According to the U.S. Bureau of Labor Statistics, unemployment in the assessment area was 14.5% in 2016,
decreased to 12.9% in 2017, decreased to 10.8% in 2018, decreased to 10.7% in 2019, decreased to 9.4%
in 2020, and decreased to 8.8% in 2021. Puerto Rico had an unemployment rate of 11.8% in 2016,
decreased to 10.8% in 2017, decreased to 9.2% in 2018, decreased to 8.3% in 2019, increased to 8.9% in
2020, and decreased to 7.8% in 2021.
Banco Popular de Puerto Rico CRA Public Evaluation
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MSA 38660 (Ponce, PR) - Unemployment Rates
Area
2016
2017
2018
2019
2020
2021
MSA 38660 AA
14.5%
12.9%
10.8%
10.7%
9.4%
8.8%
Adjuntas Municipio, PR
16.8%
15.1%
13.7%
15.3%
12.8%
13.0%
Juana Díaz Municipio, PR
14.5%
12.9%
10.5%
9.9%
8.1%
7.2%
Ponce Municipio, PR
13.4%
11.6%
9.8%
9.7%
9.0%
8.5%
Villalba Municipio, PR
20.2%
19.4%
15.8%
15.8%
12.1%
12.1%
Puerto Rico
11.8%
10.8%
9.2%
8.3%
8.9%
7.8%
Source: Bureau of Labor Statistics (BLS), Local Area Unemployment Statistics
The subsequent table provides a summary of the Assessment Area Demographics for MSA 38660 (Ponce,
PR):
MSA 38660 – Combined Demographics
Income
Categories
Tract
Distribution
Families by
Tract Income
Families < Poverty
Level as % of Families
by Tract
Families by
Family Income
#
%
#
%
#
%
#
%
Low-income
5
7.0
4,342
7.0
3,408
78.5
17,778
28.7
Moderate-income
20
28.2
13,360
21.6
8,570
64.1
7,945
12.8
Middle-income
22
31.0
23,162
37.4
11,186
48.3
9,429
15.2
Upper-income
20
28.2
20,720
33.4
6,837
33.0
26,815
43.3
Unknown-income
4
5.6
383
0.6
279
72.8
0
0.0
Total Assessment Area
71
100.0
61,967
100.0
30,280
48.9
61,967
100.0
Housing
Housing Types by Tract
Units by
Owner-Occupied
Rental
Vacant
Tract
#
%
%
#
%
#
%
Low-income
7,297
2,271
3.9
31.1
4,037
55.3
989
13.6
Moderate-income
25,406
11,931
20.4
47.0
7,858
30.9
5,617
22.1
Middle-income
35,793
22,169
37.9
61.9
8,502
23.8
5,122
14.3
Upper-income
33,225
21,869
37.4
65.8
6,983
21.0
4,373
13.2
Unknown-income
1,174
249
0.4
21.2
572
48.7
353
30.1
Total Assessment Area
102,895
58,489
100.0
56.8
27,952
27.2
16,454
16.0
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San Juan, PR June 21, 2022
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Total Businesses by
Businesses by Tract & Revenue Size
Tract
Less Than or =
$1 Million
Over $1
Million
Revenue Not
Reported
#
%
#
%
#
%
#
%
Low-income
74
9.7
58
9.2
16
12.6
0
0.0
Moderate-income
245
32.2
203
32.3
39
30.7
3
60.0
Middle-income
183
24.1
148
23.6
34
26.8
1
20.0
Upper-income
228
30.0
193
30.7
34
26.8
1
20.0
Unknown-income
30
3.9
26
4.1
4
3.1
0
0.0
Total Assessment Area
760
100.0
628
100.0
127
100.0
5
100.0
Percentage of Total Businesses:
82.6
16.7
0.7
Total Farms by
Farms by Tract & Revenue Size
Tract
Less Than or =
$1 Million
Over $1
Million
Revenue Not
Reported
#
%
#
%
#
%
#
%
Low-income
0
0.0
0
0.0
0
0.0
0
0.0
Moderate-income
4
30.8
4
33.3
0
0.0
0
0.0
Middle-income
3
23.1
3
25.0
0
0.0
0
0.0
Upper-income
6
46.2
5
41.7
1
100.0
0
0.0
Unknown-income
0
0.0
0
0.0
0
0.0
0
0.0
Total Assessment Area
13
100.0
12
100.0
1
100.0
0
0.0
Percentage of Total Farms:
92.3
7.7
0.0
2020 FFIEC Census Data and 2020 D&B Information
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS
LENDING TEST
BPPR lending levels reflected good responsiveness to assessment area credit needs and a substantial
majority of loans were made in the bank's AA. The geographic distribution of loans reflected adequate
penetration throughout the AA while the distribution of borrowers reflected, given the product lines
offered, adequate penetration among customers of different income levels and businesses of different
sizes. The bank exhibited an adequate record of serving the credit needs of low-income individuals and
areas and very small businesses. The bank made an adequate level of CD loans and the bank made use of
innovative and/or flexible lending practices in serving AA credit needs.
Lending Activity
BPPR’s lending activity demonstrated good responsiveness to the retail credit needs of the MSA 38660
(Ponce, PR). During the evaluation period, BPPR originated 310 home purchase, 91 refinance, five home
improvement, 2,540 small business, and 43 small farm loans in the assessment area. BPPR ranked first in
deposit market share throughout the evaluation period. In 2020, BPPR ranked first in HMDA lending out
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
60
of 30 reporting institutions and ranked first in small business and small farm lending out of 23 CRA
reporting institutions.
Volume trends during the evaluation period indicate an annualized increase of 30.4% in total lending while
HMDA lending decreased by 16.3%, small business lending increased by 73.4%, and small farm lending
increased by 38.7% in the assessment area. BPPR’s loan volume trend in the assessment area showed a
greater increase in HMDA lending and CRA lending than the aggregate over the same period.
Geographic Distribution of Loans
Banco Popular PR's overall geographic distribution of HMDA-related, small business, and small farm loans
was adequate based on adequate penetration in low- and moderate-income geographies throughout the MSA
38660 (Ponce, PR) assessment area. Lending penetration in LMI tracts was adequate for home purchase,
home improvement, small business, and small farm loans, while lending penetration in LMI tracts was poor
for refinance loans.
Gap Analysis
Banco Popular’s responsiveness to meeting the needs of its community was evaluated through an analysis
of gaps in lending in LMI census tracts. In each year, the bank’s penetration rate in LMI census tracts
exceeded 80.0%. The following table is a summary of the analysis of lending gaps in the assessment area.
Lending Gap Analysis - MSA 38660 (Ponce, PR)
Tract Income Levels
Number of Tracts
Tracts with no Loans
Penetration
2019
Low
5
0
100%
Moderate
20
3
85%
Middle
22
1
95%
Upper
20
0
100%
Income Unknown
4
3
25%
2020
Low
5
0
100%
Moderate
20
0
100%
Middle
22
0
100%
Upper
20
0
100%
Income Unknown
4
3
25%
Home Purchase Loans
The geographic distribution of home purchase loans was adequate based on good penetration in low-income
geographies and adequate penetration in moderate-income geographies in the assessment area. In 2020, the
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61
bank made 2.2% by number and 0.8% by dollar of its home purchase loans in low-income census tracts.
Home purchase lending performance in low-income census tracts was below the demographic of 3.9% of
owner-occupied housing units located in low-income census tracts and below the aggregate lending which
made 3.1% by number and 1.8% by dollar in low-income census tracts. In 2020, the bank made 6.5% of
home purchase loans by number and 5.6% by dollar in moderate-income census tracts. The bank's home
purchase lending performance was below the demographic of 20.4% of owner-occupied housing units
located in moderate-income census tracts and was below the aggregate lending which made 10.0% by
number and 7.8% by dollar of home purchase loans in moderate-income census tracts.
In 2019, the bank made 2.3% by number and 1.4% by dollar of its home purchase loans in low-income
census tracts. Home purchase lending performance in low-income census tracts was below the demographic
of 3.9% of owner-occupied housing units located in low-income census tracts and comparable to the
aggregate lending which made 1.5% by number and 0.9% by dollar in low-income census tracts. In 2019,
the bank made 9.9% of home purchase loans by number and 7.3% by dollar in moderate-income census
tracts. The bank's home purchase lending performance was below the demographic of 20.4% of owner-
occupied housing units located in moderate-income census tracts and was slightly below the aggregate
lending which made 12.3% by number and 11.0% by dollar of home purchase loans in moderate-income
census tracts.
Refinance Loans
The geographic distribution of refinance loans was poor based on poor penetration in both low- and
moderate-income geographies in the assessment area. In 2020, the bank made 1.8% by number and 0.7%
by dollar of refinance loans in low-income census tracts. The bank's refinance lending performance in low-
income census tracts was below the demographic of 3.9% of owner-occupied housing units located in low-
income census tracts and below the aggregate lending which made 3.0% by number and 4.1% by dollar of
refinance loans in low-income census tracts. In 2020, the bank made 3.6% by number and 2.5% by dollar
of refinance loans in moderate-income census tracts. BPPR’s refinance lending performance in moderate-
income census tracts was below the demographic of 20.4% of owner-occupied housing units located in
moderate-income census tracts and below the aggregate lending which made 8.0% by number and 4.9% by
dollar of refinance loans in moderate-income census tracts.
In 2019, the bank did not make any refinance loans in low-income census tracts. The bank's refinance
lending performance in low-income census tracts was compared to the demographic of 3.9% of owner-
occupied housing units located in low-income census tracts and the aggregate lending which made 0.7%
by number and 0.6% by dollar of refinance loans in low-income census tracts. In 2019, the bank made 2.9%
by number and 3.8% by dollar of refinance loans in moderate-income census tracts. BPPR’s refinance
lending performance in moderate-income census tracts was below the demographic of 20.4% of owner-
occupied housing units located in moderate-income census tracts and significantly below the aggregate
lending which made 12.1% by number and 20.7% by dollar of refinance loans in moderate-income census
tracts.
Home Improvement Loans
The geographic distribution of home improvement loans was adequate based on adequate penetration in
low-income geographies and poor penetration in moderate-income geographies in the assessment area. In
2020, the bank made one loan which represented 33.3% by number and 9.5% by dollar of home
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62
improvement loans in low-income census tracts. The bank's home improvement lending performance in
low-income census tracts was above the demographic of 3.9% of owner-occupied housing units located in
low-income census tracts and comparable to the aggregate lending which made 25.0% by number and 7.0%
by dollar of home improvement loans in low-income census tracts. In 2020, the bank did not make any
home improvement loans in moderate-income census tracts. BPPR’s home improvement lending
performance in moderate-income census tracts was compared to the demographic of 20.4% of owner-
occupied housing units located in moderate-income census tracts and the aggregate lending which made
25.0% by number and 25.8% by dollar of home improvement loans in moderate-income census tracts.
In 2019, the bank did not make any home improvement loans in low-income census tracts. The bank's home
improvement lending performance in low-income census tracts was significantly below the demographic
of 3.9% of owner-occupied housing units located in low-income census tracts, but comparable to the
aggregate lending which also did not make any home improvement loans in low-income census tracts. In
2019, the bank did not make any home improvement loans in moderate-income census tracts. BPPR’s home
improvement lending performance in moderate-income census tracts was compared to the demographic of
20.4% of owner-occupied housing units located in moderate-income census tracts and the aggregate lending
which also did not make any home improvement loans in moderate-income census tracts.
Small Business Loans
The geographic distribution of small business loans was adequate based on adequate penetration in both
low- and moderate-income geographies in the assessment area. In 2020, the bank made 4.1% by number
and 7.5% by dollar of small business loans in low-income census tracts. The bank's small business lending
performance in low-income census tracts was below the demographic of 9.7% of businesses located in low-
income census tracts and comparable to the aggregate lending, which made 4.6% by number and 6.1% by
dollar of small business loans in low-income census tracts. In 2020, the bank made 19.6% by number and
18.8% by dollar of small business loans in moderate-income census tracts. BPPR’s small business lending
performance in moderate-income census tracts was below the demographic of 32.2% of businesses located
in moderate-income census tracts and comparable to the aggregate lending which made 20.2% by number
and 19.9% by dollar of small business loans in moderate-income census tracts.
In 2019, the bank made 5.2% by number and 8.2% by dollar of small business loans in low-income census
tracts. The bank's small business lending performance in low-income census tracts was below the
demographic of 10.2% of businesses located in low-income census tracts and below the aggregate lending,
which made 6.2% by number and 9.6% by dollar of small business loans in low-income census tracts. In
2019, the bank made 21.9% by number and 22.6% by dollar of small business loans in moderate-income
census tracts. BPPR's small business lending performance in moderate-income census tracts was below the
demographic of 33.6% of businesses located in moderate-income census tracts and comparable to the
aggregate lending which made 20.6% by number and 21.2% by dollar of small business loans in moderate-
income census tracts.
Small Farm Loans
The geographic distribution of small farm loans was adequate based on adequate penetration in moderate-
income geographies in the assessment area. In 2020, the bank did not make any small farm loans in low-
income census tracts as there were no small farms in low-income census tracts. In 2020, the bank made
52.5% by number and 30.4% by dollar of small farm loans in moderate-income census tracts. BPPR’s small
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63
farm lending performance in moderate-income census tracts was above the demographic of 30.8% of farms
located in moderate-income census tracts and comparable to the aggregate lending, which made 52.5% by
number and 30.4% by dollar of small farm loans in moderate-income census tracts.
In 2019, the bank did not make any small farm loans in low-income census tracts as there were no small
farms in low-income census tracts. In 2019, the bank did not make any small farm loans in moderate-income
census tracts. BPPR’s small farm lending performance in moderate-income census tracts was compared to
the demographic of 30.8% of farms located in moderate-income census tracts and comparable to the
aggregate, which also did not make any small farm loans in moderate-income census tracts.
Lending to Borrowers of Different Incomes and to Businesses of Different Sizes
The distribution of borrowers reflected, given the product lines offered, adequate penetration among
customers of different income levels and businesses of different sizes. This conclusion is based on poor
distribution of home purchase and home improvement loans, adequate distribution of refinance to LMI
borrowers, adequate distribution to small farms, and good distribution to small businesses throughout the
assessment area.
Home Purchase Loans
Overall distribution of home purchase loans to borrowers of different income levels was poor based on poor
penetration among low-income customers and poor penetration among moderate-income customers for
home purchase lending in the assessment area. In 2020, the bank did not make any loans to low-income
borrowers. This was compared to the demographic of 28.7% of low-income families in the assessment area
and the aggregate lending which made 0.2% by number and less than that by dollar to low-income families.
The bank's lending to moderate-income borrowers was 1.4% by number and 1.0% by dollar, which was
below the aggregate lending of 3.6% by number and 2.2% by dollar, and significantly below the
demographic of 12.8% moderate-income families in the assessment area.
In 2019, the bank did not make any loans to low-income borrowers. This was compared to the demographic
of 28.7% of low-income families in the assessment area and the aggregate lending which made 0.2% by
number and 0.1% by dollar of home purchase loans to low-income families. The bank's lending to
moderate-income borrowers was 4.7% by number and 3.0% by dollar, which was below the aggregate
lending of 5.6% by number and 3.3% by dollar, and below the demographic of 12.8% moderate-income
families in the assessment area.
Refinance Loans
Overall distribution of refinance loans to borrowers of different income levels was adequate based on
adequate penetration among low-income customers and adequate penetration among moderate-income
customers for refinance lending. In 2020, the bank did not make any loans to low-income borrowers. This
was comparable to the aggregate lending which also did not make any refinance loans to low-income
borrowers. The bank's performance was compared to the demographic of 28.7% of low-income families in
the assessment area. The bank also did not make any loans to moderate-income borrowers. This was
compared to the aggregate lending which made 3.8% by number and 2.1% by dollar, and the demographic
of 12.8% moderate-income families in the assessment area.
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In 2019, the bank did not make any loans to low-income borrowers. This was compared to the aggregate
lending which made 0.7% by number and 0.3% by dollar and the demographic of 28.7% of low-income
families in the assessment area. In 2019, the bank made 8.6% of refinance loans by number and 4.0% by
dollar to moderate-income borrowers. The bank’s performance exceeded the aggregate, which made 7.1%
by number and 3.9% by dollar, and below the demographic of 12.8% moderate-income families in the
assessment area.
Home Improvement loans
Overall distribution of home improvement loans to borrowers of different income levels was poor based on
poor penetration among low-income customers and poor penetration among moderate-income customers
for home improvement lending in the assessment area. The bank did not make any home improvement
loans to low- or moderate-income borrowers during the review period. Similarly, the aggregate did not
make any home improvement loans to low- or moderate-income borrowers during the same period of time.
The bank's performance was compared to the demographic of 28.7% of low-income families and 12.8% of
moderate-income families in the assessment area.
Small Business loans
Overall, the distribution of small business loans to businesses of different sizes was good based on good
penetration among small businesses in the assessment area. In 2020, the bank originated 40.1% of loans by
number and 37.2% by dollar to businesses with gross annual revenues of $1 million or less. The bank's
lending to small businesses exceeded the aggregate lending of 34.4% by number and 28.2% by dollar, and
significantly below the demographic of 82.6% of businesses in the assessment area with gross annual
revenues of $1 million or less. The bank also originated 91.9% of loans to assessment area businesses in
amounts of $100,000 or less, which are typically considered more responsive to the credit needs of very
small businesses.
In 2019, the bank originated 71.0% of loans by number and 53.1% by dollar to businesses with gross annual
revenues of $1 million or less. The bank's lending to small businesses exceeded the aggregate lending at
58.4% by number and 46.0% by dollar, and comparable to the demographic of 78.7% of businesses in the
assessment area with gross annual revenues of $1 million or less. The bank also originated 87.6% of loans
to assessment area businesses in amounts of $100,000 or less, which are typically considered more
responsive to the credit needs of very small businesses.
Small Farm loans
Overall, the distribution of small farm loans to farms of different sizes was adequate based on adequate
penetration among small farms in the assessment area. In 2020, the bank originated 20.0% of loans by
number and 35.2% by dollar to farms with gross annual revenues of $1 million or less. The bank's lending
to small farms was comparable to the aggregate lending which made 20.0% of loans by number and 35.2%
by dollar and was below the demographic of 92.3% of farms in the assessment area with gross annual
revenues of $1 million or less. The bank also originated 100.0% of loans to assessment area farms in
amounts of $100,000 or less, which are typically considered more responsive to the credit needs of very
small businesses.
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In 2019, the bank originated 100% of loans by number and 100% by dollar to farms with gross annual
revenues of $1 million or less. The bank's lending to small farms was comparable to the aggregate lending,
which made 100% of loans by number and 100% by dollar and exceeded the demographic of 92.3% of
farms in the assessment area with gross annual revenues of $1 million or less. The bank also originated
100.0% of loans to assessment area farms in amounts of $100,000 or less, which are typically considered
more responsive to the credit needs of very small businesses.
Community Development Lending
BPPR made an adequate level of community development loans in the MSA 38660 (Ponce, PR) assessment
area. During the evaluation period, the bank made 39 CD loans for approximately $33.0 million,
representing 3.1% of all BPPR’s community development lending activity.
BPPR’s CD lending was primarily for community
services and revitalization and stabilization, as
noted in the table. The bank decreased the
annualized dollar amount of CD lending in the
assessment area by 64.7% from the prior exam.
The bank ranked second when compared to two
similarly situated banks based on annualized
community development loans to deposits within
the MSA 38660 (Ponce, PR) assessment area.
Examples of community development lending
included the following:
• A $6.8 million loan for a NMTC construction project of a new academic center and primary care
clinic in an LMI geography.
• A $1 million SBA PPP loan to retain 140 jobs in a moderate-income census tract during the COVID-
19 pandemic.
INVESTMENT TEST
BPPR’s performance in MSA 38660 (Ponce, PR) is based on the following summary. The bank made an
adequate level of qualified community development investments and grants, particularly those not routinely
provided by private investors, and rarely in a leadership position. The bank made occasional use of
innovative or complex investments to support community development initiatives and exhibited adequate
responsiveness to credit and community development needs.
CD LOANS
MSA 38660 (Ponce, PR)
PURPOSE
#
$(000s)
Affordable Housing
0
$0
Economic Development
3
$1,265
Community Services
27
$16,849
Revitalization and Stabilization
9
$14,832
TOTAL
39
$32,946
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66
During the evaluation period, the bank made 18
CD investments and grants in the assessment
area totaling $530,000. The bank’s annualized
amount of CD investments in the assessment
area increased by 31.5% from the prior exam.
However, the bank’s deposits in the assessment
area also significantly increased. Examiners
took into account the fact that 92.4% of the
bank’s investments were not limited to specific
assessment areas but benefited all of Puerto
Rico. This assessment area benefitted from the
bank’s $190.7 million in investments in the PCC
and Popular Mezzanine Funds, as well as the
bank’s investments in mortgage-backed security investments benefitting all of Puerto Rico. The bank
ranked below two similarly situated banks when comparing annualized community development loans to
deposits within the MSA 38660 (Ponce, PR) assessment area.
Examples of qualified investments included:
• A $52,600 grant to a foundation that focuses on entrepreneurship development initiatives offering
economic development through workshops and seminars.
• A $50,000 donation made at a fundraising event that supported community programs benefitting LMI
individuals.
SERVICE TEST
BPPR’s performance under the service test in MSA 38660 (Ponce, PR) is based on delivery systems that
were readily accessible to the bank’s geographies and individuals of different income levels in the
assessment area, changes in branch locations did not adversely affect accessibility, services did not vary in
a way that inconvenienced the needs of the assessment area, and hours and services were tailored to the
convenience and needs of its assessment area. The bank provided a relatively high level of community
development services within the assessment area.
Retail Services
BPPR's delivery systems were readily accessible to all geographies of the assessment area and individuals
of different income levels. BPPR had ten branches in the assessment area, of which one, or 10.0%, was
located in a moderate-income census tract, while 29.6% of the assessment area’s households resided in low-
or moderate-income census tracts. BPPR operated a total of 39 ATMs throughout the assessment area, of
which 12.8% were located in LMI geographies. Of the ATMs in the assessment area, 22 were located off-
site and 13.6% of the off-site ATMs were located in LMI geographies.
CD INVESTMENTS
MSA 38660 (Ponce, PR)
PURPOSE
#
$(000s)
Affordable Housing
0
$0
Economic Development
1
$53
Community Services
16
$422
Revitalization and Stabilization
1
$55
TOTAL
18
$530
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BPPR’s record of opening and closings of branches in the assessment area did not adversely affect the
accessibility of its delivery systems, particularly to low- and moderate-income geographies and low-and
moderate-income individuals. During the evaluation period, BPPR did not open or close any branches in
the assessment area.
BPPR’s hours and services were tailored to the convenience and needs of the assessment area, particularly
LMI geographies and/or LMI individuals. Of the ten branches in the MSA 38660 (Ponce, PR) assessment
area, six, or 60.0%, had Saturday, Sunday, or holiday hours. The bank’s one branch in an LMI census tracts
also had Saturday, Sunday, or holiday hours.
Community Development Services
BPPR provided a relatively high level of community development services within the assessment area. As
presented in the table below, BPPR conducted 181 community service events in the assessment area. The
services consisted of a wide variety of events related to the financial education of children and adults and
also providing small business technical assistance.
Examples of community development services
include:
• The bank offered a workshop seminar through the
bank’s Populoso Financial Education Program, by
visiting schools and communities to teach
children about the importance of saving.
• A bank employee offered a seminar through the
Finance at Your Fingertips Program which covered
the topic of Financial Education and Savings. Finance at Your Fingertips was established by Banco
Popular to create awareness about the importance on the effective management of personal finances.
CD SERVICES
MSA 38660 (Ponce, PR)
Board & Committee Memberships
0
Technical Assistance
53
Seminars and Other Services
128
Total
181
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68
METROPOLITAN AREA
MSA 11640 (ARECIBO, PR)
(LIMITED REVIEW)
DESCRIPTION OF INSTITUTION'S OPERATIONS
A limited evaluation of BPPR's performance in MSA 11640 (Arecibo, PR) was conducted. According to
the 2015 ACS, MSA 11640 (Arecibo, PR) had 5.4% of the total population of Puerto Rico, and according
to 2020 D& B information, 3.1% of all business establishments. The assessment area had an unemployment
rate of 8.1% in 2021, and 45.7% of its families were below the poverty rate.
Key demographic highlights are listed on the chart below:
Assessment Area Demographics – MSA 11640 (Arecibo, PR)
Income Category
Tract Distribution
Percentage of Owner-
Occupied Housing Units
by Tract
Percentage of Families by
Income Level
# %
Low Income
1
2.2%
0.5%
26.2%
Moderate Income
9
20.0%
13.2%
14.5%
Middle Income
22
48.9%
59.4%
17.0%
Upper Income
9
20.0%
27.0%
42.2%
Unknown
4
8.9%
0.0%
0.0%
Total
45
100.0%
100.0%
100.0%
During the evaluation period BPPR had 4.2% of its Puerto Rico lending activity in this assessment area and
maintained six branches. Three of the branches were in LMI census tracts. The six branches operating in
MSA 11640 (Arecibo, PR) generated 1.7% of the bank’s deposits in Puerto Rico as of June 30, 2021. BPPR
was the leading bank in the assessment area (1 of 3) with 64.8% of all deposits.
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS IN MSA 11640
(ARECIBO, PR)
The overall lending test rating for Puerto Rico is High Satisfactory. BPPR’s lending test performance in the
assessment area was generally consistent this performance. During the evaluation period, the bank’s lending
performance reflected good geographic distribution and borrower distribution was adequate. Community
Development lending performance was at a relatively high level. BPPR made 15 loans totaling $7.7
million, representing 0.7% of all BPPR’s community development loans in the assessment area during the
evaluation period. Investment test performance was below the High Satisfactory performance in Puerto
Rico, as the bank did not have any community development investments and made only grants and
donations of $70,000. Service test performance was consistent with the High Satisfactory rating in Puerto
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
69
Rico. The bank operated six branches in the assessment area, of which three were located in an LMI census
tract. The institution provided a relatively high level of community development services in the assessment
area.
Facts and data reviewed, including performance, can be found in the tables accompanying this report in
Appendix A. Conclusions regarding performance, which did not impact the overall rating, are as follows:
Assessment Area Lending Test Investment Test Service Test
MSA 11640 (Arecibo, PR) Consistent
Below
Consistent
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METROPOLITAN AREA
MSA 25020 (GUAYAMA, PR)
(LIMITED REVIEW)
DESCRIPTION OF INSTITUTION'S OPERATIONS
A limited evaluation of BPPR’s performance in MSA 25020 (Guayama, PR) was conducted. Located on
the Caribbean coast of Puerto Rico, the assessment area has a population of 81,159 or 2.3% of the total
population of Puerto Rico and 0.9% of Puerto Rico’s business establishments according to 2020 D&B
information. Unemployment in the MSA 25020 (Guayama, PR) assessment area was 8.5% in 2021. The
assessment area also has high poverty rates with 51.4% of all families with incomes below the poverty rate.
Key demographic highlights are listed on the chart below:
Assessment Area Demographics – MSA 25020 (Guayama, PR)
Income Category
Tract Distribution
Percentage of Owner-
Occupied Housing Units
by Tract
Percentage of Families
by Income Level
# %
Low Income
1
5.0%
1.5%
24.9%
Moderate Income
1
5.0%
3.5%
14.4%
Middle Income
13
65.0%
78.5%
17.3%
Upper Income
2
10.0%
16.5%
43.5%
Unknown
3
15.0%
0.0%
0.0%
Total
20
100.0%
100.0%
100.0%
During the evaluation period BPPR had 1.4% of its Puerto Rico lending activity in this assessment area and
maintained three branches. None of the branches were in LMI census tracts. The three branches operating
in MSA 25020 (Guayama, PR) generated 0.6% of BPPR’s deposits in Puerto Rico as of June 30, 2021.
BPPR is the leading bank in the assessment area (1 of 3) with 68.5% of all deposits.
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS IN MSA 25020
(GUAYAMA, PR)
The overall lending test rating for Puerto Rico is High Satisfactory. BPPR’s lending test performance in
the assessment area was below this performance. During the evaluation period, the bank’s lending reflected
poor geographic distribution and borrower distribution was adequate. Community Development lending
performance was at a relatively high level. BPPR originated four community development loans totaling
$29.5 million, representing 2.8% of all BPPR’s community development loans in the assessment area
during the evaluation period. Investment test performance was below the High Satisfactory performance in
Puerto Rico, as the bank did not have any community development investments or grants and donations.
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Service test performance was consistent with the High Satisfactory rating in Puerto Rico. The bank operated
three branches in the assessment area, of which none were located in LMI census tracts. The institution
provided a relatively high level of community development services in the assessment area.
Facts and data reviewed, including performance, can be found in the tables accompanying this report in
Appendix A. Conclusions regarding performance, which did not impact the overall rating, are as follows:
Assessment Area Lending Test Investment Test Service Test
MSA 25020 (Guayama, PR) Below
Below
Consistent
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METROPOLITAN AREA
MSA 32420 (MAYAGÜEZ, PR)
(LIMITED REVIEW)
DESCRIPTION OF INSTITUTION'S OPERATIONS
A limited evaluation of Banco Popular de Puerto Rico's performance in MSA 32420 (Mayagüez, P.R.) was
conducted. According to the 2015 ACS, Mayagüez has 3.1% of the total population of Puerto Rico and
according to 2020 D&B information, 3.1% of all business establishments. The assessment area had an
unemployment rate of 8.7% in 2021 and 43.4% of its families below the poverty rate.
Key demographic highlights are listed below:
Assessment Area Demographics – MSA 32420 (Mayagüez, PR)
Income Category
Tract Distribution
Percentage of Owner-
Occupied Housing Units
by Tract
Percentage of Families by
Income Level
# %
Low Income
1
2.9%
1.6%
28.2%
Moderate Income
11
32.4%
21.5%
13.0%
Middle Income
11
32.4%
39.6%
16.6%
Upper Income
8
23.5%
36.1%
42.1%
Unknown
3
8.8%
1.2%
0.0%
Total
34
100.0%
100.0%
100.0%
During the evaluation period BPPR had 3.1% of its lending activity in the MSA 32420 (Mayagüez, PR)
assessment area and maintained seven branches. Four of the branches were in LMI census tracts. The
seven branches operating in MSA 32420 (Mayagüez, PR) generated 1.9% of deposits in Puerto Rico as of
June 30, 2021. BPPR is the leading bank in the assessment area (one of three) with 59.3% of all deposits.
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS IN MSA 32420
(MAYAGÜEZ, PR)
The overall lending test rating for Puerto Rico is High Satisfactory. BPPR’s lending test performance in
the assessment area was generally consistent with this performance. During the evaluation period, the
bank’s lending reflected good geographic distribution and borrower distribution was adequate. Community
Development lending was at a relatively high level. BPPR originated 28 community development loans
totaling $34.1 million, representing 3.2% of all BPPR’s community development loans in the assessment
area during the evaluation period. Investment test performance was below the High Satisfactory
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performance in Puerto Rico, as the bank did not have any community development investments and made
only grants and donations of $266,000. Service test performance was consistent with the High Satisfactory
rating in Puerto Rico. The bank operated seven branches in the assessment area, of which four were located
in LMI census tracts. The institution provided a relatively high level of community development services
in the assessment area.
Facts and data reviewed, including performance, can be found in the tables accompanying this report in
Appendix A. Conclusions regarding performance, which did not impact the overall rating, are as follows:
Assessment Area Lending Test Investment Test Service Test
MSA 32420 (Mayagüez, PR) Consistent
Below
Consistent
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METROPOLITAN AREA
MSA 41900 (SAN GERMÁN, PR)
(LIMITED REVIEW)
DESCRIPTION OF INSTITUTION'S OPERATIONS
A limited evaluation of BPPR's performance in MSA 41900 (San Germán, PR) was conducted. According
to the 2015 ACS, the MSA 41900 (San Germán, PR) assessment area has 3.7% of the total population of
Puerto Rico and according to 2020 D&B information, 1.9% of all business establishments in Puerto Rico.
The assessment area had an unemployment rate of 8.9% in 2021 and 48.1% of its families below the poverty
rate.
Key demographic highlights are listed below:
Assessment Area Demographics – MSA 41900 (San Germán, PR)
Income Category
Tract Distribution
Percentage of Owner-
Occupied Housing Units
by Tract
Percentage of Families
by Income Level
# %
Low Income
0
0.0%
0.0%
27.5%
Moderate Income
4
12.9%
9.1%
14.2%
Middle Income
18
58.1%
66.8%
16.6%
Upper Income
6
19.4%
24.2%
41.7%
Unknown
3
9.7%
0.0%
0.0%
Total
31
100.0%
100.0%
100.0%
During the evaluation period BPPR had 3.2% of its Puerto Rico lending activity in the MSA 32420 (San
Germán, PR) assessment area and maintained four branches. None of the branches were in LMI census
tracts. The four branches operating in MSA 41900 (San Germán, PR) generated 1.4% of BPPR’s deposits
in Puerto Rico as of June 30, 2021. BPPR is the leading bank in the assessment area (one of two) with
97.74% of all deposits.
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS IN MSA 41900
(SAN GERMÁN, PR)
The overall lending test rating for Puerto Rico is High Satisfactory. BPPR’s lending test performance in
the assessment area was generally consistent with this performance. During the evaluation period, the
bank’s lending reflected good geographic distribution and borrower distribution was adequate. Community
Development lending was at a relatively high level. BPPR originated seven community development loans
totaling $7.0 million, representing 0.7% of all BPPR’s community development loans in the assessment
area during the evaluation period. Investment test performance was below the High Satisfactory
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75
performance in Puerto Rico, as the bank did not have any community development investments and made
only grants and donations of $25,000. Service test performance was consistent with the High Satisfactory
rating in Puerto Rico. The bank operated four branches in the assessment area, of which none were located
in LMI census tracts. The institution provided a relatively high level of community development services
in the assessment area.
Facts and data reviewed, including performance, can be found in the tables accompanying this report in
Appendix A. Conclusions regarding performance, which did not impact the overall rating, are as follows:
Assessment Area Lending Test Investment Test Service Test
MSA 41900 (San Germán, PR) Consistent
Below
Consistent
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METROPOLITAN AREA
MSA 49500 (YAUCO, PR)
(LIMITED REVIEW)
DESCRIPTION OF INSTITUTION'S OPERATIONS
A limited evaluation of BPPR’s performance in MSA 49500 (Yauco, PR) was conducted. According to
the 2015 ACS, Yauco has 2.8% of the total population of Puerto Rico and according to 2020 D&B
information, 1.2% of all business establishments in Puerto Rico. The assessment area had a high
unemployment rate of 11.7% in 2021 and 54.2% of its families below the poverty rate.
Key demographic highlights are listed below:
Assessment Area Demographics – MSA 49500 (Yauco, PR)
Income Category
Tract Distribution
Percentage of Owner-
Occupied Housing Units
by Tract
Percentage of Families
by Income Level
# %
Low Income
0
0.0%
0.0%
25.5%
Moderate Income
3
9.4%
10.6%
14.8%
Middle Income
19
59.4%
66.9%
17.0%
Upper Income
7
21.9%
22.4%
42.7%
Unknown
3
9.4%
0.0%
0.0%
Total
32
100.0%
100.0%
100.0%
During the evaluation period BPPR had 1.6% of its lending activity in the MSA 49500 (Yauco, PR)
assessment area and maintained four branches. Two of the branches were in LMI census tracts. The four
branches operating in MSA 49500 (Yauco, PR) generated 0.5% of deposits in Puerto Rico as of June 30,
2021. BPPR is the leading bank in the assessment area (one of three) with 68.3% of all deposits.
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS IN MSA 49500
(YAUCO, PR)
The overall lending test rating for Puerto Rico is High Satisfactory. BPPR’s lending test performance in
the assessment area was generally consistent with this performance. During the evaluation period, the
bank’s lending reflected good geographic distribution and borrower distribution was adequate. Community
Development lending was poor. BPPR originated no community development loans in the assessment
area during the evaluation period. Investment test performance was below the High Satisfactory
performance in Puerto Rico, as the bank did not have any community development investments and made
no grants and donations. Service test performance was consistent with the High Satisfactory rating in Puerto
Rico. The bank operated four branches in the assessment area, of which two were located in LMI census
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77
tracts. The institution did not provide any community development services in the assessment area. BPPR’s
performance in MSA 49500 (Yauco, PR) was consistent with its overall performance in Puerto Rico, which
was based on performance in the full-scope assessment areas. Facts and data reviewed, including
performance, can be found in the tables accompanying this report in Appendix A. Conclusions regarding
performance, which did not impact the overall rating, are as follows:
Assessment Area Lending Test Investment Test Service Test
MSA 49500 (Yauco, PR) Consistent
Below
Consistent
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NON-METROPOLITAN PUERTO RICO
(LIMITED REVIEW)
DESCRIPTION OF INSTITUTION'S OPERATIONS
A limited evaluation of BPPR's performance in the Puerto Rico Non-Metropolitan (“non-metro PR”)
assessment area was conducted. According to the 2015 ACS, the non-metro PR assessment area has 3.5%
of the total population of Puerto Rico and according to D&B information, 1.8% of all business
establishments in Puerto Rico. The assessment area had an unemployment rate of 9.8% in 2021 and 48.4%
of its families below the poverty rate.
Key demographic highlights are listed below:
Assessment Area Demographics – Puerto Rico Non-Metro Assessment Area
Income Category
Tract Distribution
Percentage of Owner-
Occupied Housing
Units by Tract
Percentage of
Families by Income
Level
# %
Low Income
0
0.0%
0.0%
27.3%
Moderate Income
7
21.2%
17.3%
14.2%
Middle Income
18
54.5%
65.4%
15.7%
Upper Income
4
12.1%
17.4%
42.8%
Unknown
4
12.1%
0.0%
0.0%
Total
33
100.0%
100.0%
100.0%
During the evaluation period BPPR had 2.4% of its lending activity in the Puerto Rico non-metro
assessment area and maintained seven branches. One of the branches was in an LMI census tract. The
seven branches operating in the Puerto Rico non-metro assessment area generated 0.8% of BPPR’s deposits
in Puerto Rico as of June 30, 2021. BPPR was the leading bank in the assessment area (one of two) with
90.4% of all deposits.
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS IN NON-
METROPOLITAN PUERTO RICO
The overall lending test rating for Puerto Rico is High Satisfactory. BPPR’s lending test performance in
the assessment area was generally consistent with this performance. During the evaluation period, the
bank’s lending reflected good geographic distribution and borrower distribution was adequate. Community
Development lending was at an adequate level. BPPR originated 12 community development loans
totaling $2.8 million, representing 0.3% of all BPPR’s community development loans in the assessment
area during the evaluation period. Investment test performance was below the High Satisfactory
performance in Puerto Rico, as the bank did not have any community development investments and made
only grants and donations of $109,000. Service test performance was consistent with the High Satisfactory
Banco Popular de Puerto Rico CRA Public Evaluation
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rating in Puerto Rico. The bank operated seven branches in the assessment area, of which one was located
in a moderate-income census tract. The institution provided a relatively high level of community
development services in the assessment area.
Facts and data reviewed, including performance, can be found in the tables accompanying this report in
Appendix A. Conclusions regarding performance, which did not impact the overall rating, are as follows:
N
Assessment Area Lending Test Investment Test Service Test
Non-Metro PR Consistent
Below
Consistent
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U.S. VIRGIN ISLANDS
CRA RATING FOR U.S. VIRGIN ISLANDS: SATISFACTORY
The Lending Test is rated: Low Satisfactory
The Investment Test is rated: High Satisfactory
The Service Test is rated: High Satisfactory
The major factors supporting the rating include:
LENDING TEST
• Lending levels reflected adequate responsiveness to assessment area credit needs.
• The geographic distribution of loans reflected adequate penetration throughout the assessment area.
• The distribution of borrowers reflected, given the product lines offered, adequate penetration
among customers of different income levels and businesses of different sizes.
• Exhibited an adequate record of serving the credit needs of low-income individuals and areas and
very small businesses.
• Made a relatively high level of community development loans.
• Made limited use of innovative and/or flexible lending practices in serving assessment area credit
needs.
INVESTMENT TEST
• Made a significant level of qualified community development investments and grants, particularly
those not routinely provided by private investors, occasionally in a leadership position.
• Made occasional use of innovative and/or complex investments to support community development
initiatives.
• Exhibited good responsiveness to credit and community development needs.
SERVICE TEST
• Delivery systems were readily accessible to the bank's geographies and individuals of different
income levels in its assessment area.
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• Record of opening and closing of branches did not adversely affect the accessibility of its delivery
systems, particularly to low- and moderate-income geographies and/or LMI individuals.
• Services were tailored to convenience and needs of its assessment area, particularly LMI
geographies and/or LMI individuals.
• Provided an adequate level of community development services.
SCOPE OF EXAMINATION
Examiner evaluation of BPPR’s activities in the USVI consisted of a full-scope review of its USVI
assessment area. BPPR’s USVI full-scope area made up 2.4% of the deposits and 1.1% of the
loans originated in the USVI assessment area during the review period.
DESCRIPTION OF INSTITUTION'S OPERATIONS
BPPR operated eight retail branches in the USVI, representing 4.8% of BPPR’s total branch network. Four
of the branches in the USVI are located in moderate-income geographies. BPPR is one of only five banks
in the USVI Non-Metropolitan assessment area. During the review period, approximately 1.1% of the
bank’s total loans were originated in the USVI. As of June 30, 2021, BPPR’s USVI branches held $1.9
billion in deposits, or 2.4% of the bank’s total deposit volume. BPPR ranks first in deposit market share
(44.5%) ahead of its principal competitor, FirstBank (30.9%). Other banks included Oriental Bank, United
Fidelity Bank, FSB, and Merchants Commercial Bank.
PERFORMANCE CONTEXT
The following demographic and economic information were used to describe the assessment area and to
evaluate the context in which BPPR operates. The information was obtained from publicly available
sources, including the 2006 - 2010 U.S. Census Bureau American Community Survey, 2010 U.S. Census
Bureau, 2015 ACS, U.S. Department of Labor ("DOL"), D&B, FFIEC, USVI Bureau of Economic
Research, USVI Bureau of Labor Statistics, and U.S. Department of Housing and Urban Development
("HUD").
Demographic Characteristics
The USVI assessment area included the islands of St. Croix, St. John, and St. Thomas. The assessment
area comprised all of the USVI. According to the 2015 ACS, the population of the assessment area was
106,405. The assessment area consisted of 32 census tracts, of which one or 3.1% were low-income, seven
or 21.9% were moderate-income, 16 or 50.0% were middle-income, five or 15.6% were upper-income, and
three or 9.4% were of unknown-income.
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Income Characteristics
Based on the 2015 ACS data, the USVI assessment area had 26,237 families, of which approximately 2.2%
resided in low-income geographies and 25.3% resided in moderate-income geographies. According to the
2010 census data, approximately 27.0% of families residing in the USVI assessment area were considered
low-income and 12.0% were moderate-income.
The FFIEC median family incomes for the islands comprising the USVI AA as of the 2015 ACS were as
follows:
USVI - Median Family Income
Area
2010 Median
Family Income
2015 Median
Family Income
Percent
Change
USVI AA/Virgin
Islands $45,058 $45,058 0.00%
Source: 2006 - 2010 U.S. Census Bureau American Community Survey
2011 - 2015 U.S. Census Bureau American Community Survey
Median Family Incomes have been inflation-adjusted and are expressed in 2015
dollars.
Housing Characteristics
According to the 2010 Census, the USVI assessment area had 55,901 housing units, of which 37.0% were
owner-occupied, 40.3% were rentals, and 22.7% were vacant. Of the total housing units, 1.6% were located
in low-income tracts, 27.3% in moderate-income tracts, 50.7% in middle-income tracts, 20.4% in upper-
income tracts, and 0.0% in unknown-income tracts.
According to the USVI Bureau of Economic Research, in 2019, the average sales price of condominiums
in the USVI assessment area was $242,175, up 15.8% from $209,183 recorded in 2018. The St. Thomas-
St. John district condominium average price was $279,159 compared to $200,290 one year earlier.
Comparing the MFI to the average home price illustrated the challenges LMI individuals faced in obtaining
affordable housing.
Housing Cost Burden: Data was not available for the USVI.
Labor, Employment and Economic Characteristics
According to D&B data, there were 1,028 businesses operating in the assessment area in 2019, of which
0.1% were located in low-income census tracts and 55.0% were located in moderate-income tracts. Of the
total businesses operating in the assessment area, 82.0% were small businesses with a GAR of $1 million
or less, of which 0.1% were located in low-income geographies and 55.0% were located in moderate-
income geographies.
In 2020, there were 1,614 businesses operating in the assessment area, of which 0.1% were located in low-
income census tracts and 54.5% were located in moderate-income tracts. Of the total businesses operating
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in the assessment area, 87.9% were small businesses with a GAR of $1 million or less, of which 0.1% were
located in low-income geographies and 54.1% were located in moderate-income geographies.
According to the USVI Bureau of Economic Research, unemployment in the assessment area was 11.1%
in 2016, increased to 12.0% in 2017, decreased to 8.5% in 2018, decreased to 6.1% in 2019, increased to
8.7% in 2020, and increased to 8.8% in 2021.
According to the U.S. Bureau of Economic Analysis, the USVI economy was substantially affected by the
COVID-19 pandemic due to its effects on spending by consumers, visitors, businesses, and governments.
In 2020, exports of services, which historically consisted primarily of spending by visitors, decreased
43.5% and total visitor arrivals declined 58.5%, according to statistics from the USVI government.
Additionally, private fixed investment decreased 27.7%, reflecting declines in business spending on
construction and equipment. However, despite this decline, private-sector investment spending remained
at an elevated level, supported by capital improvement projects ongoing in 2020 to resume oil refinery
operations on St. Croix.
USVI - Unemployment Rates
Area
2016
2017
2018
2019
2020
2021
USVI AA
11.1%
12.0%
8.4%
6.0%
10.1%
8.8%
St. Croix Island, VI
11.1%
11.8%
8.2%
5.4%
8.6%
9.5%
St. John Island/ St. Thomas Island, VI
11.0%
12.1%
8.6%
6.4%
11.2%
8.1%
Source: USVI Bureau of Labor Statistics (BLS), Local Area Unemployment Statistics
CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS IN U.S. VIRGIN
ISLANDS
LENDING TEST
BPPR’s lending test performance was rated Low Satisfactory. BPPR’s lending levels activity in reflected
adequate responsiveness to assessment area credit needs, the geographic distribution of loans reflected
adequate penetration throughout the assessment area, the distribution of borrowers reflected, given the
product lines offered, adequate penetration among customers of different income levels and businesses of
different sizes, and the bank made a relatively high level of CD loans and made limited use of innovative
and/or flexible lending practices in serving assessment area credit needs.
Lending Activity
Lending activity reflected adequate responsiveness to assessment area credit needs. During the evaluation
period, the bank originated or purchased 36 home purchase loans, 35 refinance loans, six home
improvement loans, and 764 small business loans. Lending activity in the USVI represented approximately
1.0% of the bank’s total lending activity evaluated during this evaluation period.
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Volume trends during the evaluation period indicated an annualized decrease in home purchase lending of
14.3%. However, total HMDA-related lending slightly increased by 2.6%. Annualized small business
lending increased by 591.4% in the assessment area.
While BPPR collected and provided loan data for the CRA evaluation, HMDA loan data for loans originated
or purchased in the USVI are not subject to regulatory reporting requirements. As a result, aggregate
analysis was not conducted for HMDA data.
Geographic Distribution of Loans
The geographic distribution of the bank’s HMDA-related lending was adequate based on adequate
penetration in LMI geographies, and the geographic distribution of small business lending was good based
on good penetration in LMI tracts throughout the USVI assessment area.
BPPR’s overall lending in the USVI is limited and HMDA-related lending volumes were insufficient to
analyze on an individual product basis; therefore, HMDA-related lending was analyzed as a group and
small business lending was analyzed separately. Small farm lending volumes were insufficient and
excluded from the analysis. As complete demographic data from the 2010 Census is not available at the
census tract level, the level of HMDA-related lending in LMI census tracts was compared to the percentage
of LMI census tracts. Aggregate HMDA-related lending data were also not available for the USVI.
Home Purchase, Refinance, and Home Improvement Loans
The geographic distribution of the bank’s HMDA-related lending was adequate based penetration in LMI
geographies.
In 2020, no HMDA-related loans were made in the assessment area’s one low-income
census tract, which represented 3.1% of all census tracts. The bank made 22.4% by number and 19.0%
by dollar of HMDA-related loans in moderate-income census tracts, which represented 21.9% of census
tracts in the assessment area.
In 2019, 3.6% by number and 1.2% by dollar of all HMDA-related loans were made in the assessment
area’s one low-income census tract, which represented 3.1% of all census tracts. The bank made 14.3% by
number and 11.6% by dollar of HMDA-related loans in moderate-income census tracts, which represented
21.9% of census tracts in the assessment area.
Small Business Loans
The geographic distribution of small business loans was good based on penetration in both low- and
moderate-income geographies in the assessment area. In 2020, the bank made 0.1% by number and 0.01%
by dollar of small business loans in the assessment area’s one low-income census tract, which represented
3.1% of all census tracts. The bank's small business lending performance in low-income census tracts was
comparable to the demographic of 0.1% of businesses located in low-income census tracts and below the
aggregate lending which made 0.2% by number and 0.3% by dollar of small business loans in low-income
census tracts. The bank made 32.3% by number and 38.8% by dollar of small business loans in moderate-
income census tracts, which represented 21.9% of all census tracts. BPPR’s small business lending
performance in moderate-income census tracts was below the demographic of 54.5% of businesses located
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in moderate-income census tracts and exceeded the aggregate lending which made 27.4% by number and
35.0% by dollar of small business loans in moderate-income census tracts.
In 2019, the bank did not make any small business loans in the assessment area’s one low-income census
tract, which represented 3.1% of all census tracts which was comparable to the aggregate lending. The
bank made 48.4% by number and 40.6% by dollar of small business loans in moderate-income census tracts,
which represented 21.9% of all census tracts. BPPR’s small business lending performance in moderate-
income census tracts was below the demographic of 54.5% of businesses located in moderate-income
census tracts but exceeded the aggregate lending which made 16.5% by number and 27.5% by dollar of
small business loans in moderate-income census tracts.
Lending to Borrowers of Different Incomes and to Businesses of Different Sizes
The distribution of borrowers reflected, given the product lines offered, adequate penetration among
customers of different income levels and businesses of different sizes. Overall, HMDA lending to LMI
borrowers was adequate and lending to businesses with gross annual revenues of $1 million or less was
adequate.
BPPR’s overall lending in the USVI is limited and HMDA-related lending volumes were insufficient to
analyze on an individual product basis. Therefore, HMDA-related lending was analyzed as one product
group and small business lending was analyzed separately. Aggregate HMDA lending data were not
available for the USVI.
Home Purchase, Refinance, and Home Improvement Loans
The distribution of HMDA loans was adequate based on penetration among LMI borrowers in the
assessment area. Considering performance context factors noted in Housing Characteristics above, BPPR’s
HMDA-related lending performance to low-income borrowers was adequate overall when compared to the
27.0% of families in the USVI who are low-income and to the 12% of families in the USVI who are
moderate-income.
In 2020, the bank originated 2.0% by number and 0.3% by dollar of all HMDA-related loans to low-income
borrowers and 2.0% by number, 0.7% by dollar, to moderate-income borrowers in the assessment area. In
2019, the bank originated 3.6% by number and 1.6% by dollar of all HMDA-related loans to low-income
borrowers and 17.9% by number, 7.9% by dollar, to moderate-income borrowers in the assessment area.
Small Business Loans
The distribution of small business loans to businesses of different sizes was adequate based on penetration
among small businesses in the assessment area. In 2020, the bank originated 11.3% of loans by number and
15.7% by dollar to businesses with gross annual revenues of $1 million or less. The bank's lending to small
businesses was comparable to the aggregate, which made 15.0% by number and 9.0% by dollar and below
the 87.9% percentage of businesses in the assessment area with gross annual revenues of $1 million or less.
The bank also originated 90.1% of loans to assessment area businesses in amounts of $100,000 or less,
which are typically considered more responsive to the credit needs of very small businesses.
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In 2019, the bank originated 57.8% of loans by number and 35.1% by dollar to businesses with gross annual
revenues of $1 million or less. The bank's lending to small businesses exceeded the aggregate, which made
38.0% by number and 29.3% by dollar and below the 82.0% percentage of businesses in the assessment
area with gross annual revenues of $1 million or less. The bank also originated 65.6% of loans to assessment
area businesses in amounts of $100,000 or less, which are typically considered more responsive to the credit
needs of very small businesses.
Community Development Lending
Banco Popular made a relatively high level of community development loans in the USVI. During the
evaluation period, community development lending in the USVI totaled 13 loans for $78.7 million.
On an annualized basis, the bank increased the
dollar amount of loans by 12.8% from the
previous examination in which the bank
originated 25 qualified loans for approximately
$107.8 million. The bank’s lending was
responsive to some of the community
development needs within the USVI. Within the
assessment area, CD lending efforts were
distributed among community services and
revitalization and stabilization. No loans
addressed affordable housing which was
identified as a significant assessment area need.
Examples of community development lending included the following:
• Four loans for $36.3 million to fund critical infrastructure to be provided to LMI individuals and
areas in the USVI.
• A $30 million loan to USVI Public Finance Authority to support the local government of the USVI,
ensuring the ability to continue to provide critical government services in distressed and LMI areas
of the USVI.
INVESTMENT TEST
BPPR’s performance in the USVI is based on the following summary and was rated High Satisfactory. The
bank made a significant level of qualified CD investments and grants, particularly those not routinely
provided by private investors, occasionally in a leadership position. The bank made occasional use of
innovative and/or complex investments to support CD initiatives. The bank exhibited good responsiveness
to credit and CD needs.
During the review period, the bank made 50 qualified CD investments totaling $1.3 million in the
USVI, which included 12 investments totaling $1.0 million and 38 donations totaling $300,000. This
represented an annualized 717.2% increase in investment dollars between the previous and current
examinations.
CD LOANS
U.S. Virgin Islands
PURPOSE
#
$(000s)
Affordable Housing
0
0
Economic Development
0
0
Community Services
3
2,670
Revitalization and Stabilization
10
76,057
TOTAL
13
78,725
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
87
The bank’s CD investments included grants to
responsive and innovative programs geared
towards meeting economic development needs
and other community needs after the natural
disasters and the COVID-19 pandemic.
Examples of CD investments in the USVI
included the following:
• Investments of $1 million in MBS
benefitting the USVI.
• A $2,500 grant to the American Red
Cross of the U.S. Virgin Islands to help
with disaster and emergency response.
• A $5,000 donation to a Small Business Development Center that provided technical assistance to
the USVI business community.
SERVICE TEST
BPPR’s performance under the service test in the USVI is rated High Satisfactory based on delivery systems
that were readily accessible to the bank’s geographies and individuals of different income levels in the
assessment area, changes in branch locations did not adversely affect accessibility, services did not vary in
a way that inconvenienced the needs of the assessment area, and hours and services were tailored to the
convenience and needs of its assessment area. The bank provided an adequate level of community
development services within the assessment area.
Retail Services
BPPR’s delivery systems in the USVI were readily accessible to all geographies of the assessment area,
when compared with the percentage of the assessment area’s population residing in LMI geographies.
BPPR operated eight branches in this assessment area, of which four branches, or 50.0%, were located in
moderate-income areas, compared to 28.8% of the assessment area’s population residing in LMI areas.
Alternative delivery systems somewhat enhanced the bank’s performance in this assessment area. BPPR
used multiple alternative delivery systems, including bank-by-mail, internet banking, mobile banking, and
24/7/365 live customer service.
During the evaluation period, no branches were opened, closed, or relocated. BPPR’s hours and services
were tailored to the convenience and needs of its assessment area. During the review period, the number
of branches with extended hours on Friday increased from zero to seven branches, and Saturday and holiday
hours were available at three branches in this assessment area, one of which was in a moderate-income
geography.
Community Development Services
CD INVESTMENTS
U.S. Virgin Islands
PURPOSE
#
$(000s)
Affordable Housing
12
$1,039
Economic Development
0
$0
Community Services
37
$243
Revitalization and Stabilization
1
$40
TOTAL
50
$1,322
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
88
BPPR provided an adequate level of community development services in the USVI. The bank provided 18
qualified CD service activities which included five board and committee memberships and provided an
educational seminar to entry-level entrepreneurs, small businesses, and individuals thinking about starting
a business through the Virgin Islands Small Business Development Center.
CD SERVICES
U.S. Virgin Islands
Activity Type
Number of
Activities
Board & Committee Memberships 5
Technical Assistance 2
Seminars and Other Services 11
Total Community Development Services 18
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
89
APPENDIX A
HMDA & Small Business Distribution Reports
Distribution of 2019 and 2020 Home Mortgage Lending By Income Level of Geography
Assessment Area: MSA 41980
Geographic
Income Level
Bank And Aggregate Loans By Year
Owner
Occupied
Units %
2019 2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
Home Purchase Loans
Low 30 1.0 1.7 2,398 0.5 1.2 18 0.6 1.6 1,876 0.3 1.1 1.8
Moderate 389 12.7 14.5 47,121 9.6 11.2 383 13.2 16.5 49,707 9.2 12.8 24.4
Middle 1,064 34.6 36.2 127,421 26.0 29.4 987 34.1 37.2 131,519 24.4 30.8 41.2
Upper 1,583 51.5 47.4 313,194 63.8 57.8 1,502 51.9 44.4 355,543 65.9 54.8 32.6
Unknown 6 0.2 0.3 815 0.2 0.3 4 0.1 0.3 839 0.2 0.4 0.1
Total 3,072 100.0 100.0 490,949 100.0 100.0 2,894 100.0 100.0 539,484 100.0 100.0 100.0
Refinance Loans
Low 6 1.1 1.2 354 0.5 0.8 3 0.3 0.8 260 0.1 0.4 1.8
Moderate 65 12.3 15.7 10,818 13.9 14.0 102 9.0 12.1 17,682 7.4 9.4 24.4
Middle 186 35.2 36.1 19,625 25.2 29.1 310 27.3 30.3 41,099 17.1 21.8 41.2
Upper 270 51.1 46.4 46,968 60.3 55.7 717 63.1 56.3 180,137 75.1 68.0 32.6
Unknown 1 0.2 0.6 80 0.1 0.4 4 0.4 0.4 775 0.3 0.4 0.1
Total 528 100.0 100.0 77,845 100.0 100.0 1,136 100.0 100.0 239,953 100.0 100.0 100.0
Home Improvement Loans
Low 0 0.0 0.0 0 0.0 0.0 2 3.6 2.8 221 2.5 2.0 1.8
Moderate 15 38.5 29.6 1,116 35.2 24.7 9 16.1 13.9 1,127 12.5 10.8 24.4
Middle 11 28.2 33.8 826 26.1 31.7 20 35.7 36.1 2,704 30.0 31.1 41.2
Upper 13 33.3 36.6 1,228 38.7 43.7 25 44.6 47.2 4,966 55.1 56.2 32.6
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.1
Total 39 100.0 100.0 3,170 100.0 100.0 56 100.0 100.0 9,018 100.0 100.0 100.0
Multifamily Loans
Multi-
family
Units %
Low 0 0.0 0.0 0 0.0 0.0 1 20.0 12.5 10,300 45.0 44.2 10.5
Moderate 0 0.0 10.0 0 0.0 0.4 0 0.0 0.0 0 0.0 0.0 16.3
Middle 3 60.0 40.0 33,025 69.3 67.5 2 40.0 50.0 5,002 21.9 22.9 25.4
Upper 2 40.0 50.0 14,616 30.7 32.2 2 40.0 37.5 7,590 33.2 32.9 46.8
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 1.0
Total 5 100.0 100.0 47,641 100.0 100.0 5 100.0 100.0 22,892 100.0 100.0 100.0
Total Home Mortgage Loans
Owner
Occupied
Units %
Low 58 1.1 1.6 4,162 0.6 1.1 123 1.1 1.4 20,509 1.3 1.3 1.8
Moderate 766 14.3 15.3 78,346 10.5 11.8 1,792 15.5 16.4 174,549 11.2 12.7 24.4
Middle 1,926 36.1 36.5 225,721 30.1 30.7 4,320 37.4 37.2 452,368 29.0 30.6 41.2
Upper 2,573 48.2 46.2 440,044 58.7 56.0 5,292 45.8 44.7 906,849 58.2 55.0 32.6
Unknown 17 0.3 0.4 1,263 0.2 0.4 23 0.2 0.3 3,081 0.2 0.4 0.1
Total 5,340 100.0 100.0 749,536 100.0 100.0 11,550 100.0 100.0 1,557,356 100.0 100.0 100.0
Source: 2020 FFIEC Census Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
90
Distribution of 2019 and 2020 Home Mortgage Lending By Income Level of Geography
Assessment Area: MSA 41980
Geographic
Income Level
Bank And Aggregate Loans By Year
Owner
Occupied
Units %
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #%
$(000)
$% $% # #% #%
$(000)
$% $%
Other Purpose LOC
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 1.8
Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 24.4
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 41.2
Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 32.6
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.1
Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 100.0
Other Purpose Closed/Exempt
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 1.8
Moderate 0 0.0 13.9 0 0.0 10.0 0 0.0 16.4 0 0.0 13.6 24.4
Middle 0 0.0 39.1 0 0.0 30.5 0 0.0 32.8 0 0.0 27.4 41.2
Upper 0 0.0 46.1 0 0.0 58.0 0 0.0 50.7 0 0.0 59.0 32.6
Unknown 0 0.0 0.9 0 0.0 1.5 0 0.0 0.0 0 0.0 0.0 0.1
Total 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 100.0
Purpose Not Applicable
Low 22 1.3 1.3 1,410 1.1 1.1 99 1.3 1.5 7,852 1.1 1.3 1.8
Moderate 297 17.5 18.8 19,291 14.8 16.5 1,298 17.4 18.0 106,033 14.2 15.3 24.4
Middle 662 39.0 38.3 44,824 34.5 33.6 3,001 40.2 40.2 272,044 36.5 36.6 41.2
Upper 705 41.6 40.5 64,038 49.3 47.9 3,046 40.8 40.0 358,613 48.1 46.5 32.6
Unknown 10 0.6 1.1 368 0.3 0.9 15 0.2 0.3 1,467 0.2 0.3 0.1
Tract-Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0
Total
1,696
100.0
100.0
129,931
100.0
100.0
7,459
100.0
100.0
746,009
100.0
100.0
100.0
Source: 2020 FFIEC Census Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
91
Distribution of 2019 and 2020 Home Mortgage Lending By Borrower Income Level
Assessment Area: MSA 41980
Borrower Income
Level
Bank And Aggregate Loans By Year
Families by
Family
Income %
2019 2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
Home Purchase Loans
Low 14 0.5 0.8 621 0.1 0.3 8 0.3 0.5 398 0.1 0.2 26.5
Moderate 87 2.8 7.5 6,287 1.3 3.9 64 2.2 7.7 5,101 0.9 4.0 15.0
Middle 199 6.5 15.2 18,326 3.7 10.1 119 4.1 15.3 11,408 2.1 9.9 15.7
Upper 1,158 37.7 58.2 247,973 50.5 68.9 856 29.6 53.8 239,349 44.4 63.5 42.8
Unknown 1,614 52.5 18.2 217,742 44.4 16.8 1,847 63.8 22.7 283,228 52.5 22.4 0.0
Total 3,072 100.0 100.0 490,949 100.0 100.0 2,894 100.0 100.0 539,484 100.0 100.0 100.0
Refinance Loans
Low 10 1.9 3.4 563 0.7 1.7 4 0.4 0.6 196 0.1 0.2 26.5
Moderate 37 7.0 9.5 2,673 3.4 5.5 25 2.2 4.3 2,066 0.9 2.0 15.0
Middle 63 11.9 16.7 5,379 6.9 11.1 68 6.0 8.3 6,523 2.7 4.5 15.7
Upper 305 57.8 56.7 51,930 66.7 66.6 718 63.2 58.5 174,399 72.7 67.3 42.8
Unknown 113 21.4 13.7 17,300 22.2 15.1 321 28.3 28.2 56,769 23.7 26.0 0.0
Total 528 100.0 100.0 77,845 100.0 100.0 1,136 100.0 100.0 239,953 100.0 100.0 100.0
Home Improvement Loans
Low 3 7.7 4.2 165 5.2 2.8 1 1.8 1.4 29 0.3 0.3 26.5
Moderate 6 15.4 15.5 326 10.3 12.0 1 1.8 1.4 70 0.8 0.6 15.0
Middle 7 17.9 22.5 520 16.4 19.1 0 0.0 4.2 0 0.0 1.6 15.7
Upper 18 46.2 50.7 1,734 54.7 58.9 14 25.0 34.7 2,837 31.5 39.1 42.8
Unknown 5 12.8 7.0 425 13.4 7.2 40 71.4 58.3 6,082 67.4 58.4 0.0
Total 39 100.0 100.0 3,170 100.0 100.0 56 100.0 100.0 9,018 100.0 100.0 100.0
Total Home Mortgage Loans
Low 27 0.5 1.0 1,349 0.2 0.4 13 0.1 0.3 623 0.0 0.1 26.5
Moderate 130 2.4 6.7 9,286 1.3 3.7 90 0.8 4.2 7,237 0.5 2.5 15.0
Middle 269 5.0 13.2 24,225 3.5 9.3 187 1.6 8.3 17,931 1.2 6.0 15.7
Upper 1,481 27.8 49.4 301,637 43.0 62.3 1,588 13.8 34.1 416,585 27.1 46.6 42.8
Unknown 3,428 64.3 29.7 365,398 52.1 24.1 9,667 83.7 53.0 1,092,088 71.2 44.7 0.0
Total 5,335 100.0 100.0 701,895 100.0 100.0 11,545 100.0 100.0 1,534,464 100.0 100.0 100.0
Source: 2020 FFIEC Census Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Multifamily loans are not included in the borrower distribution analysis.
Distribution of 2019 and 2020 Home Mortgage Lending By Borrower Income Level
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
92
Assessment Area: MSA 41980
Borrower
Income Level
Bank And Aggregate Loans By Year
Families
by Family
Income %
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #%
$(000)
$% $% # #% #%
$(000)
$% $%
Other Purpose LOC
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 26.5
Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 15.0
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 15.7
Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 42.8
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 100.0
Other Purpose Closed/Exempt
Low 0 0.0 1.7 0 0.0 0.7 0 0.0 0.0 0 0.0 0.0 26.5
Moderate 0 0.0 10.4 0 0.0 5.8 0 0.0 14.9 0 0.0 9.3 15.0
Middle 0 0.0 17.4 0 0.0 11.4 0 0.0 11.9 0 0.0 7.9 15.7
Upper 0 0.0 60.0 0 0.0 71.6 0 0.0 67.2 0 0.0 76.3 42.8
Unknown 0 0.0 10.4 0 0.0 10.5 0 0.0 6.0 0 0.0 6.6 0.0
Total 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 100.0
Purpose Not Applicable
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 26.5
Moderate 0 0.0 0.0 1,696 1.3 0.0 0 0.0 0.0 7,459 1.0 0.0 15.0
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 15.7
Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 42.8
Unknown 1,696 100.0 100.0 0 0.0 100.0 7,459 100.0 100.0 0 0.0 100.0 0.0
Total
1,696
100.0
100.0
129,931
100.0
100.0
7,459
100.0
100.0
746,009
100.0
100.0
100.0
Source: 2020 FFIEC Census Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Distribution of 2019 and 2020 Small Business Lending By Income Level of Geography
Assessment Area: MSA 41980
Geographic
Income Level
Bank And Aggregate Loans By Year
Total
Businesses %
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
#
#%
#%
$(000)
$%
$%
#
#%
#%
$(000)
$%
$%
Low
300
4.6
3.3
22,742
4.2
3.4
865
3.5
3.2
43,446
4.0
3.6
4.6
Moderate
1,362
20.9
16.4
107,353
19.9
17.6
4,477
18.3
16.9
194,964
17.9
17.5
23.0
Middle 1,912 29.4 24.0 148,367 27.5 27.0 7,069 28.9 27.4 287,018 26.4 25.9 23.5
Upper 2,881 44.2 46.8 253,395 47.0 49.3 11,889 48.6 50.1 547,440 50.4 51.1 47.6
Unknown
56
0.9
0.8
6,926
1.3
1.4
154
0.6
0.7
13,902
1.3
1.5
1.3
Tract-Unknown
0
0.0
8.5
0
0.0
1.3
0
0.0
1.7
0
0.0
0.4
Total
6,511
100.0
100.0
538,783
100.0
100.0
24,454
100.0
100.0
1,086,770
100.0
100.0
100.0
Source: 2020 FFIEC Census Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
93
Distribution of 2019 and 2020 Small Business Lending By Revenue Size of Businesses
Assessment Area: MSA 41980
Bank And Aggregate Loans By Year
Total
Businesses%
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
By Revenue
$1 Million
or Less
4,458
68.5 55.6 230,491 42.8 37.6 8,579 35.1 30.0 315,099 29.0 23.1 77.7
Over $1
Million
1,774
27.2 281,402 52.2 3,219 13.2 511,598 47.1 21.0
Revenue
Unknown
279
4.3 26,890 5.0 12,656 51.8 260,073 23.9 1.3
Total 6,511 100.0 538,783 100.0 24,454 100.0 1,086,770 100.0 100.0
By Loan Size
$100,000 or
Less
5,389 82.8 86.6 188,908 35.1 32.1 22,277 91.1 90.5 464,716 42.8 39.8
$100,001 -
$250,000
711
10.9 7.7 132,626 24.6 21.8 1,420 5.8 6.0 241,558 22.2 21.8
$250,001 -
$1 Million
411
6.3 5.7 217,249 40.3 46.1 757 3.1 3.5 380,496 35.0 38.4
Total 6,511 100.0 100.0 538,783 100.0 100.0 24,454 100.0 100.0 1,086,770 100.0 100.0
By Loan Size and Revenues $1 Million or Less
$100,000 or
Less
4,072
91.3
122,513
53.2
8,094
94.3
191,615
60.8
$100,001 -
$250,000
252
5.7
43,615
18.9
336
3.9
56,083
17.8
$250,001 - $1
Million
134
3.0
64,363 27.9
149
1.7
67,401 21.4
Total
4,458
100.0
230,491
100.0
8,579
100.0
315,099
100.0
Source: 2020 FFIEC Census Data
2020 Dun & Bradstreet Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Distribution of 2019 and 2020 Small Farm Lending By Income Level of Geography
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
94
Assessment Area: MSA 41980
Geographic
Income
Level
Bank And Aggregate Loans By Year
Total
Farms
%
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
Low 1 1.9 1.8 49 0.8 0.7 7 1.7 1.7 516 4.0 3.9 2.6
Moderate 17 31.5 35.1 703 11.2 14.9 106 25.2 25.3 2,332 18.1 20.3 43.6
Middle 21 38.9 36.8 2,693 42.9 41.1 144 34.2 34.0 4,917 38.2 37.2 29.9
Upper 15 27.8 26.3 2,830 45.1 43.2 162 38.5 38.5 5,082 39.5 38.5 23.9
Unknown 0 0.0 0.0 0 0.0 0.0 2 0.5 0.5 20 0.2 0.2 0.0
Total 54 100.0 100.0 6,275 100.0 100.0 421 100.0 100.0 12,867 100.0 100.0 100.0
Source: 2020 FFIEC Census Data
2020 Dun & Bradstreet Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Distribution of 2019 and 2020 Small Farm Lending By Revenue Size of Farms
Assessment Area: MSA 41980
Bank And Aggregate Loans By Year
Total
Farms
%
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
#
#%
#%
$(000)
$%
$%
#
#%
#%
$(000)
$%
$%
By Revenue
$1 Million
or Less
36 66.7 66.7 1,619 25.8 28.1 109 25.9 26.2 2,979 23.2 25.2 94.9
Over $1
Million
16 29.6
4,439
70.7
38
9.0
5,198
40.4
5.1
Revenue
Unknown
2 3.7
217
3.5
274
65.1
4,690
36.4
0.0
Total
54
100.0
6,275
100.0
421
100.0
12,867
100.0
100.0
By Loan Size
$100,000
or Less
38 70.4 70.2 1,446 23.0 23.8 390 92.6 92.4 6,148 47.8 46.5
$100,001 -
$250,000
8 14.8 15.8 1,570 25.0 26.4 21 5.0 5.0 3,076 23.9 23.3
$250,001 -
$500,000
8 14.8 14.0 3,259 51.9 49.8 10 2.4 2.6 3,643 28.3 30.2
Total
54
100.0
100.0
6,275
100.0
100.0
421
100.0
100.0
12,867
100.0
100.0
By Loan Size and Revenues $1 Million or Less
$100,000
or Less
33 91.7
1,074
66.3
102
93.6
1,833
61.5
$100,001 -
$250,000
3 8.3
545
33.7
6
5.5
757
25.4
$250,001 -
$500,000
0 0.0
0 0.0
1
0.9
389 13.1
Total
36
100.0
1,619
100.0
109
100.0
2,979
100.0
Source: 2020 FFIEC Census Data
2020 Dun & Bradstreet Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Distribution of 2019 and 2020 Home Mortgage Lending By Income Level of Geography
Assessment Area: MSA 10380
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
95
Geographic
Income
Level
Bank And Aggregate Loans By Year
Owner
Occupied
Units %
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
Home Purchase Loans
Low 1 0.4 0.5 60 0.2 0.4 1 0.5 1.1 44 0.2 0.5 0.9
Moderate 28 12.1 14.9 3,075 11.0 13.9 37 18.6 15.4 3,971 14.8 12.7 19.3
Middle 128 55.4 54.3 16,277 58.0 56.2 100 50.3 55.4 14,344 53.5 57.6 56.9
Upper 74 32.0 30.3 8,668 30.9 29.4 61 30.7 28.1 8,473 31.6 29.2 22.9
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Total 231 100.0 100.0 28,080 100.0 100.0 199 100.0 100.0 26,832 100.0 100.0 100.0
Refinance Loans
Low 0 0.0 0.9 0 0.0 1.3 1 1.2 1.6 92 0.9 1.0 0.9
Moderate 8 19.0 15.9 688 13.4 13.6 10 12.3 14.7 1,084 11.1 11.0 19.3
Middle 22 52.4 58.6 2,980 58.2 60.0 45 55.6 58.4 5,445 55.9 63.1 56.9
Upper 12 28.6 24.5 1,454 28.4 25.1 25 30.9 25.3 3,122 32.0 24.9 22.9
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Total 42 100.0 100.0 5,122 100.0 100.0 81 100.0 100.0 9,743 100.0 100.0 100.0
Home Improvement Loans
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.9
Moderate 2 33.3 30.0 142 35.3 35.0 0 0.0 0.0 0 0.0 0.0 19.3
Middle 2 33.3 50.0 190 47.3 54.2 3 75.0 68.8 354 78.0 56.2 56.9
Upper 2 33.3 20.0 70 17.4 10.8 1 25.0 31.3 100 22.0 43.8 22.9
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Total 6 100.0 100.0 402 100.0 100.0 4 100.0 100.0 454 100.0 100.0 100.0
Multifamily Loans
Multi-
family
Units %
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 2.7
Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 29.8
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 51.6
Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 15.9
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 100.0
Total Home Mortgage Loans
Owner
Occupied
Units %
Low 2 0.5 0.7 107 0.3 0.7 2 0.3 1.0 136 0.2 0.6 0.9
Moderate 55 14.8 15.9 4,858 12.0 14.2 121 18.0 16.5 11,109 15.6 13.6 19.3
Middle 202 54.3 54.6 23,662 58.6 57.0 327 48.7 53.6 36,092 50.7 56.5 56.9
Upper 113 30.4 28.8 11,763 29.1 28.2 222 33.0 29.0 23,840 33.5 29.4 22.9
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Tract-
Unknown
0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0
Total 372 100.0 100.0 40,390 100.0 100.0 672 100.0 100.0 71,177 100.0 100.0 100.0
Source: 2020 FFIEC Census Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
96
Distribution of 2019 and 2020 Home Mortgage Lending By Borrower Income Level
Assessment Area: MSA 10380
Borrower
Income
Level
Bank And Aggregate Loans By Year
Families
by
Family
Income
%
2019 2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
Home Purchase Loans
Low 0 0.0 0.1 0 0.0 0.1 1 0.5 0.3 28 0.1 0.1 26.4
Moderate 5 2.2 2.3 321 1.1 1.1 5 2.5 2.6 364 1.4 1.2 14.7
Middle 25 10.8 11.5 2,116 7.5 7.5 11 5.5 9.5 912 3.4 5.7 15.9
Upper 132 57.1 75.8 17,901 63.8 82.1 113 56.8 76.2 16,896 63.0 82.0 43.0
Unknown 69 29.9 10.2 7,742 27.6 9.2 69 34.7 11.4 8,632 32.2 10.9 0.0
Total 231 100.0 100.0 28,080 100.0 100.0 199 100.0 100.0 26,832 100.0 100.0 100.0
Refinance Loans
Low 0 0.0 1.8 0 0.0 0.5 0 0.0 0.3 0 0.0 0.0 26.4
Moderate 1 2.4 5.9 65 1.3 2.7 0 0.0 4.1 0 0.0 1.9 14.7
Middle 1 2.4 17.3 38 0.7 11.0 4 4.9 9.1 342 3.5 5.6 15.9
Upper 34 81.0 70.0 4,417 86.2 80.5 68 84.0 70.3 8,189 84.1 75.0 43.0
Unknown 6 14.3 5.0 602 11.8 5.4 9 11.1 16.3 1,212 12.4 17.4 0.0
Total 42 100.0 100.0 5,122 100.0 100.0 81 100.0 100.0 9,743 100.0 100.0 100.0
Home Improvement Loans
Low 1 16.7 10.0 25 6.2 3.9 0 0.0 0.0 0 0.0 0.0 26.4
Moderate 1 16.7 10.0 45 11.2 6.9 0 0.0 6.3 0 0.0 2.1 14.7
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 6.3 0 0.0 4.8 15.9
Upper 4 66.7 80.0 332 82.6 89.2 1 25.0 68.8 44 9.7 73.6 43.0
Unknown 0 0.0 0.0 0 0.0 0.0 3 75.0 18.8 410 90.3 19.6 0.0
Total 6 100.0 100.0 402 100.0 100.0 4 100.0 100.0 454 100.0 100.0 100.0
Total Home Mortgage Loans
Low 1 0.3 0.5 25 0.1 0.1 1 0.1 0.2 28 0.0 0.1 26.4
Moderate 7 1.9 2.9 431 1.1 1.4 5 0.7 2.2 364 0.5 1.2 14.7
Middle 26 7.0 11.8 2,154 5.3 7.9 15 2.2 6.6 1,254 1.8 4.4 15.9
Upper 170 45.7 66.0 22,650 56.1 75.3 182 27.1 52.8 25,129 35.3 62.9 43.0
Unknown 168 45.2 18.8 15,130 37.5 15.3 469 69.8 38.2 44,402 62.4 31.5 0.0
Total 372 100.0 100.0 40,390 100.0 100.0 672 100.0 100.0 71,177 100.0 100.0 100.0
Source: 2020 FFIEC Census Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Multifamily loans are not included in the borrower distribution analysis.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
97
Distribution of 2019 and 2020 Home Mortgage Lending By Borrower Income Level
Assessment Area: MSA 10380
Borrower
Income
Level
Bank And Aggregate Loans By Year
Families
by
Family
Income
%
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
Other Purpose LOC
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 26.4
Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 14.7
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 15.9
Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 43.0
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 100.0
Other Purpose Closed/Exempt
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 26.4
Moderate 0 0.0 3.8 0 0.0 3.6 0 0.0 11.1 0 0.0 3.9 14.7
Middle 0 0.0 34.6 0 0.0 28.7 0 0.0 0.0 0 0.0 0.0 15.9
Upper 0 0.0 53.8 0 0.0 55.6 0 0.0 77.8 0 0.0 89.3 43.0
Unknown 0 0.0 7.7 0 0.0 12.1 0 0.0 11.1 0 0.0 6.8 0.0
Total 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 100.0
Purpose Not Applicable
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 26.4
Moderate 0 0.0 0.0 93 1.4 0.0 0 0.0 0.0 388 1.1 0.0 14.7
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 15.9
Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 43.0
Unknown 93 100.0 100.0 0 0.0 100.0 388 100.0 100.0 0 0.0 100.0 0.0
Total 93 100.0 100.0 6,786 100.0 100.0 388 100.0 100.0 34,148 100.0 100.0 100.0
Source: 2020 FFIEC Census Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Distribution of 2019 and 2020 Small Business Lending By Income Level of Geography
Assessment Area: MSA 10380
Geographic
Income
Level
Bank And Aggregate Loans By Year
Total
Businesses
%
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
#
#%
#%
$(000)
$%
$%
#
#%
#%
$(000)
$%
$%
Low
24
2.5
3.3
1,249
2.2
2.4
80
3.0
3.1
2,480
2.4
2.3
9.8
Moderate
182
19.3
17.4
12,391
21.5
22.1
486
18.2
17.4
19,873
19.5
19.1
9.7
Middle
516
54.8
49.4
31,354
54.3
52.2
1,453
54.3
54.1
53,694
52.7
53.6
47.2
Upper
220
23.4
21.2
12,759
22.1
20.8
655
24.5
23.9
25,904
25.4
24.2
33.4
Tract-
Unknown
0 0.0 8.7 0 0.0 2.4 0 0.0 1.5 0 0.0 0.9
Total
942
100.0
100.0
57,753
100.0
100.0
2,674
100.0
100.0
101,951
100.0
100.0
100.0
Source: 2020 FFIEC Census Data
2020 Dun & Bradstreet Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
98
Distribution of 2019 and 2020 Small Business Lending By Revenue Size of Businesses
Assessment Area: MSA 10380
Bank And Aggregate Loans By Year
Total
Businesses
%
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
By Revenue
$1 Million
or Less
706 74.9 66.8 27,664 47.9 48.4 1,198 44.8 39.4 38,122 37.4 33.6 87.8
Over $1
Million
193 20.5 24,843 43.0 338 12.6 44,350 43.5 11.2
Revenue
Unknown
43 4.6 5,246 9.1 1,138 42.6 19,479 19.1 1.0
Total
942 100.0 57,753 100.0 2,674 100.0 101,951 100.0 100.0
By Loan Size
$100,000
or Less
827 87.8 88.1 23,874 41.3 38.5 2,478 92.7 92.6 48,607 47.7 47.1
$100,001 -
$250,000
76 8.1 7.7 13,822 23.9 24.6 128 4.8 4.8 21,994 21.6 21.9
$250,001 -
$1 Million
39 4.1 4.2 20,057 34.7 37.0 68 2.5 2.6 31,350 30.8 31.0
Total
942 100.0 100.0 57,753 100.0 100.0 2,674 100.0 100.0 101,951 100.0 100.0
By Loan Size and Revenues $1 Million or Less
$100,000
or Less
659 93.3 16,168 58.4 1,144 95.5 24,339 63.8
$100,001 -
$250,000
37 5.2 6,480 23.4 37 3.1 5,753 15.1
$250,001 -
$1 Million
10 1.4 5,016 18.1 17 1.4 8,030 21.1
Total
706 100.0 27,664 100.0 1,198 100.0 38,122 100.0
Source: 2020 FFIEC Census Data
2020 Dun & Bradstreet Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Distribution of 2019 and 2020 Small Farm Lending By Income Level of Geography
Assessment Area: MSA 10380
Geographic
Income
Level
Bank And Aggregate Loans By Year
Total
Farms
%
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
#
#%
#%
$(000)
$%
$%
#
#%
#%
$(000)
$%
$%
Low
2
6.9
6.3
500
22.2
16.0
13
8.8
8.7
1,169
27.6
27.1
33.3
Moderate
10
34.5
31.3
740
32.8
23.7
41
27.7
27.5
1,661
39.2
38.5
2.4
Middle
14
48.3
53.1
943
41.9
58.0
72
48.6
49.0
1,179
27.9
29.3
38.1
Upper
3
10.3
9.4
70
3.1
2.2
22
14.9
14.8
224
5.3
5.2
26.2
Unknown
0
0.0
0.0
0
0.0
0.0
0
0.0
0.0
0
0.0
0.0
0.0
Total
29
100.0
100.0
2,253
100.0
100.0
148
100.0
100.0
4,233
100.0
100.0
100.0
Source: 2020 FFIEC Census Data
2020 Dun & Bradstreet Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
99
Distribution of 2019 and 2020 Small Farm Lending By Revenue Size of Farms
Assessment Area: MSA 10380
Bank And Aggregate Loans By Year
Total
Farms
%
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
By Revenue
$1 Million
or Less
24 82.8 84.4 1,480 65.7 75.2 67 45.3 45.6 2,484 58.7 59.5 95.2
Over $1
Million
3 10.3
720
32.0
9
6.1
762
18.0
4.8
Revenue
Unknown
2 6.9
53
2.4
72
48.6
987
23.3
0.0
Total
29 100.0
2,253 100.0
148 100.0
4,233 100.0
100.0
By Loan Size
$100,000
or Less
23 79.3 75.0 643 28.5 23.4 139 93.9 94.0 2,329 55.0 55.9
$100,001 -
$250,000
3 10.3 9.4 510 22.6 16.3 6 4.1 4.0 962 22.7 22.3
$250,001 -
$500,000
3 10.3 15.6 1,100 48.8 60.3 3 2.0 2.0 942 22.3 21.8
Total
29 100.0 100.0 2,253 100.0 100.0 148 100.0 100.0 4,233 100.0 100.0
By Loan Size and Revenues $1 Million or Less
$100,000
or Less
20 83.3
520
35.1
63
94.0
1,564
63.0
$100,001 -
$250,000
2 8.3
360
24.3
2
3.0
320
12.9
$250,001 -
$500,000
2 8.3
600 40.5
2
3.0
600 24.2
Total
24 100.0
1,480 100.0
67 100.0
2,484 100.0
Source: 2020 FFIEC Census Data
2020 Dun & Bradstreet Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
100
Distribution of 2019 and 2020 Home Mortgage Lending By Income Level of Geography
Assessment Area: MSA 38660
Geographic
Income
Level
Bank And Aggregate Loans By Year
Owner
Occupied
Units
(OOU) %
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
Home Purchase Loans
Low 4 2.3 1.5 243 1.4 0.9 3 2.2 3.1 146 0.8 1.8 3.9
Moderate 17 9.9 12.3 1,311 7.3 11.0 9 6.5 10.0 960 5.6 7.8 20.4
Middle 55 32.0 32.4 5,504 30.7 31.3 50 36.2 34.8 5,534 32.1 31.5 37.9
Upper
95 55.2 53.2 10,830 60.4 56.4 76 55.1 51.6 10,604 61.5 58.7 37.4
Unknown 1 0.6 0.7 45 0.3 0.4 0 0.0 0.5 0 0.0 0.2 0.4
Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0
Total 172 100.0 100.0 17,933 100.0 100.0 138 100.0 100.0 17,244 100.0 100.0 100.0
Refinance Loans
Low 0 0.0 0.7 0 0.0 0.6 1 1.8 3.0 54 0.7 4.1 3.9
Moderate 1 2.9 12.1 131 3.8 20.7 2 3.6 8.0 208 2.5 4.9 20.4
Middle
15
42.9
34.0
1,226
35.2
28.4
19
33.9
35.4
2,038
24.8
32.5
37.9
Upper 18 51.4 52.5 2,093 60.0 50.0 34 60.7 53.6 5,934 72.1 58.4 37.4
Unknown 1 2.9 0.7 36 1.0 0.2 0 0.0 0.0 0 0.0 0.0 0.4
Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0
Total 35 100.0 100.0 3,486 100.0 100.0 56 100.0 100.0 8,234 100.0 100.0 100.0
Home Improvement Loans
Low 0 0.0 0.0 0 0.0 0.0 1 33.3 25.0 35 9.5 7.0 3.9
Moderate
0 0.0 0.0 0 0.0 0.0 0 0.0 25.0 0 0.0 25.8 20.4
Middle 0 0.0 16.7 0 0.0 15.9 0 0.0 0.0 0 0.0 0.0 37.9
Upper 2 100.0 83.3 133 100.0 84.1 2 66.7 50.0 334 90.5 67.2 37.4
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.4
Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0
Total 2 100.0 100.0 133 100.0 100.0 3 100.0 100.0 369 100.0 100.0 100.0
Multifamily Loans
Multi-
family
Units %
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 27.7
Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 22.4
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 25.0
Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 22.7
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 2.2
Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0
Total
0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 100.0
Total Home Mortgage Loans
OOU
%
Low
6 1.8 1.5 316 1.1 1.0 22 2.7 2.9 1,220 1.7 2.3 3.9
Moderate 33 9.9 12.1 2,067 7.2 12.3 76 9.5 10.2 4,825 6.6 7.6 20.4
Middle 115 34.6 32.8 9,410 32.6 31.3 286 35.6 35.2 24,351 33.4 33.0 37.9
Upper 176 53.0 53.0 16,954 58.8 55.0 411 51.2 50.9 42,204 57.8 56.8 37.4
Unknown
2
0.6
0.6
81
0.3
0.4
8
1.0
0.7
382
0.5
0.3
0.4
Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0
Total 332 100.0 100.0 28,828 100.0 100.0 803 100.0 100.0 72,982 100.0 100.0 100.0
Source: 2020 FFIEC Census Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
101
Distribution of 2019 and 2020 Home Mortgage Lending By Income Level of Geography
Assessment Area: MSA 38660
Geographic
Income
Level
Bank And Aggregate Loans By Year
Owner
Occupied
Units %
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
Other Purpose LOC
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 3.9
Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 20.4
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 37.9
Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 37.4
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.4
Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 100.0
Other Purpose Closed/Exempt
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 3.9
Moderate 0 0.0 13.3 0 0.0 14.5 0 0.0 0.0 0 0.0 0.0 20.4
Middle 0 0.0 33.3 0 0.0 36.1 0 0.0 20.0 0 0.0 16.6 37.9
Upper 0 0.0 53.3 0 0.0 49.3 0 0.0 80.0 0 0.0 83.4 37.4
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.4
Total 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 100.0
Purpose Not Applicable
Low 2 1.6 2.6 73 1.0 2.1 17 2.8 2.6 985 2.1 1.9 3.9
Moderate 15 12.2 11.7 625 8.6 9.0 65 10.7 11.3 3,657 7.8 8.8 20.4
Middle 45 36.6 33.8 2,680 36.8 35.2 217 35.8 35.9 16,779 35.6 35.7 37.9
Upper 61 49.6 51.3 3,898 53.6 52.7 299 49.3 49.0 25,332 53.7 52.9 37.4
Unknown 0 0.0 0.6 0 0.0 1.0 8 1.3 1.2 382 0.8 0.7 0.4
Total
123
100.0
100.0
7,276
100.0
100.0
606
100.0
100.0
47,135
100.0
100.0
100.0
Source: 2020 FFIEC Census Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
102
Distribution of 2019 and 2020 Home Mortgage Lending By Borrower Income Level
Assessment Area: MSA 38660
Borrower
Income
Level
Bank And Aggregate Loans By Year
Families
by
Family
Income
%
2019 2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
Home Purchase Loans
Low 0 0.0 0.2 0 0.0 0.1 0 0.0 0.2 0 0.0 0.0 28.7
Moderate 8 4.7 5.6 534 3.0 3.3 2 1.4 3.6 176 1.0 2.2 12.8
Middle 29 16.9 16.0 2,419 13.5 12.0 4 2.9 13.1 256 1.5 8.7 15.2
Upper 87 50.6 66.9 9,795 54.6 73.1 51 37.0 60.8 7,733 44.8 68.6 43.3
Unknown 48 27.9 11.3 5,185 28.9 11.5 81 58.7 22.4 9,079 52.7 20.5 0.0
Total 172 100.0 100.0 17,933 100.0 100.0 138 100.0 100.0 17,244 100.0 100.0 100.0
Refinance Loans
Low 0 0.0 0.7 0 0.0 0.3 0 0.0 0.0 0 0.0 0.0 28.7
Moderate 3 8.6 7.1 140 4.0 3.9 0 0.0 3.8 0 0.0 2.1 12.8
Middle 3 8.6 14.2 167 4.8 8.2 4 7.1 8.0 259 3.1 5.1 15.2
Upper 28 80.0 70.2 3,093 88.7 79.5 40 71.4 53.2 6,080 73.8 59.5 43.3
Unknown 1 2.9 7.8 86 2.5 8.0 12 21.4 35.0 1,895 23.0 33.4 0.0
Total 35 100.0 100.0 3,486 100.0 100.0 56 100.0 100.0 8,234 100.0 100.0 100.0
Home Improvement Loans
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 28.7
Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 12.8
Middle 0 0.0 16.7 0 0.0 15.9 0 0.0 0.0 0 0.0 0.0 15.2
Upper 2 100.0 83.3 133 100.0 84.1 0 0.0 25.0 0 0.0 25.8 43.3
Unknown 0 0.0 0.0 0 0.0 0.0 3 100.0 75.0 369 100.0 74.2 0.0
Total 2 100.0 100.0 133 100.0 100.0 3 100.0 100.0 369 100.0 100.0 100.0
Total Home Mortgage Loans
Low 0 0.0 0.2 0 0.0 0.1 0 0.0 0.1 0 0.0 0.0 28.7
Moderate 11 3.3 4.9 674 2.3 3.1 2 0.2 2.0 176 0.2 1.4 12.8
Middle 32 9.6 13.3 2,586 9.0 10.4 8 1.0 6.6 515 0.7 5.2 15.2
Upper 117 35.2 56.3 13,021 45.2 66.4 91 11.3 32.7 13,813 18.9 43.6 43.3
Unknown 172 51.8 25.4 12,547 43.5 20.0 702 87.4 58.5 58,478 80.1 49.7 0.0
Total 332 100.0 100.0 28,828 100.0 100.0 803 100.0 100.0 72,982 100.0 100.0 100.0
Source: 2020 FFIEC Census Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Multifamily loans are not included in the borrower distribution analysis.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
103
Distribution of 2019 and 2020 Home Mortgage Lending By Borrower Income Level
Assessment Area: MSA 38660
Borrower
Income
Level
Bank And Aggregate Loans By Year
Families
by
Family
Income
%
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
Other Purpose LOC
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 28.7
Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 12.8
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 15.2
Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 43.3
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 100.0
Other Purpose Closed/Exempt
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 28.7
Moderate 0 0.0 6.7 0 0.0 8.5 0 0.0 0.0 0 0.0 0.0 12.8
Middle 0 0.0 26.7 0 0.0 32.1 0 0.0 60.0 0 0.0 55.9 15.2
Upper 0 0.0 60.0 0 0.0 51.9 0 0.0 40.0 0 0.0 44.1 43.3
Unknown 0 0.0 6.7 0 0.0 7.5 0 0.0 0.0 0 0.0 0.0 0.0
Total 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 100.0
Purpose Not Applicable
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 28.7
Moderate 0 0.0 0.0 123 1.7 0.0 0 0.0 0.0 606 1.3 0.0 12.8
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 15.2
Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 43.3
Unknown 123 100.0 100.0 0 0.0 100.0 606 100.0 100.0 0 0.0 100.0 0.0
Total 123 100.0 100.0 7,276 100.0 100.0 606 100.0 100.0 47,135 100.0 100.0 100.0
Source: 2020 FFIEC Census Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Distribution of 2019 and 2020 Small Business Lending By Income Level of Geography
Assessment Area: MSA 38660
Geographic
Income
Level
Bank And Aggregate Loans By Year
Total
Businesses
%
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
#
#%
#%
$(000)
$%
$%
#
#%
#%
$(000)
$%
$%
Low
31
5.2
6.2
3,234
8.2
9.6
80
4.1
4.6
6,291
7.5
6.1
9.7
Moderate
131
21.9
20.6
8,969
22.6
21.2
380
19.6
20.2
15,745
18.8
19.9
32.2
Middle
159
26.5
22.0
10,115
25.5
23.1
530
27.3
25.8
17,892
21.3
23.5
24.1
Upper
264
44.1
41.1
16,731
42.2
42.3
904
46.6
45.8
42,144
50.3
47.3
30.0
Unknown
14
2.3
10.1
566
1.4
3.8
47
2.4
3.6
1,786
2.1
3.2
3.9
Total
599
100.0
100.0
39,615
100.0
100.0
1,941
100.0
100.0
83,858
100.0
100.0
100.0
Source: 2020 FFIEC Census Data
2020 Dun & Bradstreet Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
104
Distribution of 2019 and 2020 Small Business Lending By Revenue Size of Businesses
Assessment Area: MSA 38660
Bank And Aggregate Loans By Year
Total
Businesses
%
2019 2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
By Revenue
$1 Million or
Less
425
71.0 58.4 21,018 53.1 46.0 779 40.1 34.4 31,156 37.2 28.2 82.6
Over $1
Million
143 23.9 15,952 40.3 287 14.8 34,738 41.4 16.7
Revenue
Unknown
31
5.2 2,645 6.7 875 45.1 17,964 21.4 0.7
Total 599 100.0 39,615 100.0 1,941 100.0 83,858 100.0 100.0
By Loan Size
$100,000 or
Less
525
87.6 88.5 17,840 45.0 40.4 1,783 91.9 91.8 39,758 47.4 45.7
$100,001 -
$250,000
49
8.2 7.5 8,432 21.3 21.8 98 5.0 5.0 15,821 18.9 18.4
$250,001 - $1
Million
25
4.2 4.0 13,343 33.7 37.8 60 3.1 3.2 28,279 33.7 36.0
Total 599 100.0 100.0 39,615 100.0 100.0 1,941 100.0 100.0 83,858 100.0 100.0
By Loan Size and Revenues $1 Million or Less
$100,000 or
Less
389 91.5 11,065 52.6 736 94.5 17,996 57.8
$100,001 -
$250,000
24
5.6 4,161 19.8 25 3.2 4,066 13.1
$250,001 - $1
Million
12
2.8 5,792 27.6 18 2.3 9,094 29.2
Total 425 100.0 21,018 100.0 779 100.0 31,156 100.0
Source: 2020 FFIEC Census Data
2020 Dun & Bradstreet Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Distribution of 2019 and 2020 Small Farm Lending By Income Level of Geography
Assessment Area: MSA 38660
Geographic
Income
Level
Bank And Aggregate Loans By Year
Total
Farms
%
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
#
#%
#%
$(000)
$%
$%
#
#%
#%
$(000)
$%
$%
Low
0
0.0
0.0
0
0.0
0.0
0
0.0
0.0
0
0.0
0.0
0.0
Moderate
0
0.0
0.0
0
0.0
0.0
21
52.5
52.5
185
30.4
30.4
30.8
Middle
3
100.0
75.0
95
100.0
96.0
11
27.5
27.5
227
37.3
37.3
23.1
Upper
0
0.0
0.0
0
0.0
0.0
8
20.0
20.0
196
32.2
32.2
46.2
Unknown
0
0.0
0.0
0
0.0
0.0
0
0.0
0.0
0
0.0
0.0
0.0
Tract-Unk
0
0.0
25.0
0
0.0
4.0
0
0.0
0.0
0
0.0
0.0
Total
3
100.0
100.0
95
100.0
100.0
40
100.0
100.0
608
100.0
100.0
100.0
Source: 2020 FFIEC Census Data
2020 Dun & Bradstreet Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
105
Distribution of 2019 and 2020 Small Farm Lending By Revenue Size of Farms
Assessment Area: MSA 38660
Bank And Aggregate Loans By Year
Total
Farms
%
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
By Revenue
$1 Million
or Less
3 100.0 100.0 95 100.0 100.0 8 20.0 20.0 214 35.2 35.2 92.3
Over $1
Million
0
0.0
0
0.0
0
0.0
0
0.0
7.7
Revenue
Unknown
0 0.0
0
0.0
32
80.0
394
64.8
0.0
Total 3 100.0
95 100.0
40 100.0
608 100.0
100.0
By Loan Size
$100,000 or
Less
3
100.0 100.0 95 100.0 100.0 39 97.5 97.5 507 83.4 83.4
$100,001 -
$250,000
0
0.0 0.0 0 0.0 0.0 1 2.5 2.5 101 16.6 16.6
$250,001 -
$500,000
0
0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0
Total 3 100.0 100.0 95 100.0 100.0 40 100.0 100.0 608 100.0 100.0
By Loan Size and Revenues $1 Million or Less
$100,000 or
Less
3
100.0
95
100.0
8
100.0
214
100.0
$100,001 -
$250,000
0 0.0
0
0.0
0
0.0
0
0.0
$250,001 -
$500,000
0
0.0
0 0.0
0
0.0
0 0.0
Total
3
100.0
95
100.0
8
100.0
214
100.0
Source: 2020 FFIEC Census Data
2020 Dun & Bradstreet Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
106
Distribution of 2019 and 2020 Home Mortgage Lending By Income Level of Geography
Assessment Area: USVI
Geographic
Income Level
Bank And Aggregate Loans By Year
Owner Occupied
Units %
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
Home Purchase Loans
Low 1 8.3 0.0 64 3.7 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Moderate 3 25.0 0.0 521 30.4 0.0 4 16.7 17.9 622 18.9 16.7 0.0
Middle 5 41.7 0.0 496 28.9 0.0 12 50.0 41.1 1,774 54.0 49.8 0.0
Upper 3 25.0 0.0 635 37.0 0.0 8 33.3 25.0 893 27.2 23.0 0.0
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 16.1 0 0.0 10.5 0.0
Total 12 100.0 0.0 1,715 100.0 0.0 24 100.0 100.0 3,288 100.0 100.0 0.0
Refinance Loans
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Moderate 1 10.0 0.0 75 5.1 0.0 7 28.0 46.2 1,487 19.0 41.8 0.0
Middle 8 80.0 0.0 1,188 80.6 0.0 9 36.0 38.5 2,846 36.3 42.1 0.0
Upper 1 10.0 0.0 212 14.4 0.0 9 36.0 15.4 3,503 44.7 16.1 0.0
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0
Total 10 100.0 0.0 1,475 100.0 0.0 25 100.0 100.0 7,835 100.0 100.0 0.0
Home Improvement Loans
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Middle 4 66.7 0.0 1,313 67.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Upper 2 33.3 0.0 648 33.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0
Total 6 100.0 0.0 1,960 100.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Multifamily Loans
Multi-family
Units %
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0
Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Total Home Mortgage Loans
Owner Occupied
Units %
Low 1 3.6 0.0 64 1.2 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Moderate 4 14.3 100.0 596 11.6 100.0 11 22.4 23.2 2,108 19.0 23.0 0.0
Middle 17 60.7 0.0 2,998 58.2 0.0 21 42.9 40.6 4,620 41.5 47.9 0.0
Upper 6 21.4 0.0 1,495 29.0 0.0 17 34.7 23.2 4,396 39.5 21.3 0.0
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 13.0 0 0.0 7.9 0.0
Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0
Total 28 100.0 100.0 5,152 100.0 100.0 49 100.0 100.0 11,123 100.0 100.0 0.0
Source: 2020 FFIEC Census Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
107
Distribution of 2019 and 2020 Home Mortgage Lending By Income Level of Geography
Assessment Area: USVI
Geographic
Income Level
Bank And Aggregate Loans By Year
Owner
Occupied Units
%
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #%
$(000)
$% $% # #% #%
$(000)
$% $%
Other Purpose LOC
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Other Purpose Closed/Exempt
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Purpose Not Applicable
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Moderate 0 0.0 100.0 0 0.0 100.0 0 0.0 0.0 0 0.0 0.0 0.0
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Total
0
0.0
100.0
0
0.0
100.0
0
0.0
0.0
0
0.0
0.0
0.0
Source: 2020 FFIEC Census Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
108
Distribution of 2019 and 2020 Home Mortgage Lending By Borrower Income Level
Assessment Area: USVI
Borrower
Income Level
Bank And Aggregate Loans By Year
Families by
Family Income %
2019 2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
Home Purchase Loans
Low 1 8.3 0.0 81 4.7 0.0 1 4.2 0.0 30 0.9 0.0 0.0
Moderate 3 25.0 0.0 219 12.8 0.0 1 4.2 3.6 80 2.4 1.5 0.0
Middle 3 25.0 0.0 565 32.9 0.0 6 25.0 5.4 623 18.9 3.3 0.0
Upper 5 41.7 0.0 851 49.6 0.0 16 66.7 91.1 2,556 77.7 95.2 0.0
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Total 12 100.0 0.0 1,715 100.0 0.0 24 100.0 100.0 3,288 100.0 100.0 0.0
Refinance Loans
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Moderate 2 20.0 0.0 190 12.9 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Middle 3 30.0 0.0 345 23.4 0.0 4 16.0 15.4 806 10.3 12.4 0.0
Upper 5 50.0 0.0 940 63.7 0.0 21 84.0 84.6 7,029 89.7 87.6 0.0
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Total 10 100.0 0.0 1,475 100.0 0.0 25 100.0 100.0 7,835 100.0 100.0 0.0
Home Improvement Loans
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Upper 6 100.0 0.0 1,961 100.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Total 6 100.0 0.0 1,960 100.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Total Home Mortgage Loans
Low 1 3.6 0.0 81 1.6 0.0 1 2.0 0.0 30 0.3 0.0 0.0
Moderate 5 17.9 0.0 409 7.9 0.0 1 2.0 2.9 80 0.7 1.1 0.0
Middle 6 21.4 0.0 910 17.7 0.0 10 20.4 7.2 1,429 12.8 5.6 0.0
Upper 16 57.1 0.0 3,752 72.8 0.0 37 75.5 89.9 9,585 86.2 93.3 0.0
Unknown 0 0.0 100.0 0 0.0 100.0 0 0.0 0.0 0 0.0 0.0 0.0
Total 28 100.0 100.0 5,152 100.0 100.0 49 100.0 100.0 11,123 100.0 100.0 0.0
Source: 2020 FFIEC Census Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Multifamily loans are not included in the borrower distribution analysis.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
109
Distribution of 2019 and 2020 Home Mortgage Lending By Borrower Income Level
Assessment Area: USVI
Borrower
Income Level
Bank And Aggregate Loans By Year
Families by
Family Income
%
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #%
$(000)
$% $% # #% #%
$(000)
$% $%
Other Purpose LOC
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Other Purpose Closed/Exempt
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Purpose Not Applicable
Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0
Unknown 0 0.0 100.0 0 0.0 100.0 0 0.0 0.0 0 0.0 0.0 0.0
Total 0 0.0 100.0 0 0.0 100.0 0 0.0 0.0 0 0.0 0.0 0.0
Source: 2020 FFIEC Census Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Distribution of 2019 and 2020 Small Business Lending By Income Level of Geography
Assessment Area: USVI
Geographic
Income
Level
Bank And Aggregate Loans By Year
Total
Businesses
%
2019 2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
Low
0
0.0
0.0
0
0.0
0.0
1
0.1
0.2
2
0.0
0.3
0.1
Moderate
31
48.4
16.5
3,863
40.6
27.5
226
32.3
27.4
11,816
38.8
35.0
54.5
Middle
23
35.9
17.2
4,510
47.4
42.4
352
50.3
41.7
14,248
46.7
46.4
32.6
Upper
10
15.6
4.0
1,142
12.0
5.0
121
17.3
11.6
4,424
14.5
12.3
12.9
Unknown
0
0.0
62.3
0
0.0
25.0
0
0.0
19.0
0
0.0
6.0
0.0
Total
64
100.0
100.0
9,515
100.0
100.0
700
100.0
100.0
30,490
100.0
100.0
100.0
Source: 2020 FFIEC Census Data
2020 Dun & Bradstreet Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
110
Distribution of 2019 and 2020 Small Business Lending By Revenue Size of Businesses
Assessment Area: USVI
Bank And Aggregate Loans By Year
Total
Businesses
%
2019 2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
By Revenue
$1
Million
or Less
37 57.8 38.0 3,341 35.1 29.3 79 11.3 15.0 4,774 15.7 9.0 87.9
Over $1
Million
24 37.5
4,734
49.8
59
8.4
10,390
34.1
10.5
Revenue
Unknown
3 4.7
1,440
15.1
562
80.3
15,326
50.3
1.6
Total
64
100.0
9,515
100.0
700
100.0
30,490
100.0
100.0
By Loan Size
$100,000
or Less
42 65.6 94.2 2,130 22.4 41.0 631 90.1 89.2 12,053 39.5 39.1
$100,001 -
$250,000
9 14.1 2.9 1,577 16.6 15.6 46 6.6 7.5 7,653 25.1 26.7
$250,001 -
$1
Million
13 20.3 2.8 5,808 61.0 43.5 23 3.3 3.3 10,784 35.4 34.3
Total
64
100.0
100.0
9,515
100.0
100.0
700
100.0
100.0
30,490
100.0
100.0
By Loan Size and Revenues $1 Million or Less
$100,000
or Less
28 75.7
1,222
36.6
70
88.6
2,346
49.1
$100,001 -
$250,000
5 13.5
715
21.4
5
6.3
822
17.2
$250,001 -
$1
Million
4 10.8
1,404 42.0
4
5.1
1,606 33.6
Total
37
100.0
3,341
100.0
79
100.0
4,774
100.0
Source: 2020 FFIEC Census Data
2020 Dun & Bradstreet Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Distribution of 2019 and 2020 Small Farm Lending By Income Level of Geography
Assessment Area: USVI
Geographic
Income
Level
Bank And Aggregate Loans By Year
Total
Farms
%
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
#
#%
#%
$(000)
$%
$%
#
#%
#%
$(000)
$%
$%
Low
0
0.0
0.0
0
0.0
0.0
0
0.0
0.0
0
0.0
0.0
5.6
Moderate
0
0.0
0.0
0
0.0
0.0
3
25.0
25.0
41
22.0
22.0
50.0
Middle
0
0.0
0.0
0
0.0
0.0
4
33.3
33.3
73
39.2
39.2
22.2
Upper
0
0.0
0.0
0
0.0
0.0
5
41.7
41.7
72
38.7
38.7
22.2
Unknown
0
0.0
0.0
0
0.0
0.0
0
0.0
0.0
0
0.0
0.0
0.0
Total
0
0.0
0.0
0
0.0
0.0
12
100.0
100.0
186
100.0
100.0
100.0
Source: 2020 FFIEC Census Data
2020 Dun & Bradstreet Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
111
Distribution of 2019 and 2020 Small Farm Lending By Revenue Size of Farms
Assessment Area: USVI
Bank And Aggregate Loans By Year
Total
Farms
%
2019
2020
Bank
Agg
Bank
Agg
Bank
Agg
Bank
Agg
# #% #% $(000) $% $% # #% #% $(000) $% $%
By Revenue
$1
Million
or Less
0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 100.0
Over $1
Million
0
0.0
0
0.0
1
8.3
33
17.7
0.0
Revenue
Unknown
0
0.0
0
0.0
11
91.7
153
82.3
0.0
Total 0 0.0
0 0.0
12 100.0
186 100.0
100.0
By Loan Size
$100,000
or Less
0
0.0 0.0 0 0.0 0.0 12 100.0 100.0 186 100.0 100.0
$100,001 -
$250,000
0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0
$250,001 -
$500,000
0
0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0
Total 0 0.0 0.0 0 0.0 0.0 12 100.0 100.0 186 100.0 100.0
By Loan Size and Revenues $1 Million or Less
$100,000
or Less
0
0.0
0
0.0
0
0.0
0
0.0
$100,001 -
$250,000
0
0.0
0
0.0
0
0.0
0
0.0
$250,001 -
$500,000
0
0.0
0 0.0
0
0.0
0 0.0
Total 0 0.0
0 0.0
0 0.0
0 0.0
Source: 2020 FFIEC Census Data
2020 Dun & Bradstreet Data
2011-2015 U.S. Census Bureau: American Community Survey
Note: Percentages may not total 100.0 percent due to rounding.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
112
APPENDIX B
SCOPE OF EXAMINATION TABLE
SCOPE OF EXAMINATION
TIME PERIOD REVIEWED
Lending: January 1, 2019 – December 31, 2020
Community Development Activity: July 1, 2019 through March 31, 2022
FINANCIAL
INSTITUTION
Banco Popular de Puerto
Rico
209 Munoz Rivera Avenue
San Juan, PR
PRODUCTS REVIEWED
Home Purchase
Refinancing
Home Improvement
Small Business
Small Farm
AFFILIATE(S)
AFFILIATE
RELATIONSHIP
PRODUCTS REVIEWED
Popular Mortgage Inc.
Bank Subsidiary
• Mortgage Originations
Popular Auto, Inc.
Bank Subsidiary
LIST OF ASSESSMENT AREAS AND TYPE OF EXAMINATION
ASSESSMENT AREA
TYPE OF
EXAMINATION
BRANCHES
VISITED
OTHER
INFORMATION
PUERTO RICO
MSA 41980 (San Juan-Bayamón-Caguas, PR)
MSA 10380 (Aguadilla-Isabela, PR)
MSA 38660 (Ponce, PR)
MSA 11640 (Arecibo, PR)
MSA 25020 (Guayama, PR)
MSA 32420 (Mayagüez, PR)
MSA 41900 (San Germán, PR)
MSA 49500 (Yauco, PR)
Non-Metropolitan Area
Full-scope Review
Full-scope Review
Full-scope Review
Limited-scope Review
Limited-scope Review
Limited-scope Review
Limited-scope Review
Limited-scope Review
Limited-scope Review
None
None
U.S. VIRGIN ISLANDS
Non-metro Islands of St. Thomas, St. Croix,
and St. John
Full-scope Review
None
None
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
113
APPENDIX C
SUMMARY OF ASSESSMENT AREA RATINGS
STATE
LENDING
TEST RATING
INVESTMENT
TEST RATING
SERVICE
TEST RATING
OVERALL
RATING
Puerto Rico High Satisfactory High Satisfactory High Satisfactory Satisfactory
U.S. Virgin Islands Low Satisfactory High Satisfactory High Satisfactory Satisfactory
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
114
APPENDIX D
ASSESSMENT AREA MAP
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
115
APPENDIX E
GLOSSARY
Aggregate lending: The number of loans originated and purchased by all reporting lenders in specified
income categories as a percentage of the aggregate number of loans originated and purchased by all
reporting lenders in the metropolitan area/assessment area.
Census tract: A small, relatively permanent statistical subdivision of a county or statistically equivalent
entity delineated for data presentation purposes by a local group of census data users or the geographic staff
of a regional census center in accordance with Census Bureau guidelines. Designed to be relatively
homogeneous units with respect to population characteristics, economic status, and living conditions at the
time they are established, census tracts generally contain between 1,000 and 8,000 people, with an optimum
size of 4,000 people. Census tract boundaries are delineated with the intention of being stable over many
decades, so they generally follow relatively permanent visible features. However, they may follow
governmental unit boundaries and other invisible features in some instances; the boundary of a state or
county (or statistically equivalent entity) is always a census tract boundary.
Community development: Affordable housing (including multifamily rental housing) for low- or
moderate-income individuals; community services targeted to low- or moderate-income individuals;
activities that promote economic development by financing businesses or farms that meet the size eligibility
standards of the Small Business Administration's Development Company or Small Business Investment
Company programs (13 CFR 121.301) or have gross annual revenues of $1 million or less; or, activities
that revitalize or stabilize low- or moderate-income geographies.
Effective September 1, 2005, the Board of Governors of the Federal Reserve System, Office of the
Comptroller of the Currency, and the Federal Deposit Insurance Corporation have adopted the following
additional language as part of the revitalize or stabilize definition of community development. Activities
that revitalize or stabilize-
1. Low-or moderate-income geographies;
2. Designated disaster areas; or
3. Distressed or underserved nonmetropolitan middle-income geographies designated by the Board,
Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency, based on-
a. Rates of poverty, unemployment, and population loss; or
b. Population size, density, and dispersion. Activities that revitalize and stabilize geographies
designated based on population size, density, and dispersion if they help to meet essential
community needs, including needs of low- and moderate-income individuals.
Consumer loan(s): A loan(s) to one or more individuals for household, family, or other personal
expenditures. A consumer loan does not include a home mortgage, small business, or small farm loan. This
definition includes the following categories: motor vehicle loans, credit card loans, home equity loans, other
secured consumer loans, and other unsecured consumer loans.
Distressed or Underserved Non-Metropolitan Middle-Income Area: A middle-income,
nonmetropolitan geography that is distressed due to economic factors, such as unemployment levels,
poverty, or population loss, or is underserved based on population size, density and dispersion.
Family: A family is a group of two or more people related by birth, marriage, or adoption and residing
together; all such people (including related subfamily members) are considered as members of one family.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
116
Full Review: Performance under the Lending, Investment, and Service Tests is analyzed considering
performance context, quantitative factors (for example, geographic distribution, borrower distribution, and
total number and dollar amount of investments), and qualitative factors (for example, innovativeness,
complexity, and responsiveness).
Geography: A census tract delineated by the United States Bureau of the Census in the most recent
decennial census.
Home Mortgage Disclosure Act (HMDA): The statute that requires certain mortgage lenders that do
business or have banking offices in a metropolitan statistical area to file annual summary reports of their
mortgage lending activity. The reports include such data as the race, gender, and income of applicants, the
amount of loan requested, and the disposition of the application (e.g., approved, denied, and withdrawn).
Home mortgage loans: Includes home purchase and home improvement loans as defined in the HMDA
regulation. This definition also includes multifamily (five or more families) dwelling loans, loans for the
purchase of manufactured homes, and loans to refinance home improvement and home purchase loans.
Household: A household consists of all the people who occupy a housing unit. A household includes the
related family members and all the unrelated people, if any, such as lodgers, foster children, wards, or
employees who share the housing unit. A person living alone in a housing unit, or a group of unrelated
people sharing a housing unit such as partners or roomers, is also counted as a household. The count of
households excludes group quarters.
Limited-scope review: Performance is analyzed using only quantitative factors.
Low-income: Individual income that is less than 50 percent of the area median income, or a median family
income that is less than 50 percent, in the case of a geography.
Market share: The number of loans originated and purchased by the institution as a percentage of the
aggregate number of loans originated and purchased by all reporting lenders in the metropolitan
area/assessment area.
Metropolitan area (MA): A metropolitan statistical area (MSA) or a metropolitan division (MD) as
defined by the Office of Management and Budget. A MSA is a core area containing at least one urbanized
area of 50,000 or more inhabitants, together with adjacent communities having a high degree of economic
and social integration with that core. A MD is a division of a MSA based on specific criteria including
commuting patterns. Only a MSA that has a population of at least 2.5 million may be divided into MDs.
Middle-income: Individual income that is at least 80 percent and less than 120 percent of the area median
income, or a median family income that is at least 80 percent and less than 120 percent, in the case of a
geography.
Moderate-income: Individual income that is at least 50 percent and less than 80 percent of the area median
income, or a median family income that is at least 50 percent and less than 80 percent, in the case of a
geography.
Multifamily: Refers to a residential structure that contains five or more units.
Other products: Includes any unreported optional category of loans for which the institution collects and
maintains data for consideration during the CRA evaluation. Examples of such activity include consumer
loans and other loan data an institution may provide concerning its lending performance.
Banco Popular de Puerto Rico CRA Public Evaluation
San Juan, PR June 21, 2022
117
Owner-occupied units: Includes units occupied by the owner or co-owner, even if the unit has not been
fully paid for or is mortgaged.
Qualified investment: A qualified investment is defined as any lawful investment, deposit, membership
share, or grant that has as its primary purpose community development.
Rated area: A rated area is a state or multistate metropolitan area. For an institution with domestic branches
in only one state, the institution's CRA rating would be the state rating. If an institution maintains domestic
branches in more than one state, the institution will receive a rating for each state in which those branches
are located. If an institution maintains domestic branches in two or more states within a multistate
metropolitan area, the institution will receive a rating for the multistate metropolitan area.
Small loan(s) to business(es): A loan included in 'loan to small businesses' as defined in the Consolidated
Report of Condition and Income (Call Report) and the Thrift Financial Reporting (TFR) instructions. These
loans have original amounts of $1 million or less and typically are either secured by nonfarm or
nonresidential real estate or are classified as commercial and industrial loans. However, thrift institutions
may also exercise the option to report loans secured by nonfarm residential real estate as 'small business
loans' if the loans are reported on the TFR as nonmortgage, commercial loans.
Small loan(s) to farm(s): A loan included in 'loans to small farms' as defined in the instructions for
preparation of the Consolidated Report of Condition and Income (Call Report). These loans have original
amounts of $500,000 or less and are either secured by farmland or are classified as loans to finance
agricultural production and other loans to farmers.
Upper-income: Individual income that is more than 120 percent of the area median income, or a median
family income that is more than 120 percent, in the case of a geography.
Branches / Stand-alone ATMs
BRANCH # BRANCH NAME TYPE FULL SERVICE ATM's CASH ONLY ATM's # OF ATMS DRIVE- THRU MORTGAGE PRODUCTION OFFICE ADDRESS COUNTY NAME STATE ZIP ST MSA COUNTY CODE TRACT LMI Monday-Thursday Friday Sat urday Sunday Holidays
Shopping
Center
13 CAROLINA HIGHWAY
FULL SERVICE BRANCH 2 2
√
AVE 65 INFANTERIA ESQ CALLE IGNACIO ARZUAGA KM 10 HM 3 CARO LINA
PR 00985
72 41980 031 0506.00 MI 8:00am - 4:00pm 8:00am - 4:00pm
√
347 ALTAMIRA CENTER FULL SERVICE BRANCH 2 2
√ √ EDIFICIO ALTAMIRA, AVE MARTINEZ NADAL ESQ JESUS T. PIÑERO
SAN JUAN PR
00927 72 41980 127 0079.00 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
39 BARBOSA FULL SERVICE BRANCH 1 1
2
618 AVE BARBOSA ESQ MAYAGUEZ SAN JUAN PR 00917 72 41980
127 0061.01
L 8:00am - 4:00pm
23 BARRIO OBRERO FULL SERVICE BRANCH 2
2 2250 AVE BORINQUEN, BO OBRERO SAN JUAN PR 00915 72
41980
127 0036.00
MO 8:00am - 4:00pm
8:00am - 4:00pm
8:00am - 12:00pm
15 CALLE LOIZA FULL SERVICE BRANCH
2 2 1812 CALLE LOIZA SAN JUAN PR
00911 72 41980 127 0015.00 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
272 CAPARRA CENTER FULL SERVICE BRANCH 1 1
√
1451 AVE FD ROOSEVELT SAN JUAN PR 00920 72 41980 127 0071.00 MI 8:00am - 4:00pm 8:00am - 4:00pm
25 BUCHANAN FULL SERVICE BRANCH 1
1
EDIFICIO 501, SOUTH HEALTH CLINIC, FORT BUCHANAN GUAYNABO PR 00934 72 41980
061 0402.00
U
8:00am - 4:00pm 8:00am - 4:00pm
217 CENTRO COMERCIAL AVE. 65TH INF FULL SERVICE BRANCH 2 2
√
65TH INFANTERIA SHOPPING CENTER SAN JUAN PR 00923 72 41980 127 0091.21 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
249 CENTRO MEDICO FULL SERVICE BRANCH 1 1 2
HOSPITAL CENTRO MEDICO, AVE AMERICO MIRANDA, BO MONACILLO SAN JUAN PR 00926
72 41980 127 0084.00
U 7:30am - 3:30pm
36 TRUJILLO ALTO PUEBLO
FULL SERVICE BRANCH 1 1
√
3 CALLE MUÑOZ RIVERA
TRUJILLO ALTO PR 00976 72 41980 139 0602.23 MI 8:00am - 4:00pm 8:00am - 4:00pm
40 PARQUE ESCORIAL FULL SERVICE BRANCH 4 4
√
CENTRO COMERCIAL PARQUE ESCORIAL, AVE 65TH INF KM 5 HM 0 CAROLINA PR 00985
72 41980 031
0504.01 U 8:00am - 4:00pm
8:00am - 4:00pm 8:00am - 12:00pm
√
41 LAS CATALINAS MALL
FULL SERVICE BRANCH 3 3
√
LAS CATALINAS MALL, BO BAIROA CARR 156 KM 0.2
CAGUAS PR 00725 72 41980 025 2010.00 L 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm 9:00am - 1:00pm
√
42 SAN LORENZO FULL SERVICE BRANCH 3 3
√
CARR 183 KM 10 HM 3, BO HATO SAN LORENZO PR 00754 72 41980 129 2203.00 MO 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
43 CIDRA FULL SERVICE BRANCH 2 2
√ √
CALLE BARCELO 60 ESQ JAIME BONET CIDRA PR
00739 72 41980 041 2403.00 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
44 GU RABO FULL SERVICE BRANCH 1 1
√
250-E CALLE ANDRES ARUZ RIVERA GURABO PR 00778 72 41980 063 2105.03 U 8:00am - 4:00pm 8:00am - 4:00pm
45 AGUAS BUENAS FULL SERVICE BRANCH 1 1
20 CALLE MUÑOZ RIVERA
AGUAS BUENAS PR 00703 72 41980 007 2303.00 L
8:00am - 4:00pm 8:00am - 4:00pm
46 SAN ALFONSO FULL SERVICE BRANCH 1 1 2
√
PLAZA SAN ALFONSO, CARR 1 AVE FEDERICO DEGETAU ESQ GAUTIER BENITEZ CAGUAS PR 00725 72 41980 025 2015.00 MI 8:00am - 4:00pm 8:00am - 4:00pm
√
47 CAYEY MONTELLANO FULL SERVICE BRANCH 3 3
√ √
CARR 1 KM 56 HM 6, BO MONTELLANO CAYEY PR 00736 72 41980 035 2608.00
MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
48 CONDADITO CAGUAS FULL SERVICE BRANCH 1 1
√
14 CALLE AMAPOLA, URB CONDADO MODERNO CAGUAS PR 00725 72 41980 025 2006.00 MI 8:00am - 4:00pm 8:00am - 4:00pm
50 LOMAS VERDES FULL SERVICE BRANCH 2 2
√
1A-100 AVE LOMAS VERDES SUR, ROYAL PALM BAYAMON PR 00956 72 41980 021 0316.11 U 8:00am - 4:00pm
8:00am - 4:00pm
52 BAYAMON CENTER
FULL SERVICE BRANCH 4 4
√
√
URB FLAMBOYAN GARDENS, 300 AVE DR RAMON L. RODRIGUEZ BAYAMON PR
00959 72 41980 021 0315.01 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
53 COMERIO FULL SERVICE BRANCH 2 2 57 CALLE GEORGETTI COMERIO PR 00782 72 41980 045 9519.00 L 8:00am - 4:00pm 8:00am - 4:00pm
54 COROZAL FULL SERVICE BRANCH 3 3
CARR 159 KM 15 HM 1 COROZAL PR 00783 72 41980 047
5303.00 MO 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
57 VEGA ALTA FULL SERVICE BRANCH 2 2
√
CENTRO GRAN CARIBE MALL, CARR 2 KM 29 HM 7 VEGA ALTA PR 00692 72 41980 143 5504.00 MO 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm 8:00am - 12:00pm
59 TOA ALTA FULL SERVICE BRANCH 2 1 3
√
CARR 165 KM 11 HM 5 TOA ALTA PR 00953 72 41980 135 5103.00 MI
8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
61 MANATI FULL SERVICE BRANCH 4 4
√
MONTE REAL SHOPPING CENTER, CARR 2 KM 45 HM 6 MANATI PR 00674 72 41980 091 5703.00 L 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
62 VEGA BAJA FULL SERVICE BRANCH 2 2
√
MARGINAL CARR 2 KM 38 HM 2 VEGA BAJA PR 00693 72 41980 145 5605.00 MO
8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
63 CIALES FULL SERVICE BRANCH 1 1 46-A CALLE PALMER CIALES
PR 00638 72 41980 039 9557.00 MO 8:00am - 4:00pm 8:00am - 4:00pm
64 MOROVIS FULL SERVICE BRANCH 2 2
√
CARR 155 INT CARR 6623, BO MOROVIS SUR MOROVIS PR 00687 72 41980 101 9555.00 MO 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
65 BARCELONETA PRIME OUTLET FULL SERVICE BRANCH 1 1
2
√
CARR 2 KM 54 HM 8 INT CARR. 140 BARCELONETA PR 00617
72 41980 017 5903.00 MO 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm 9:00am - 1:00pm
√
66 UTUADO FULL SERVICE BRANCH 2 2 93 CALLE DR. CUETO UTUADO PR 00641 72 99999 141 9575.00 MO 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
68 HATILLO FULL SERVICE BRANCH 3 3
√
CARR 2 KM 86 HM 6, BO PUEBLO HATILLO PR 00659 72 11640 065
3102.00 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
69 CAMUY FULL SERVICE BRANCH 1 1 2
√ AVE MUÑOZ RIVERA 160 OESTE
CAMUY PR 00627 72 11640 027 3201.00 MO 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
70 CRUCE DAVILA FULL SERVICE BRANCH 2 2
√
CARR 2 KM 57 HM 3, BO CRUCE DAVILA BARCELONETA PR 00617 72 41980 017 5903.00
MO 8:00am - 4:00pm 8:00am - 4:00pm
71 PONCE PLAZA FULL SERVICE BRANCH 1 1 PLAZA DEGETAU ESQ CALLE COMERCIO, EDIF PONCE PLAZA PONCE
PR 00731 72 38660 113 0712.00 MI 8:00am - 4:00pm 8:00am - 4:00pm
72 COAMO FULL SERVICE BRANCH 1 1 7 CALLE MARIO BRASCHI (BAJOS) COAMO PR 00769 72 99999 043 9541.00 MO 8:00am - 4:00pm 8:00am - 4:00pm
75 FLORIDA
FULL SERVICE BRANCH 1 1
225 CALLE MUÑOZ RIVERA
FLORIDA
PR 00650 72 41980 054 5802.00 MO 8:00am - 3:00pm 8:00am - 3:00pm
76 OROCOVIS FULL SERVICE BRANCH 2 2
√
CARR 155, KM 24 HM 5 OROCOVIS PR 00720 72 41980 107 9551.00 MO 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
77 YAUCO PLAZA FULL SERVICE BRANCH 2 2
√
YAUCO PLAZA SHOPPING CENTER II, CARR 128 INT CARR 2, CARR 663 YAUCO PR 00698 72 38660 153
7504.00 MO 8:00am - 4:00pm 8:00am - 4:00pm 8:00 am - 12:00 pm
√
78 GUAYAMA MALL FULL SERVICE BRANCH 3 3
√
CARR 3 KM 134 HM 9, AVE LOS VETERANOS GU AYAMA PR 00784 72 25020 057 2703.00 U 8:00 am - 4:00pm 8:00 am - 4:00 pm 8:00 am - 12:00pm
√
79 SAN SEBASTIAN FULL SERVICE BRANCH 3 3
√
CARR 111 INT 446 KM 18 HM 0, BO GUATEMALA SAN SEBASTIAN PR 00685 72 10380 131 9589.00 MO
8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
82 RAMEY FULL SERVICE BRANCH 2 2
√
WEST PARADE 17, ANTIGUA BASE RAMEY AGUADILLA PR 00604 72 10380 005 4003.00 U 8:00am - 4:00pm 8:00am - 4:00pm
8:00am - 12:00pm
83 ISABELA FULL SERVICE BRANCH 5 5
√
PLAZOLETA DE ISABELA, CARR 4494 ESTE KM 1 INT 2, BO MORA ISABELA PR 00662 72 10380 071 4105.00 U
8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pn
84 QUEBRAD ILLAS FULL SERVICE BRANCH 1 1 108 CALLE HONORIO HERNANDEZ QUEBRADILLAS
PR 00678 72 11640 115 3302.00 L 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
85 MOCA FULL SERVICE BRANCH 2 2
√
108 CALLE JOSE CALAZAN LASALLE MOCA PR 00676 72 10380 099 4202.00 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
86 AGUADA FULL SERVICE BRANCH 2 2
√
AVE NATIVO ALERS DESVIO SUR AGUADA PR
00602 72 10380 003 4306.02 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
87 RINCON FULL SERVICE BRANCH 1 1 2
√
CARR 115 KM 12 HM 4 CALLE ALBIZUS CAMPOS, BO PUEBLO RINCON PR 00677 72 10380 117 9595.00 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
88 MAYAGUEZ SUAU FULL SERVICE BRANCH 2 2
√
1 CALLE SUAU MAYAGUEZ PR 00680 72 32420 097 0806.00
L 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
89
PLAZA DEL OESTE
FULL SERVICE BRANCH 2 2
√ PLAZA DEL OESTE SHOPPING CENTER, CARR 2, AVE CASTO PÉREZ
SAN GERMAN PR 00683 72 32420 125 8405.00 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
367 CONDADO CENTRO FULL SERVICE BRANCH 2 2 AVE ASHFORD 1358 SAN JUAN PR 00907 72 41980 127 0010.00
U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
107 AEROPUERTO FULL SERVICE BRANCH 1 1 2
AEROPUERTO LUIS MUÑOZ MARIN, PRIMER PISO, TERMINAL B
CAROLINA
PR 00979 72 41980 031 9800.03 N/A 8:00am - 4:00pm 8:00am - 4:00pm
203
CONDADO GALLERY
FULL SERVICE BRANCH 3 3
√ √
100 AVE ROBERTO H TODD CONDADO GALLERY SAN JUAN PR 00907 72 41980 127 0009.00 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
111 FAJARDO
FULL SERVICE BRANCH 2 2
√
AVE GARRIDO MORALES ESQ CARR 3 FAJARDO PR
00738 72 41980 053 1503.02 MO 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
112 VIEQUES FULL SERVICE BRANCH 2 2
115 CALLE MUÑOZ RIVERA
VIEQUES PR 00765 72 99999 147 9506.00 MI 8:00am - 4:00pm 8:00am - 4:00pm
115 SANTA ROSA FULL SERVICE BRANCH 2 1
3 SANTA ROSA SHOPPING, CARR 2 BAYAMON PR 00959 72 41980
021 0303.00 U 8:00am - 4:00pm
8:00am - 4:00pm 8:00am - 12:00pm
√
121 PLAZA DEL CARIBE FULL SERVICE BRANCH 3 3 2050 PONCE BYPASS, PLAZA DEL CARIBE, SEGUNDO NIVEL SUITE 420 PONCE PR 00731 72 38660 113 0721.01 MI 9:00am - 4:00pm 9:00am - 4:00pm 9:00 am - 1:00 pm 9:00 am - 1:00 pm
√
123 GUAYANILLA FULL SERVICE BRANCH 1 1
38-40 CALLE MUÑOZ RIVERA
GUAYANILLA PR 00656 72 38660 059 7403.00 MI
8:00am - 4:00pm 8:00am - 4:00pm
124
PEÑUELAS
FULL SERVICE BRANCH 1 1
318 CALLE MUÑOZ RIVERA PEÑUELAS
PR 00624 72 38660 111 7304.00 MI 8:00am - 4:00pm 8:00am - 4:00pm
125 SANTA ISABEL FULL SERVICE BRANCH 3 3
√
BARRIO FELICIA II, CARR 153 INT 542 KM 57 HM 7 SANTA ISABEL PR 00757 72 99999 133 9536.00 U 8:00am - 4:00pm
8:00am - 4:00pm 8:00am - 12:00pm
127 VILLALBA FULL SERVICE BRANCH 1 1
69 CALLE MUÑOZ RIVERA
VILLALBA
PR 00766 72 38660 149 7204.00 MI 8:00am - 4:00pm 8:00am - 4:00pm
128 CEIBA FULL SERVICE BRANCH 1 1
248 AVE LAURO PIÑERO
CEIBA PR 00735 72 41980 037 1602.02 MI 8:00am - 4:00pm 8:00am - 4:00pm
129 LUQ UILLO FULL SERVICE BRANCH 3 3
√
CALLE B ESQ CARR 193, CONDOMINIO PLAYA AZUL LUQUILLO PR 00773 72 41980 089 1402.01 L 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
131 SAN PATRICIO GALLERY FULL SERVICE BRANCH 3 3
√
AVE SAN PATRICIO ESQ CALLE GONZALEZ GIUSTI B9-10 GUAYNABO PR 00968 72 41980 061 0403.02 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
132 CAMPO RICO FULL SERVICE BRANCH 3 3
√ √
AVE ROBERTO SANCHEZ VILELLA ESQ EXPRESO LOIZA CAROLINA PR 00982 72 41980 031 0503.11 MI
8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
134 PONCE RAMBLA FULL SERVICE BRANCH 2 2
√
AVE TITO CASTRO, CARR 14, LA RAMBLA SHOPPING CENTER PONCE PR 00731 72 38660 113 0705.02 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
136 PATILLAS FULL SERVICE BRANCH 1 1 2
33 CALLE MUÑOZ RIVERA ESQ CALLE IGLESIAS
PATILLAS PR 00723 72 25020 109 2902.00
MI 8:00am - 4:00pm 8:00am - 4:00pm
138 SAN PATRICIO MALL FULL SERVICE BRANCH 3 3 CENTRO COMERCIAL SAN PATRICIO MALL, CALLE ORTEGON PRIMER NIVEL GUAYNABO
PR 00968 72 41980 061 0403.02 U 9:00am - 4:00pm 9:00am - 4:00pm 9:00am - 1:00pm 9:00am - 1:00pm
√
141
AÑASCO
FULL SERVICE BRANCH 2 2
√
CARR 2 KM 143 HM 3, ESQ CARR 402
AÑASCO
PR 00610 72 10380 011 8106.00 MI 8:00am - 4:00pm
8:00am - 4:00pm 8:00am - 12:00pm
146 GARDENS HILLS - EXPRESO
FULL SERVICE BRANCH 1 1 CENTRO COMERCIAL GARDEN HILLS PLAZA, CARR 19 INT AVE RAMIREZ DE ARELLANO
GUAYNABO PR 00966
72 41980 061 0403.03 U 8:00am - 4:00pm 8:00am - 4:00pm
√
148 RECINTO UNIVERSITARIO MAYAGUEZ (RUM) FULL SERVICE BRANCH 2 2 CARR 2, CALLE POST 259 NORTE MAYAGUE Z PR 00680 72 32420 097 0801.00 MO 8:00am - 4:00pm 8:00am - 4:00pm
150 HUMACAO PALMA REAL FULL SERVICE BRANCH 2 2
√
TRIUMPH PLAZA LOTE 5 CARR 3 KM 83 HM 6, BO RIO ABAJO HUMACAO PR 00791
72 41980 069
1805.00 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
153 YAUCO PUEBLO FULL SERVICE BRANCH 1 1
CALLE BETANCES ESQUINA MATTEI LLUBERAS YAUCO
PR 00698 72 38660 153 7504.00
MO 8:00am - 4:00pm 8:00am - 4:00pm
156 LARES FULL SERVICE BRANCH 2 2
√
562 AVE LOS PATRIOTAS LARES PR 00669 72 99999
081
9580.00 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
157 ARECIBO AEROPUERTO FULL SERVICE BRANCH 1 1 2
√
CARR 2 KM 69 HM 8, BO SANTANA ARECIBO PR 00612 72 11640 013 3003.02 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
159 ADJUNTAS FULL SERVICE BRANCH 1 1 19-21 CALLE SAN JOAQUIN ADJUNTAS PR 00601 72 99999 001
9567.00 U 8:00am - 4:00pm 8:00am - 4:00pm
162 JAYUYA FULL SERVICE BRANCH 2 2 84 CALLE GUILLERMO ESTEVEZ JAYUYA PR 00664 72 99999 073 9561.00 MI 8:00am - 4:00pm 8:00am - 4:00pm
164 JUANA DIAZ FULL SERVICE BRANCH 1 4 CARR 149 KM 67 HM 1, BO AMUELAS JUANA DIAZ PR 00795 72 38660 075 7105.00 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
165 VALENCIA PARK FULL SERVICE BRANCH 2 2
√
NUEVO EDIF TLD (TELEFONICA LARGA DIST), CARR 165 LOTE 1 VALENCIA PARK GUAYNABO PR 00965 72 41980 061 0402.00 U 8:00am - 4:00pm 8:00am - 4:00pm
166 ARECIBO HIGHWAY FULL SERVICE BRANCH 2 2
√
CARR 2 KM 80 HM 4, PLAZA DEL ATLANTICO, BO SAN DANIEL ARECIBO PR 00612 72 11640 013 3010.00 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
170 LEVITTOWN FULL SERVICE BRANCH 2 2
√
AVE LOS DOMINICOS ESQ CALLE ROSA DE TEJAS, CENTRO COMERCIAL LOS DOMINICOS TOA BAJA PR 00949 72 41980 137 1207.00
U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
172 HORMIGUEROS FULL SERVICE BRANCH 1 1 2
√
PLAZA PEREGRINO, CARR 2 KM 164 HM 5, BO LAVADERO HORMIGUEROS PR 00660 72 32420 067 8201.00 MI
8:00am - 4:00pm 8:00am - 4:00pm
√
173 MAYAGUEZ MALL CENTRO FULL SERVICE BRANCH 2 2 CENTRO COMERCIAL MAYAGUEZ MALL, 975 AVE HOSTOS SUITE 290 MAYAGUEZ PR 00680 72 32420 097 0820.12 U 9:00am - 4:00pm 9:00am - 4:00pm 9:00am - 1:00pm 9:00am - 1:00pm
√
174 MARICAO FULL SERVICE BRANCH 1 1 BALDORIOTY 4 CALLE ZUZUAREGUI MARICAO PR 00606 72 99999
093 9602.00 MI 8:00am - 1:00pm 8:00am - 1:00pm
175 LAS MARIAS FULL SERVICE BRANCH 1 1 85 CALLE MATIAS BRUGMAN ESQ CARR 119 KM 49 HM 3 LAS MARIAS PR 00670 72 99999 083 9598.00 MI 8:00am - 3:00pm 8:00am - 3:00pm
178 AGUADILLA SUR FULL SERVICE BRANCH 1 1 2
√
INSULAR CARR 2 KM 129 HM 2, BO VICTORIA AGUADILLA PR 00603 72 10380 005 4011.00 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
190 CHRISTIANSTED (ORANGE GROVE) FULL SERVICE BRANCH 1 1
√ √
3009 ORANGE GROVE - ORANGE GROVE SHOPPING CENTER ST CROIX VI 00820 78 99999 010 9703.00 MO 8:00am - 4:00pm 8:00am - 4:00pm
√
191 SUNNY ISLE FULL SERVICE BRANCH 2 2 SUNNY ISLE SHOPPING CENTER 4500 SION FARM ST CROIX VI 00820 78 99999 010 9705.00
MI 8:30am - 4:00pm 7:45am -4:00pm 9:00am - 1:00pm
√
193 MAIN OFFICE (ALTONA) FULL SERVICE BRANCH 3 3
√ √
193 ALTONA & WELGUNST CHARLOTTE AMALIE ST THOMAS VI
00802 78 99999 030 9610.00 MO 8:00am - 4:00pm 8:00am - 4:00pm 9:00am - 1:00pm
194 FORT MYLNER FULL SERVICE BRANCH 2 2
√
10A ESTATE CHARLOTTE AMALIE ST THOMAS VI 00802 78 99999 030 9602.00 MI 8:00am - 4:00pm 8:00am - 4:00pm 9:00am - 1:00pm
195 SUGAR ESTATE FULL SERVICE BRANCH 2 2
√
LOCKHART GARDENS SHOPPING CENTER 1-A ESTATE THOMAS ST THOMAS VI 00802 78 99999 030 9611.00 MO 8:30am - 4:00pm 8:00am - 4:00pm
√
196 RED HOOK FULL SERVICE BRANCH 1 1 RED HOOK QUARTER ESTATE SMITH BAY ST SHOPPING CENTER 1 2 & 3 ST THOMAS VI 00802 78 99999 030
9607.00 MI 8:30am - 4:00pm 8:00am - 4:00pm
√
197 SUNSHINE MALL FULL SERVICE BRANCH 2 2
√
SUNSHINE MALL FREDERIKSTED 1 ESTATE CANE, SUITE 201-203 ST CROIX VI 00820 78 99999 010 9713.00 MI 8:00am - 4:00pm 8:00am - 4:00pm
√
206 MAYAGUEZ MENDEZ VIGO FULL SERVICE BRANCH 1 1
√
15 CALLE MENDEZ VIGO MAYAGUEZ PR 00680 72 32420 097 0806.00 L 8:00am - 4:00pm 8:00am - 4:00pm
211 AIBONITO FULL SERVICE BRANCH 2 2
√
CARR 14 KM 51 HM 3, BO ROBLES AIBONITO PR 00705 72 41980 009 2505.00 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
212 BARRANQUITAS FULL SERVICE BRANCH 2 2
√
CARR 156 KM 7 HM 1, SAN CRISTOBAL MALL BARRANQUITAS PR 00794 72 41980 019 9525.00 MO 8:00am - 4:00pm 8:00am - 4:00pm
√
213 SALINAS FULL SERVICE BRANCH 1 1 2
1 CALLE MUÑOZ RIVERA
SALINAS PR 00751 72 99999 123 9531.00
MI 8:00am - 4:00pm 8:00am - 4:00pm
214 ARROYO FULL SERVICE BRANCH 1 1
√
CARR 753 ESQ CARR 3 ARROYO PR 00714 72 25020 015 2802.01 MI 8:00am - 4:00pm 8:00am - 4:00pm
215 EL MERCADO PLAZA FULL SERVICE BRANCH 2 2 EL MERCADO PLAZA,CARR 152 KM 14 HM 6, BO CEDRO ARRIBA NARANJITO PR 00719 72 41980 105
5205.00 MO 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
14 CUPEY CENTER FULL SERVICE BRANCH 1 1
√
CARR 176 KM 1 HM 2, CUPEY CENTER SAN JUAN PR 00926 72 41980 127
0100.22 U 8:00am - 4:00pm 8:00am - 4:00pm
220 CENTRO DEL SUR MALL FULL SERVICE BRANCH 2 2
√
CENTRO DE SUR MALL, 1497 AVE BOULEVARD MIGUEL POU PONCE PR 00731 72 38660 113 0719.00 MO 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
223 PLAZA CAROLINA FULL SERVICE BRANCH 4 4 EXP LOIZA SALIDA AVE FRAGOSO, CENTRO COMERCIAL PLAZA CAROLINA, RUTA 26 CAROLINA PR 00982 72 41980 031 0502.32 U 9:00am - 4:00pm 9:00am - 4:00pm 9:00am - 1:00pm 9:00 am - 1:00pm
√
227 ARECIBO SAN LUIS FULL SERVICE BRANCH 2 1 3
√
614 AVE SAN LUIS ARECIBO
PR
00612 72 11640 013
3013.00
L 8:00am - 4:00pm 8:00am - 4:00pm
8:00am - 12:00pm
233 HUMACAO ESTE FULL SERVICE BRANCH 3 3
√ √
CARR 3, TRIUMPH PLAZA LOTE #6 HUMACAO PR 00791 72 41980 069 1805.00 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm 9:00am-1:00pm
√
239 ISLA VERDE FULL SERVICE BRANCH 3 3
√
AVE BALDORIOTY DE CASTRO ESQ CALLE 6 CAROLINA PR 00979 72 41980 031 0501.03 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
240 BAYAMON OESTE FULL SERVICE BRANCH 2 2
√
CARR 2 KM 14 HM 8, BAYAMON OESTE SHOPPING CENTER BAYAMON PR 00961 72 41980 021 0310.32 U 8:00am - 4:00pm 8:00am - 4:00pm
√
243 PONCE TOWNE CENTER FULL SERVICE BRANCH 2 2
√
CALLE MARUCA LOCAL 3A, BO CANAS CARR 2 PONCE PR 00731 72 38660 113 0730.10 U 8:00am - 4:00pm 8:00am - 4:00pm
245 CENTRO COM. TRUJILLO ALTO FULL SERVICE BRANCH 3 3
√
CARR 181 KM 3 HM 5 TRUJILLO ALTO PR 00976 72 41980 139 0602.11 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
250 RIO HONDO FULL SERVICE BRANCH 3 3
√
RIO HONDO SHOPPING CENTER, COMERIO AVE BAYAMON PR 00957 72 41980 021 0310.31 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
255 MAYAGUEZ MALL SUR FULL SERVICE BRANCH 3 3
√
975 AVE HOSTOS SUITE 2000, MAYAGUEZ MALL MAYAGUEZ PR 00680 72 32420 097 0820.12 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
270 PLAZA GUAYNABO FULL SERVICE BRANCH 3 3
√
PLAZA GUAYNABO SHOPPING CENTER, EXPRESO MARTINEZ NADAL CARRETERA 20 GU AYNABO PR
00969 72 41980 061 0404.21 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
271 TOA BAJA FULL SERVICE BRANCH 1 1 2
√
CARR 2 KM 18 HM 6, BO CANDELARIA TOA BAJA PR 00949 72 41980 137 1220.02 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
274 PLAZA DORADA FULL SERVICE BRANCH 2 2
√
PLAZA DORADA, CARR 693 KM 8 HM 5, BARRIO HIGUILLAR AVE JOSE EFRON DORADO PR 00646 72 41980 051 5404.00 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
275 PONCE EL MONTE FULL SERVICE BRANCH 2 2
√
EL MONTE TOWN CENTER CARR 14 KM 6 HM 0 PONCE PR 00780 72 38660 113 0725.00 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
302 CULEBRA FULL SERVICE BRANCH 2 2 CALLE PEDRO MARQUEZ #9 CULEBRA PR 00775 72 99999 049 9505.00 U 8:00am - 4:00pm 8:00am - 4:00pm
305 HUMACAO PALMAS DEL MAR FULL SERVICE BRANCH 1 1 PALMANOVA PLAZA - PALMAS DEL MAR HUMACAO PR 00791 72 41980 069 1809.02 U 8:00am - 4:00pm 8:00am - 4:00pm
307 LAS PIEDRAS FULL SERVICE BRANCH 1 1 2
√
CARR 183 KM 21 HM 1 LAS PIEDRAS PR 00771 72 41980 085 1903.01 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
Branches / Stand-alone ATMs
BRANCH # BRANCH NAME TYPE FULL SERVICE ATM's CASH ONLY ATM's # OF ATMS DRIVE- THRU MORTGAGE PRODUCTION OFFICE ADDRESS COUNTY NAME STATE ZIP ST MSA COUNTY CODE TRACT LMI Monday-Thursday F riday Saturday Sunday Holidays
Shopping
Center
308 LOIZA PUEBLO
FULL SERVICE BRANCH 1 1 64 CALLE SAN PATRICIO
LOIZA PR
00772
72 41980 087 1105.00 MI 8:00am - 4:00pm 8:00am - 4:00pm
310 MAUNABO FULL SERVICE BRANCH 1 1
√
1 CALLE SANTIAGO IGLESIAS MAUNABO PR
00707 72 41980 095 9516.00 U 8:00am - 4:00pm 8:00am - 4:00pm
311 NAGUABO FULL SERVICE BRANCH 1 1
2
√
19 CALLE JUAN R GARZOT ESQ MUÑOZ RIVERA
NAGUABO PR 00718 72
41980 103
1704.00
MO 8:00am - 4:00pm 8:00am - 4:00pm
312 PLAZA DEL YUNQUE FULL SERVICE BRANCH 1
1 2
√
CARR 3 KM 22 HM 2 RIO GRANDE PR 00745 72
41980 119
1305.00 MI
8:00am - 4:00pm
8:00am - 4:00pm 8:00am - 12:00pm
√
316 LAJAS FULL SERVICE BRANCH
2 1 3
√
34 CALLE 65 DE INFANTERIA LAJAS PR
00667 72 32420 079 8502.00 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
317 RALPH FOOD WAREHOUSE JUNCOS FULL SERVICE BRANCH 2 2 URB VALENCIA 2, CALLE SANTIAGO FERNANDEZ 20 JUNCOS PR 00773 72 41980 077 5003.01 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
318 PLAZA DEL SOL FULL SERVICE BRANCH 4
4
725 WEST MAIN AVE, CENTRO COMERCIAL PLAZA DEL SOL BAYAMON PR 00961 72 41980
021 0310.21
MI
9:00am - 4:00pm 9:00am - 4:00pm 9:00am - 1:00pm 9:00am - 1:00pm
√
319 SABANA GRANDE FULL SERVICE BRANCH 2 2
√
8 AVE VICENTE QUILICHINI SABANA GRANDE PR 00637 72 32420 121 9605.00 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
320 CAGUAS PUEBLO FULL SERVICE BRANCH 1 1
20 CALLE MUÑOZ RIVERA ESQ RUIZ BELVIS
CAGUAS
PR 00725 72
41980 025 2010.00 L
8:00am - 4:00pm 8:00am - 4:00pm
321 GUAYNABO LAS CUMBRES
FULL SERVICE BRANCH 2 2
√
JARDINES REALES SHOPPING CENTER, AVE LAS CUMBRES INT JUAN CARLOS DE BORBON
GUAYNABO PR 00969 72 41980 061 0406.02 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
338
CANÓVANAS OUTLET
FULL SERVICE BRANCH 3 3
√ √
CENTRO COMERCIAL THE OUTLET, CARR 3 KM 18 HM 4 CANOVANAS PR 00729
72 41980 029
1005.03 U 8:00am - 4:00pm
8:00am - 4:00pm 8:00am - 12:00pm
√
339 WALMART CAYEY - EXPRESO
FULL SERVICE BRANCH 1 1 CARR 1 KM 54 HM 9, BO MONTELLANO CAYEY PR 00736 72 41980 035 2609.01 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
341 YABUCOA PANORAMICA FULL SERVICE BRANCH 1 1 2
√
561 CARR ERNESTO CARRASQUILLO YABUCOA PR 00767 72 41980 151 9513.00 MO 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
346 RALPH FOOD WAREHOUSE BAIROA FULL SERVICE BRANCH 1 1
√
MARGINAL P-1, CALLE 10 BO BAIROA CAGUAS PR
00725 72 41980 025 2005.00 MI 8:00am - 4:00pm 8:00am - 4:00pm
241
EL SEÑORIAL
FULL SERVICE BRANCH 2 2
22 AVE WINSTON CURCHILL ESQUINA PARANA, EL SEÑORIAL SHOPPING
SAN JUAN PR 00926 72 41980 127 0096.14 U 8:00am - 4:00pm 8:00am - 4:00pm
√
348 LOS COLOBOS SHOPPING CENTER FULL SERVICE BRANCH 3 3
√
CARR 3 KM 15 HM 2, BO CANOVANILLAS CAROLINA PR 00987 72 41980 031 0511.03 U
8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
351 ECONO MANATI FULL SERVICE BRANCH 1 1
√
CARR 670 KM 1 HM 1, CORDOVA DAVILA MANATI PR 00674 72 41980 091 5706.00 MO 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
355 PLAZA LOS PRADOS FULL SERVICE BRANCH 2 2
√
CARR 156 KM 56 HM 3 CAGUAS PR 00725 72 41980 025 2003.03
U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
361 REXVILLE TOWN CENTER FULL SERVICE BRANCH 4 4
√
REXVILLE TOWN CENTER, 3011 CARR 167 KM 0 HM 60 BAYAMON PR 00956 72 41980 021 0313.06 MI 8:00am - 4:00pm 8:00am - 4:00pm
8:00am - 12:00pm
√
383 AGUADILLA MALL FULL SERVICE BRANCH 2 2
√
CARR 2 KM 126 HM 5, CAMINO LOS CORAZONES AGUADILLA PR 00603 72 10380 005 4012.00 MI 9:00am - 4:00pm
9:00am - 4:00pm 9:00am - 1:00pm
√
385 PLAZA CENTRO SUR
FULL SERVICE BRANCH 2 2
√
PLAZA CENTRO II, 200 AVE RAFAEL CORDERO STE. 151 CAGUAS PR
00725 72 41980 025 2006.00 MI 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
387 RIO GRANDE PUEBLO FULL SERVICE BRANCH 1 1 99 CALLE PIMENTEL, VILLAS DE RIO GRANDE SHOPPING CENTER RIO GRANDE PR 00745 72 41980 119 1302.00 MO 8:00am - 4:00pm 8:00am - 4:00pm
390 CABO ROJO LA HACIENDA FULL SERVICE BRANCH 3 3
√
CARR 100 KM 7 HM 5, BO MIRADERO CABO ROJO PR 00623 72 32420
023 8303.00 U 8:00am - 4:00pm
8:00am - 4:00pm 8:00am - 12:00pm
395 PONCE TOWN CENTER SUR FULL SERVICE BRANCH 2 2
√ √
CENTRO COMERCIAL PONCE TOWNE CENTER, CARR 2 KM 222 HM 4 PONCE PR 00731 72 38660 113 0730.10 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00 am - 12:00 pm
√
152 GALERIA LOS PASEOS FULL SERVICE BRANCH 1 1
AVE GRAND PASEO BOULEVARD 100 SAN JUAN PR 00926 72 41980 127 0100.02 8:00am - 4:00pm
8:00am - 4:00pm 8:00am - 12:00pm
√
34 HATO REY PDA. 34 FULL SERVICE BRANCH 2 2
√
526 PONCE DE LEON ESQ CALLE GUAYAMA SAN JUAN PR 00918 72 41980 127 0066.00 MI 8:00am - 4:00pm 8:00am - 4:00pm
276 MALL OF SAN JUAN FULL SERVICE BRANCH 3 3 1000 THE MALL OFF SAN JUAN BLVD, 131A SAN JUAN PR 00924 72 41980 127 0050.00 L
10:00am - 4:00pm 10:00am - 4:00pm 10:00am - 1:00pm
√
24 MIRAMAR FULL SERVICE BRANCH 1 1 701 AVE PONCE DE LEON, EDIFICIO CENTRO DE SEGUROS SAN JUAN
PR 00907 72 41980 127 0019.00 U 8:00am - 4:00pm 8:00am - 4:00pm
108 MONTEHIEDRA FULL SERVICE BRANCH 2 1 3
√
AVE LOS ROMEROS, BO CAIMITO KM 1 HM 9 SAN JUAN PR 00926 72 41980 127 0101.00 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00 am - 12:00pm
√
106
MUÑOZ RIVERA
FULL SERVICE BRANCH 1 1
√
1125 AVE MUÑOZ RIVERA
SAN JUAN
PR 00925 72 41980 127 0087.00 L 8:00am - 4:00pm 8:00am - 4:00pm
22 PARADA 22 FULL SERVICE BRANCH 1 1 2 1500 AVE PONCE DE LEON SAN JUAN PR 00909 72 41980 127 0023.00 MO 8:00am - 4:00pm 8:00am - 4:00pm
26 PARADA 26 FULL SERVICE BRANCH 1 1
√
1900 AVE PONCE DE LEON SAN JUAN PR 00909 72 41980 127
0039.02 MO 8:00am - 4:00pm 8:00am - 4:00pm
32 PLAZA DEL MERCADO FULL SERVICE BRANCH 1 1 155 CALLE JOSE DE DIEGO SAN JUAN PR 00925 72 41980 127 0089.00 MO 8:00am - 4:00pm
19 PLAZA LAS AMERICAS FULL SERVICE BRANCH 5 5 1ER NIVEL PLAZA LAS AMERICAS, 525 AVE ROOSEVELT SAN JUAN PR 00919 72 41980 127 9801.03
NA 9:00am - 4:00pm 9:00am - 4:00pm 9:00am - 1:00pm 9:00am - 1:00pm
√
27 PUERTO NUEVO FULL SERVICE BRANCH 3 3
√
AVE DE DIEGO 301 ESQ AVE ROOSEVELT SAN JUAN PR 00920 72 41980 127 0071.00 MI 8:00am - 4:00pm 8:00am - 4:00pm
8:00am - 12:00pm
110 REPARTO METROPOLITANO FULL SERVICE BRANCH 1 1 2 1008 AVE. AMERICO MIRANDA, REPTO. METROPOLITANO SHOPPING CENTER SAN JUAN PR 00921 72 41980 127 0085.00 MI 8:00am - 4:00pm 8:00am - 4:00pm
√
229 SAN FRANCISCO
FULL SERVICE BRANCH 2 2 201 AVE DE DIEGO - CENTRO COMERCIAL SAN FRANCISCO SAN JUAN
PR 00926 72 41980 127 0098.00 U 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
√
35 SAN JOSE FULL SERVICE BRANCH 1 1 2
√
1565 CALLE ALDA, URB. CARIBE SAN JUAN PR 00926 72 41980 127 0096.01 U 8:00am - 4:00pm 8:00am - 4:00pm
11 SAN JUAN FULL SERVICE BRANCH 2 2
206 CALLE TETUAN SAN JUAN PR 00901 72 41980 127
0005.06 U 8:00am - 4:00pm 8:00am - 4:00pm
396 SAN JUAN LOS PUERTOS FULL SERVICE BRANCH 1 1 2
√
454 CALLE COMERCIO SAN JUAN PR 00901 72 41980 127 0006.00 MO 8:00am - 4:00pm 8:00am - 4:00pm 8:00am - 12:00pm
362
SEÑORIAL CENTER
FULL SERVICE BRANCH 4 4
√
AVE LOMAS VERDES CARR 177 Y PR 52 EL SENORIAL, CUPEY SAN JUAN PR 00926 72 41980 127
0096.14 U 8:00am - 4:00pm
8:00am - 4:00pm 8:00am - 12:00pm
33 UNIVERSIDAD DE PUERTO RICO FULL SERVICE BRANCH 1 1 UNIVERSIDAD DE PUERTO RICO, EDIFICIO JANER, AVE. PONCE DE LEON SAN JUAN
PR 00926 72 41980 127 0058.00 MI 8:00am - 4:00pm
330 WALMART PARADA 18 - EXPRESSO FULL SERVICE BRANCH 1 1 ROBERTO H.TODD AVE. PARADA 18 SAN JUAN PR 00907 72 41980 127 0039.02 MO
8:00 AM - 4:00 PM 8:00 AM - 4:00 PM 8:00am - 12:00pm
30 POPULAR CENTER MAIN OFFICE 2 2 4
209 AVE MUÑOZ RIVERA
SAN JUAN
PR 00917 72 41980 127 0105.00 U 8:00am - 4:00pm 8:00am - 4:00pm
PR095401 ALTAMIRA STAND-ALONE ATM 2 2
EDIFICIO ALTAMIRA, AVE MARTINEZ NADAL ESQ JESUS T. PIÑERO
SAN JUAN PR 00920 72 41980 127 0079.00 U
PR095651 AUTORIDAD DE ACUEDUCTOS Y ALCANTARILLADOS STAND-ALONE ATM 1
1 EDIFICIO SERGIO CUEVAS BUSTAMANTE, 604 AVE BARBOSA HATO REY SAN JUAN PR
00917 72 41980 127 0061.01 L
PR091241 CAPITOLIO DE PUERTO RICO STAND-ALONE ATM 1 1 AVE PONCE DE LEON, PUERTA DE TIERRA SAN JUAN PR 00907 72 41980 127 0007.00 U
PR094931 CIUDADELA STAND-ALONE ATM 1 1
1511 AVENIDA JUAN PONCE DE LEON SAN JUAN PR 00907 72 41980 127 0096.01 U
PR090531 CLINICA LAS AMERICAS STAND-ALONE ATM 1 1 AVE ROOSEVELT 400, HATO REY SAN JUAN PR 00918 72 41980 127 0068.00 U
PR093201 COLISEO DE PR STAND-ALONE ATM 2 2 COLISEO JOSE MIGUEL AGRELOTT, HATO REY SAN JUAN PR 00918 72 41980 127 0105.00
U
PR095071 COLISEO ROBERTO CLEMENTE STAND-ALONE ATM 1 1 AVE FRANKLIN DELANO ROOSEVELT SAN JUAN
PR 00920 72 41980 127 9801.01 NA
PR095801 TOTAL CRUCE DAVILA STAND-ALONE ATM 1 1 CARR 140, KM 65 HM 5, BO CRUCE DAVILA BARCELONETA PR 00617 72 41980 017 5903.00 MO
PR092981 CROWLEY LINER SERVICE
STAND-ALONE ATM 1 1 ISLA GRANDE TERMINAL, FRONT ISLA GRANDE AIRPORT SAN JUAN
PR 00907 72 41980 127 9801.08 NA
PR090591 CUARTEL GENERAL POLICIA STAND-ALONE ATM 1 1 AVE ROOSEVELT, HATO REY SAN JUAN PR 00918 72 41980 127 9801.03 NA
PR095041 CUPEY CENTER DRIVE UP STAND-ALONE ATM 1
1 CARR 176 KM 1 HM 2 SAN JUAN PR 00926 72 41980
127 0096.01 U
PR091251 DEPARTAMENTO DE HACIENDA STAND-ALONE ATM 1 1 PASEO COVADONGA, EDIF INTENDENTE RAMIREZ SAN JUAN PR 00901 72 41980 127 0006.00 MO
PR094031 ECONO ALTAMIRA STAND-ALONE ATM 1 1
AVE MARTINEZ NADAL ESQ JESUS T. PIÑEIRO
SAN JUAN PR 00920 72 41980 127 0079.00 U
PR091941 PUEBLO RIO HONDO 1 STAND-ALONE ATM 1 1 AVE COMERIO, ESQ EXPRESO DE DIEGO BAYAMON
PR 00957 72 41980 021 0310.31 U
PR090541 EDIFICIO TORRE MUNICIPAL STAND-ALONE ATM 1 1 AVE CARLOS CHARDON SAN JUAN PR 00918 72 41980 127 0105.00 U
PR095201 EDIFICIO CAPARRA DRIVE UP STAND-ALONE ATM 1 1 1451 AVE ROOSEVELT SAN JUAN
PR 00920 72 41980 127 0071.00 MI
PR093931 EDIFICIO MMM STAND-ALONE ATM 1 1 411 MARGINAL AVE KENNEDY, SECTOR BECHARA SAN JUAN PR 00920 72 41980 127 0070.04 MI
PR090081 FARMACIA SIEMPRE ABIERTA STAND-ALONE ATM 1
1 AVE DOMENECH #370 SAN JUAN PR 00918 72 41980 127 0068.00 U
PR093771 FINE ARTS STAND-ALONE ATM 1 1 AVE PONCE DE LEON 209 SAN JUAN PR 00909 72 41980 127 0063.00 U
PR090011 PONCE RAMBLA 2 STAND-ALONE ATM 1 1
CARR 14, LA RAMBLA SHOPPING CENTER PONCE PR 00716 72 38660 113 0705.22 U
PR090101 TEXACO BARBOSA STAND-ALONE ATM 1 1 AVE BARBOSA ESQ AVE ROOSVELT SAN JUAN PR 00917 72 41980 127 0046.00 MI
PR090521 HOSPITAL AUXILIO MUTUO STAND-ALONE ATM 1 1
AVE PONCE DE LEÓN, HATO REY
SAN JUAN PR 00917 72 41980 127 0061.02
MI
PR094451 HOSPITAL DEL MAESTRO STAND-ALONE ATM 1 1 AVENIDA DOMENECH, HATO REY SAN JUAN
PR 00918 72 41980 127 0068.00 U
PR095511 HOSPITAL MUNICIPAL SJ STAND-ALONE ATM 1 1 BO MONACILLO, CENTRO MEDICO SAN JUAN PR 00921 72 41980 127 0084.00 U
PR094371 HOSPITAL PAVIA
STAND-ALONE ATM 1 1 1462 PROFESOR AUGUSTO RODRIGUEZ SAN JUAN
PR 00909 72 41980 127 0023.00 MO
PR090161 PUMA LARES STAND-ALONE ATM 1 1 CARR PR 129 KM 24 HM 5, BO PILETAS LARES PR 00669 72 99999 081 9578.00 MI
PR090201 MR. SPECIAL SABANA GRANDE STAND-ALONE ATM 1 1 CARR PR 121 KM 1.0 SABANA GRANDE PR 00637 72 32420 121 9605.00 MI
PR090231 PUMA FAJARDO STAND-ALONE ATM 1 1
CARR PR 3 KM 43 HM 5, FRENTE A PLAZA DEL ESTE SHOPPING CENTER FAJARDO
PR 00738 72 41980 053 1502.00
MI
√
PR090241 WYNDHAM RIO MAR STAND-ALONE ATM 1 1 6000 RIO MAR BLVD RIO GRANDE PR 00745 72
41980 119 1301.01 MO
PR090291 ALCALDIA BAYAMON STAND-ALONE ATM 1 1 CARR 2 KM 14 HM 3 BAYAMON PR 00959 72 41980 021 0302.00 MI
PR090361 FARMACIAS CARIDAD STAND-ALONE ATM 1 1 VICTORY SHOPPING CENTER, CARR 167 SUR BAYAMON PR 00956 72 41980
021 0314.02 MI
√
PR090371 SUP. AIBONITO EXTRA STAND-ALONE ATM 1 1 CALLE SAN JOSE 96 AIBONITO PR 00705 72 41980 009 2505.00 MI
PR090411 JUNCOS PLAZA STAND-ALONE ATM 1 1 CARR 31 KM 24, BO CEIBA NORTE, JUNCOS PLAZA SHOPPING CENTER JUNCOS PR 00777 72 41980 077 5003.01 MI
√
PR090421 LAS CATALINAS FOOD COURT 1 STAND-ALONE ATM 1 1 LAS CATALINAS MALL CAGU AS PR 00725 72 41980 025 2004.00 U
√
PR090471 BRISTOL MYERS HUMACAO STAND-ALONE ATM 1 1
CARR 3 KM 77 HM 5, BO JUNQUITO HUMACAO PR 00791 72 41980 069 1805.00 MI
PR090481 UPR HUMACAO STAND-ALONE ATM 1 1 CARR 908 KM 1 HM 3, BO TEJAS HUMACAO PR 00791 72 41980 069 1803.02
MO
PR092231 HOSPITAL SAN JORGE STAND-ALONE ATM 1 1 AVE SAN JORGE 250 SAN JUAN PR 00909 72 41980 127 0016.00 U
PR091201 HOTEL CONDADO PLAZA STAND-ALONE ATM 1 1 999 AVE ASHFORD SAN JUAN
PR 00907 72 41980 127 0009.00
U
PR093961 HOTEL LA CONCHA STAND-ALONE ATM 1 1 1077 AVE ASHFORD, CONDADO SAN JUAN PR 00907 72 41980
127 0009.00 U
PR095814 HOTEL SHERATON SAN JUAN 4 STAND-ALONE ATM 1 1 200 BLVD CENTRO DE CONVENCIONES SJ SAN JUAN PR 00907 72 41980 127 0042.00 MO
PR095811 HOTEL SHERATON SAN JUAN 1 STAND-ALONE ATM 1 1 200 BLVD CENTRO DE CONVENCIONES SJ SAN JUAN PR 00907 72 41980 127 0042.00 MO
PR095812 HOTEL SHERATON SAN JUAN 2 STAND-ALONE ATM 1 1 200 BLVD CENTRO DE CONVENCIONES SJ SAN JUAN PR 00907 72 41980 127 0042.00 MO
PR095813 HOTEL SHERATON SAN JUAN 3 STAND-ALONE ATM 1 1 200 BLVD CENTRO DE CONVENCIONES SJ SAN JUAN PR 00907 72 41980 127 0042.00
MO
PR090131 INTERAMERICANA RIO PIEDRAS STAND-ALONE ATM 1 1
CARR 1, CALLE FRANCISCO SEÍN
SAN JUAN PR 00926 72 41980 127 0096.02
U
PR090611 PLAZA DEL ATLANTICO STAND-ALONE ATM 1 1 CARR 2 KM 80 HM 4, BO SAN DANIEL ARECIBO PR 00612 72 11640 013 3010.00 U
√
PR090621 UPR ARECIBO STAND-ALONE ATM 1 1 CARR 653 KM 0.08, SECTOR HOYO LOS SANTOS ARECIBO PR 00612 72 11640 013 3008.00 MI
PR090631 INTERAMERICANA ARECIBO STAND-ALONE ATM 1 1 AVE SAN DANIEL ESQ. LAS CANELAS BO HATO BAJO ARECIBO PR 00612 72 11640
013 3010.00 U
PR090661 GAGAJE PUMA GUANICA STAND-ALONE ATM 1 1 CARR PR 116 KM 24 HM 7
GUÁNICA
PR 00653 72 99999 055 9609.00 MO
PR090701 PLAZOLETA PLAZA DEL CARIBE STAND-ALONE ATM 1 1 PLAZA DEL CARIBE FOOD COURT PONCE PR 00716 72 38660 113 0721.01 MI
√
PR090711 HOTEL PONCE HILTON STAND-ALONE ATM 1 1 LOS CABALLEROS AVE PONCE PR 00716 72 38660 113 0721.02 U
PR090721 UPR PONCE STAND-ALONE ATM 1 1 PONCE BYPASS, LOS CABALLEROS ROAD PONCE PR 00716 72 38660 113 0721.01 MI
PR090742 HOLSUM BAKERS CAFETERIA STAND-ALONE ATM 2 2 CARR 2 KM 20 HM 1 TOA BAJA PR 00953 72 41980 137 1220.02 U
PR090761 COROZAL PUEBLO STAND-ALONE ATM 1 1 CERVANTES 1 COROZAL PR 00783 72 41980 047 5303.00 MO
PR090841 POBLADO SAN ANTONIO STAND-ALONE ATM 1 1 POBLADO SAN ANTONIO, AVE RAMEY 488 AGUADILLA PR 00604 72 10380 005 4003.00 U
PR090871 HOSPITAL LA CONCEPCION STAND-ALONE ATM 1 1 CARR PR 2 KM 173 HM 4 SAN GERMAN PR 00683 72 32420 125 8401.00
MO
PR090881 AEROPUERTO TERMINAL B,C,D STAND-ALONE ATM 4 4
AEROPUERTO LUIS MUÑOZ MARIN
CAROLINA PR 00979 72 41980 031 9800.03 NA
PR095791 EMBASSY SUITES ISLA VERDE STAND-ALONE ATM 1 1 8000 CALLE TARTAK CAROLINA PR 00979 72 41980 031 0501.03 U
PR090911 PLAZOLETA ISLA VERDE STAND-ALONE ATM 1 1 37 AVE LOS GOBERNADORES (AVE ISLA VERDE) CAROLINA PR 00979 72 41980 031 0501.03 U
√
PR090941 CARIBBEAN CINEMA ESCORIAL STAND-ALONE ATM 1 1 PARQUE ESCORIAL PLAZA, AVE 65 DE INFANTERIA CAROLINA PR 00987 72 41980 031 0504.02 MI
√
PR090961 COUNTRY CLUB SHOP. CENTER STAND-ALONE ATM 1 1 AVE CAMPO RICO, ESQ EL COMANDANTE CAROLINA PR 00982 72 41980 031 0503.11 MI
√
PR090991 PUMA VISTAMAR STAND-ALONE ATM 1 1 AVE PONTEZUELA, ESQ MARGINAL, URB VISTA MAR CAROLINA PR 00983 72 41980 031 0502.11 U
PR091051 PUMA AVE. ESMERALDA STAND-ALONE ATM 1 1 AVE ESMERALDA ESQ LOPATEGUI, CENTRO COMERCIAL EL CENTRO GUAYNABO PR 00969 72 41980 061 0404.22 U
√
PR091111 TOTAL LA MUDA STAND-ALONE ATM 1 1 CARR 1, INT CARR 20 GUAYNABO PR 00971 72 41980 061 0410.00 MI
PR091981 MONTEHIEDRA CINEMAS STAND-ALONE ATM 1 1 MONTEHIEDRA MALL, CAMINO LOS ROMEROS SAN JUAN PR 00926 72 41980 127 0101.00 U
√
PR091161 PUEBLO TRUJILLO ALTO STAND-ALONE ATM 1 1 CARR 181, TRUJILLO ALTO SHOPPING CENTER TRUJILLO ALTO PR
00976
72 41980 139 0602.11 MI
√
PR094041 MUNOZ RIVERA 2 STAND-ALONE ATM 1 1
1125 AVE MUÑOZ RIVERA
SAN JUAN PR 00925 72 41980 127 0087.00 L
PR091151 PARK GARDENS FOOD COURT STAND-ALONE ATM 1 1 AVE SARATOGA ESQ EXPRESO TRUJILLO ALTO, PARK GARDENS SAN JUAN PR 00923 72 41980 127 0091.21 U
PR091231 PLAZA DE ARMAS SAN JUAN STAND-ALONE ATM 1 1 150 CALLE RAFAEL CORDERO, ESQ SAN JOSE SAN JUAN PR 00901 72 41980 127 0005.06 U
PR091331 SAN PATRICIO FOOD COURT STAND-ALONE ATM 1 1
AVE GONZÁLEZ GIUSTI
GUAYNABO PR 00966 72 41980 061 0403.02 U
√
PR091361 ORTHO MCNEIL MANATI STAND-ALONE ATM 1 1 CARR 2 KM 45 HM 6, BO CAMPO ALEGRE MANATI PR 00674 72 41980 091 5701.00 MI
PR091431 MAYAGUEZ TOWN CENTER STAND-ALONE ATM 1 1 MAYAGUEZ SHOPPING CTR MAYAGUEZ PR 00680 72 32420 097 0820.12 U
√
Branches / Stand-alone ATMs
BRANCH # BRANCH NAME TYPE FULL SERVICE ATM's CASH ONLY ATM's # OF ATMS DRIVE- THRU MORTGAGE PRODUCTION OFFICE ADDRESS COUNTY NAME STATE ZIP ST MSA COUNTY CODE TRACT LMI Monday-Thursday F riday Saturday Sunday Holidays
Shopping
Center
PR091441 FARMACIA SERRANO
STAND-ALONE ATM 1 1
169 ESTE MÉNDEZ VIGO
MAYAGUEZ
PR 00680
72 32420 097 0808.00 MO
PR091531 BURGER KING SANTA ISABEL STAND-ALONE ATM 1 1 CARR 153, KM 6 HM 5 SANTA ISABEL PR
00757 72 99999 133 9536.00 U
PR091591 PUEBLO PLAZA DEL CARIBE STAND-ALONE ATM 1 1
CARR 2, PLAZA CARIBE SHOPPING CENTER PONCE PR 00716 72
38660 113
0715.00 U
√
PR091601 INTERAMERICANA PONCE STAND-ALONE ATM 1
1 CARR KM 123 HM 2, BO SABANETAS, MERCEDITAS PONCE PR 00716 72
38660
113 0705.03
U
PR091611 SELECTOS SANTA MARIA STAND-ALONE ATM
1 1
AVE MUÑOZ RIVERA ESQ CALLE FERROCARRIL
PONCE PR
00717 72 38660 113 0717.00 U
PR091621 TEXACO LA SIERRA STAND-ALONE ATM 1 1 CARR 172 KM 5 HM 8, BO CERTENEJAS CAGUAS PR 00725 72 41980 025 2024.04 U
PR091631 ECONO BAIROA STAND-ALONE ATM 2
2
CARR 1, BAIROA SHOPPING CENTER CAGUAS PR 00725 72 41980
025 2004.00
U
√
PR091641
TOTAL CAÑABONCITO
STAND-ALONE ATM 1 1
CARR 156, BO CAÑABONCITO
CAGUAS PR 00727 72 41980 025 2003.03 U
PR091671 UPR CAYEY STAND-ALONE ATM 1 1
AVE ANTONIO R. BARCELÓ
CAYEY
PR 00736 72
41980 035 2607.00 MO
PR091701 MERCK LAS PIEDRAS
STAND-ALONE ATM 1 1 CARR 183, LAS PIEDRAS INDUSTRIAL PARK LAS PIEDRAS PR 72085 72 41980 085 1901.02 MI
PR091741 PFIZER PHARMACEUTICAL STAND-ALONE ATM 1 1
CARR2 KM 58 HM 5, CRUCE DAVILA
BARCELONETA
PR
00617 72 41980
017 5903.00 MO
PR091781 PFIZER PGM
STAND-ALONE ATM 1 1 CARR 160, CAMINO A CENTRAL SAN VICENTE (CARR 689) VEGA BAJA PR 00693 72 41980 145 5601.00 MO
PR091791 ECONO VEGA BAJA STAND-ALONE ATM 1 1 405 AVE FELISE RINCON, SAN DEMETRIO VEGA BAJA PR 00693 72 41980 145 5602.01 MI
PR091821 PLAZA NORESTE CANOVANAS STAND-ALONE ATM 1
1 CARR 3 KM 20 HM 5 ESQ CARR 958 CANO VANAS PR
00729 72 41980 029 1005.03 U
√
PR091851 MOBIL TORRIMAR STAND-ALONE ATM 1 1 CARR 177 KM 2 HM 6, LOS FILTROS GUAYNABO PR 00966 72 41980 061 0404.11 U
PR091901 EMBARCADERO FOOD COURT STAND-ALONE ATM 1
1
AVE COMERIO, RÍO HONDO SHOPPING CENTER
BAYAMON PR 00961 72 41980 021 0310.31
U
√
PR091911 UPR BAYAMON STAND-ALONE ATM 1 1 CARR 174, KM 2 HM 8 MINILLAS BAYAMON PR 00959 72 41980 021 0303.00 U
PR091951 HOSPITAL SAN PABLO STAND-ALONE ATM 1 1 70 CALLE SANTA CRUZ BAYAMON PR 00959 72 41980 021 0303.00
U
PR094901 WALL PLAZA LAS AMERICAS CINEMAS STAND-ALONE ATM 1 1 PLAZA LAS AMERICAS, HATO REY SAN JUAN
PR 00918 72 41980 127 9801.03 NA
√
PR094902 WALL PLAZA LAS AMERICAS CINEMAS STAND-ALONE ATM 1 1 PLAZA LAS AMERICAS, HATO REY SAN JUAN PR 00918 72 41980 127 9801.03 NA
√
PR090581 PLAZA LAS AMERICAS TERRAZA
STAND-ALONE ATM 1 1 PLAZA LAS AMERICAS, HATO REY SAN JUAN
PR 00918 72 41980 127 9801.03 NA
√
PR092071 CABO ROJO PUEBLO STAND-ALONE ATM 1 1 CALLE BARBOSA 48, ESQ RUIZ BELVIS CABO ROJO PR 00623 72 32420 023 8304.00 MI
PR092091 PLAZA DEL SOL FOOD COURT STAND-ALONE ATM 1
1
CARR 29 ESQ PR 167 (AVE COMERÍO)
BAYAMON PR 00961 72 41980 021
0310.21 MI
√
PR092131 GULF ARECIBO STAND-ALONE ATM 1 1 CARR 2, BO SABANA HOYOS ARECIBO PR 00688 72 11640 013 3022.01 MI
PR092161 MR SPECIAL DE HORMIGUEROS STAND-ALONE ATM 1 1 CARR 2 KM 165 HM 2, BO LAVADERO HORMIGUEROS PR 00660 72 32420 067
8201.00 MI
PR092171 ECONO TOA BAJA STAND-ALONE ATM 1 1 CARR 863 KM 0.7, BO CANDELARIA TOA BAJA
PR 00953 72 41980 137 1220.01 MI
PR092211 MR. SPECIAL LAJAS STAND-ALONE ATM 1 1
AVE FLAMBOYÁN 300 ESQ AVE 65 INFANTERÍA
LAJAS PR 00667 72 32420 079 8501.02 MI
PR092221 MR. SPECIAL CABO ROJO STAND-ALONE ATM 1 1 CARR PR 100 KM 6 HM 7 CABO ROJO
PR 00623 72 32420 023 8303.00 U
PR094591 POPULAR CENTER FOOD COURT STAND-ALONE ATM 1 1
MUÑOZ RIVERA, HATO REY
SAN JUAN PR 00918 72 41980 127 0105.00 U
PR092261 ALCALDIA HATILLO STAND-ALONE ATM 1
1 AVE FRANKLIN DELANO ROOSEVELT 128 HATILLO PR
00659 72 11640 065 3102.00 MI
PR092291 UNIVERSIDAD CATOLICA PONCE STAND-ALONE ATM 1 1
AVE LAS AMÉRICAS # 2250 (FRENTE AL MUSEO DE ARTE DE PONCE)
PONCE PR 00717 72 38660 113 0717.00 U
PR092331 COOPER VISION JUANA DIAZ STAND-ALONE ATM 1
1 AMUELAS INDUSTRIAL PARK LOTE 7, CARR 584 JUANA DIAZ PR 00795 72 38660 075 7104.00
MI
PR092431 MR SPECIAL LARES STAND-ALONE ATM 1 1 562 AVENIDA LOS PATRIOTAS LARES
PR 00669 72 99999 081 9579.00 MI
PR092441 MR SPECIAL ISABELA STAND-ALONE ATM 1 1 CARR PR 112 KM 0. 8, BO MORA ISABELA PR 00662 72 10380 071 4105.00 U
PR092451 MR SPECIAL ANASCO STAND-ALONE ATM 1
1 CARR 402 KM 0.8, BO LAS MARIAS
AÑASCO
PR 00610
72 10380 011 8105.00 U
PR092461 MR SPECIAL AGUADA STAND-ALONE ATM 1 1 DESVIO SUR CARR 411 (FRENTE AL CORREO FEDERAL) AGUADA PR 00602 72 10380 003 4306.02 MI
PR092471 MR SPECIAL YAUCO STAND-ALONE ATM 1
1 CALLE BARBOSA ESQ PLANTA YAUCO PR 00698 72 38660
153 7504.00 MO
PR092481 MR SPECIAL SAN GERMAN STAND-ALONE ATM 1 1
CENTRO COMERCIAL SANTA MARÍA
SAN GERMAN PR 00683 72 32420 125 8404.00 U
√
PR092521 PUEBLO ARECIBO STAND-ALONE ATM 1 1
CARR 10 PARCELAS LUIS RODRÍGUEZ OLMO
ARECIBO PR 00612 72 11640 013
3014.00 MI
PR092531 MOBIL CIDRA STAND-ALONE ATM 1 1 CARR 7733 KM 0.4 CIDRA
PR 00739 72 41980 041 2405.00 MO
PR092541 HOSPITAL MENONITA CIDRA STAND-ALONE ATM 1 1
URB INDUSTRIAL EL JÍBARO
CIDRA PR 00739 72 41980 041 2403.00 MI
PR092561 AAFES 1 STAND-ALONE ATM 1 1 BUILDING 669 FORT BUCHANAN GUAYNABO
PR 00934 72 41980 061 0402.00 U
PR092571 THE OUTLET-ROUTE 66 MALL STAND-ALONE ATM 1 1 CARR 188, ESQ CARR 3 CANOVANAS PR 00729 72 41980 029 1005.03 U
√
PR092581 BARCELONETA PUEBLO STAND-ALONE ATM 1
1 CALLE GEORGETTI BARCELONETA PR 00617 72 41980 017 5901.00 MO
PR092591 COSTCO PLAZA CENTRO MALL STAND-ALONE ATM 1 1 CENTRO COMERCIAL PLAZA CENTRO, CARR 30 CAGUAS PR 00725 72 41980 025 2006.00 MI
√
PR092601 COSTCO BAYAMON OESTE STAND-ALONE ATM 1 1 CARR 2 KM 15 HM 5, BO HATO TEJAS BAYAMON PR 00959 72 41980 021
0310.13 U
PR092611 CINEMA LAS CATALINAS STAND-ALONE ATM 1 1 LAS CATALINAS MALL CAGUAS
PR 00725 72 41980 025 2010.00 L
√
PR092621 PUMA FAJARDO SERVICE STA STAND-ALONE ATM 1 1 AVE. PRINCIPAL URB. BARALT FAJARDO PR 00738 72 41980 053 1502.00 MI
PR092641 ECONO TRUJILLO ALTO STAND-ALONE ATM 1 1 CARR 878 KM 4 HM 2 TRUJILLO ALTO
PR 00976 72 41980 139 0602.12 MI
PR092651 SHELL MAGNOLIA STAND-ALONE ATM 1 1 AVE MAGNOLIA, ESQ CALLE 15 BAYAMON PR 00956 72 41980 021 0314.01 U
PR095631 PROFESSIONAL OFFICE PARK STAND-ALONE ATM 1
1 CALLE SAN ROBERTO SAN JUAN PR 00927 72 41980 127 0098.00 U
PR092681 SELECTOS PENUELAS STAND-ALONE ATM 1 1
CARR 132, #55 PEÑUELAS VALLEY PEÑUELAS
PR 00624 72 38660 111 7307.00 MI
PR092691 CENTRO BELLAS ARTES STAND-ALONE ATM 1 1
CALLE RUIZ BELVIS ESQ PADIAL CAGUAS PR 00725 72 41980 025 2010.00 L
PR092751 PUMA DOS BOCAS T.A. STAND-ALONE ATM 1 1 CARR 181 KM 9 HM 3, BO DOS BOCAS TRUJILLO ALTO PR
00976
72 41980 139 0604.03
U
PR092661 PRTC 1513 STAND-ALONE ATM 1 1 AVE ROOSVELT 1513, CAPARRA GUAYNABO PR 00966 72 41980 061 0403.02 U
PR092811 COSTCO CAROLINA STAND-ALONE ATM 1 1 AVE 65 INFANTERIA CAROLINA PR 00987 72 41980 031 0504.01
U
PR092831 PLAZA COAMO STAND-ALONE ATM 1 1 CARR 153 KM 13 HM 7, CENTRO COMERCIAL PLAZA COAMO COAMO
PR 00769 72 99999 043 9547.00 U
√
PR092881 PLAZA VALLE VERDE STAND-ALONE ATM 1 1 CALLE LUNA SAN GERMAN PR 00683 72 32420 125 8407.00 U
√
PR092901 PUMA PASEO PUEBLO GUAYAMA
STAND-ALONE ATM 1 1 AVE PEDRO ALBIZU CAMPOS KM 0.3 GUAYAMA
PR 00784 72 25020 057 2706.00 MI
PR092921 MR SPECIAL VEGA ALTA STAND-ALONE ATM 1 1 CARR PR 2 KM 30 HM 1 VEGA ALTA PR 00692 72 41980 143 5504.00 MO
PR092931 BRISTOL MYERS MANATI STAND-ALONE ATM 1
1 CARR 686 KM 2 HM 3 MANATI PR 00674 72 41980 091
5701.00 MI
PR092971 PUMA ESTRELLA SERVICE STA STAND-ALONE ATM 1 1
AVE LUIS MUÑOZ MARÍN ESQ PR 189, BO BAIROA
CAGUAS PR 00725 72 41980 025 2001.00 U
PR094011 PUEBLO PLAZA LAS AMERICAS STAND-ALONE ATM 1 1 AVE ROOSEVELT ESQ EXPRESO LAS AMERICAS SAN JUAN PR 00920 72 41980 127
9801.03 NA
√
PR093021 PLAZA BOQUERON STAND-ALONE ATM 1 1
CARR 101 KM 17 HM 4, BOQUERÓN
CABO ROJO PR 00622 72 32420 023 8306.04 MI
√
PR093051 AGUADA PUEBLO STAND-ALONE ATM 1 1 CALLE PAZ 227 AGU ADA PR 00602 72 10380 003 4302.00 MI
PR093101 PLAZA YABUCOA STAND-ALONE ATM 1 1 CARR PR 182 INT PR 900 YABUCOA
PR 00767 72 41980 151 9511.00 MO
√
PR093141 CENTRO GUB. HUMACAO STAND-ALONE ATM 1 1 MIGUEL CASILLAS FINAL HUMACAO PR 00791 72 41980 069 1806.00 MO
PR093151 ECONO RINCON STAND-ALONE ATM 1
1 CARR 115 KM 12 HM 5, SECTOR BEACH COLONY RINCON PR
00677 72 10380 117 9595.00 MI
PR093191 WEST PROFESSIONAL BUILDING STAND-ALONE ATM 1 1 CARR 107 KM 2 HM 8 AGU ADILLA PR 00603 72 10380 005 4003.00 U
PR092791 PUMA DE DIEGO STAND-ALONE ATM 1 1 AVE DE DIEGO KM 2.0 (FRENTE AL FONDO DEL SEGURO DEL ESTADO) SAN JUAN PR 00920 72
41980 127 0096.02 U
PR093211 ECONO UTUADO STAND-ALONE ATM 1 1 AVE RIVAS DOMINICHI, CARR 111 ESTE KM 2 HM 6 UTUADO PR 00641 72 99999 141 9575.00 MO
PR093221 PARADOR VILLA PARGUERA STAND-ALONE ATM 1 1 CARR 304 KM 3 HM 3, LA PARGUERA LAJAS PR 00667 72 32420 079 8504.00 MI
PR093231 CINEMA LAS PIEDRAS STAND-ALONE ATM 1 1 CARR 198 KM 20 HM 1, OLYMPIC VILLAGE LAS PIEDRAS PR 72085 72 41980
085 1901.02 MI
PR093241 FARMACIA LA RAMPLA STAND-ALONE ATM 1 1
CRISTOBAL COLÓN 52
YABUCOA PR 00767 72 41980 151 9510.00 MI
PR093391 SANTA ISABEL PUEBLO STAND-ALONE ATM 1 1 CALLE HOSTOS ESQ BETANCES SANTA ISABEL PR 00757 72 99999 133 9537.00 U
PR093541 FARMACIA SAN MIGUEL STAND-ALONE ATM 1 1 CALLE GEORGETTI 109 NARANJITO PR 00719 72 41980 105 5203.00 MO
PR093551 VEGA ALTA FOOD COURT STAND-ALONE ATM 1 1 CARR 2 KM 29 HM 7, PLAZA CENTRO GRAN CARIBE VEGA ALTA PR 00692 72 41980 143 5504.00 MO
√
PR093581 BURGER KING COTTO LAUREL STAND-ALONE ATM 1 1 PR 506, COTTO LAUREL PLAZA PONCE
PR 00715 72 38660 113 0724.00 U
PR093631 MUN. AUTONOMO CAROLINA STAND-ALONE ATM 1 1 CALLE IGNACIO ARSUAGA ESQ. FERNANDEZ JUNCOS CAROLINA PR 00985 72 41980 031 0507.00 MI
PR093721 COSTCO LOS FILTROS STAND-ALONE ATM 1 1 CALLE 125, PARQUE INDUSTRIAL MINILLAS BAYAMON PR 00959 72 41980 021 0302.00 MI
PR093821 ETHICON LLC SAN LORENZO 1 STAND-ALONE ATM 1 1 CARR 183 KM 10 HM 3, BO HATO SAN LORENZO PR
00754
72 41980 129 2201.00 U
PR093831 JANSSEN ORTHO LLC STAND-ALONE ATM 1 1 JANSSEN ORTHO LLC, CARR 933 KM 1, BO MAMEY GURABO PR 00778 72 41980 063 2105.04 MI
PR093911 TO GO STORES STAND-ALONE ATM 1 1
CARR 189 KM 4 HM 01 INT CARR 931, BO NAVARRO
GURABO PR 00778 72 41980 063 2105.02 U
PR093921 HOSPITAL GENERAL CASTANER STAND-ALONE ATM 1 1
CARR 135 KM 64 HM 2, POBLADO CASTAÑER
LARES PR 00669 72 99999 081 9584.00 MI
PR093941 TACO MAKER MAYAGUEZ MALL STAND-ALONE ATM 1 1 MAYAGUEZ MALL TACO MAKER MAYAGUEZ PR 00680 72 32420 097 0820.12 U
√
PR095701 SAN JUAN DISTRICT 1 STAND-ALONE ATM 1 1 250 CONVENTION BLVD SAN JUAN PR 00907 72 41980 127 0042.00 MI
PR093981 EXPRESO SERVICE STATION STAND-ALONE ATM 1 1 CARR 129 KM 5 HM 6, HATO ARRIBA ARECIBO PR 00612 72 11640
013 3011.00 U
PR093991 COCA COLA CAYEY STAND-ALONE ATM 1 1 CARR 735 INT, BO MONTELLANOS CAYEY PR 00736 72 41980 035 2602.01 U
PR094001 MOBIL AGUADILLA STAND-ALONE ATM 1 1 PR2 KM 117 HM 2, BO CEIBA BAJA AGUADILLA PR 00603 72 10380 005 4014.01 MI
PR095702 SAN JUAN DISTRICT 2 STAND-ALONE ATM 1 1 250 CONVENTION BLVD SAN JUAN PR 00907 72 41980 127 0042.00 MI
PR095703 SAN JUAN DISTRICT 3 STAND-ALONE ATM 1 1 250 CONVENTION BLVD SAN JUAN PR 00907 72 41980 127 0042.00 MI
PR094101 HOTEL MARRIOTT AGU ADILLA STAND-ALONE ATM 1 1
CALLE BELT ESQ WEST PARADE BASE RAMEY AGUADILLA PR 00604 72 10380 005 4003.00 U
PR094111 FOREST HILLS STAND-ALONE ATM 1 1 CARR 167 ESQ CALLE 15 LOCAL #7, FOREST HILLS PLAZA BAYAMON PR 00959 72 41980 021 0315.02 MI
√
PR094121 ECONO LOS COLOBOS STAND-ALONE ATM 1 1 LOS COLOBOS SHOPPING CENTER, CARR 3 KM 14 HM 7, BO CANOVANILLAS CAROLINA PR 00987 72 41980 031 0511.03 U
PR094131 MR. SPECIAL MOCA STAND-ALONE ATM 1 1 CARR 111, KM 4 HM 4 MOCA
PR 00676 72 10380 099 4202.00 MI
PR094151 ECONO JUANA DIAZ STAND-ALONE ATM 1 1 CARR 149 KM 67 HM 1 INT CARR 14, BO LOMAS JUANA DIAZ PR 00795 72 38660 075 7106.00 U
PR094161 PONCE MALL STAND-ALONE ATM 1 1 PONCE MALL SHOPPING CENTER, CARR 2 PONCE PR 00717 72 38660 113 0715.00 U
√
PR094211 MAYAGUEZ RESORT & CASINO STAND-ALONE ATM 1 1 CARR 104, BO ALGARROBO MAYAGUEZ PR 00680 72 32420 097 0802.00 L
PR094221 UNIVERSIDAD CATOLICA STAND-ALONE ATM 1 1
482 CALLE RAMON EMETERIO BETANCES MAYAGUEZ PR 00680 72 32420 097 0821.03 MI
PR094241 MAGIC FUEL STAND-ALONE ATM 1 1 CARR 887 KM 1.0, JARDINES DE CAROLINA CAROLINA PR 00987 72 41980 031 0505.01 U
PR094301 GARAGE GULF SAINT JUST STAND-ALONE ATM 1 1 CARR 860 KM 0.4, BO MARTIN GONZALEZ CAROLINA PR 00987 72 41980 031 0505.01 U
PR094311 ECOMAXX CANOVANAS STAND-ALONE ATM 1 1 CARR 86 BO CAMPO RICO CANOVANAS PR 00729 72 41980 029 1006.01 MI
PR094321 HOSPITAL DE DAMAS STAND-ALONE ATM 1 1 PONCEBYPASS #2213 PONCE PR 00731 72 38660 113 0717.00 U
PR094361 SUP.ECONO PLAZA CAROLINA STAND-ALONE ATM 1 1 PLAZA CAROLINA MALL CAROLINA PR 00983 72 41980 031 0502.32 U
√
PR013831 AGUADILLA MALL 1 STAND-ALONE ATM 1 1 CARR 2 KM 126.5, CAMINO CORAZONES AGUADILLA PR 00603 72 10380 005 4012.00 MI
√
PR013832 AGUADILLA MALL 2 STAND-ALONE ATM 1 1 CARR 2 KM 126.5, CAMINO CORAZONES AGUADILLA PR 00603 72 10380 005 4012.00 MI
√
PR094421 SUC. AGUADILLA MALL DR-UP STAND-ALONE ATM 1 1 CARR 2 KM 126.5, CAMINO CORAZONES AGUADILLA PR 00603 72 10380 005 4012.00 MI
√
PR093972 SENORIAL CENTER STAND-ALONE ATM 2 2 4 AVE LOMAS VERDES, ESQ CARR 52 SAN JUAN PR 00926 72 41980 127 0096.24 U
PR091171 MOBIL BAJAMAR STAND-ALONE ATM 1 1
AVE PONCE DE LEÓN PDA 6.1/2 PUERTA DE TIERRA
SAN JUAN PR 00901 72 41980 127 0007.00 U
PR090051 MOBIL BALDRICH STAND-ALONE ATM 1 1
COLL Y TOSTE ESQ TENIENTE CESAR GONZÁLEZ
SAN JUAN PR 00918 72 41980 127 0067.00 U
PR094611 FARMACIA SABANA GRANDE STAND-ALONE ATM 1 1 AVE 5 DE DICIEMBRE 110, PR 102, BO RAYO SABANA GRANDE PR 00637 72 32420 121 9604.00 U
PR094631 MR. SPECIAL YAUCO PLAZA STAND-ALONE ATM 1 1 CARR 2 KM 198 YAUCO PR 00698 72 38660 153 7504.00 MO
√
PR094641 HATILLO KASH & KARRY STAND-ALONE ATM 1 1 CARR 2 KM 87 HM 1, BO PUEBLO HATILLO PR 00659 72 11640 065 3102.00 MI
PR094651 PLAZA DE NORTE HATILLO STAND-ALONE ATM 1 1 PLAZA DEL NORTE SHOPPING CENTER, 506 TRUNCADO HATILLO PR 00659 72 11640 065 3101.00 MI
√
Branches / Stand-alone ATMs
BRANCH # BRANCH NAME TYPE FULL SERVICE ATM's CASH ONLY ATM's # OF ATMS DRIVE- THRU MORTGAGE PRODUCTION OFFICE ADDRESS COUNTY NAME STATE ZIP ST MSA COUNTY CODE TRACT LMI Monday-Thursday F riday Saturday Sunday Holidays
Shopping
Center
PR094671 BURGER KING CAYEY
STAND-ALONE ATM 1 1 CALLE DE DIEGO, ESQUINA CORCHADO CAYEY
PR 00736
72 41980 035 2603.00 MI
PR094701 MR. SPECIAL SAN SEBASTIAN STAND-ALONE ATM 1 1 CARR 111 KM 22 HM 3, BO PIEDRAS BLANCAS SAN SEBASTIAN PR
00685 72 10380 131 9592.00 MI
PR094711 TOTAL LAUREL STAND-ALONE ATM 1 1
AVE LAUREL ESQ BELLISIMA, LOMAS VERDES BAYAMON PR 00956 72
41980 021
0316.11 U
PR094811 GARAJE PUMA HATILLO STAND-ALONE ATM 1
1 CARR 2 KM 85 HM 2, BO CARRIZALES HATILLO PR 00659 72
11640
065 3101.00
MI
PR094821 MR. SPECIAL MAYAGUEZ BALBOA STAND-ALONE ATM
1 1 CALLE BALBOA ESQ MANUEL CINTRON MAYAGUEZ PR
00680 72 32420 097 0808.00 MO
PR094831 ECONO VILLA DEL CARMEN STAND-ALONE ATM 1 1 VILLA DEL CARMEN SHOPPING CENTER, PR 1 KM 2 HM 2 CAGUAS PR 00725 72 41980 025 2020.00 MO
√
PR094841 ECONO PLAZA CAYEY STAND-ALONE ATM 1
1
CARR 1 KM 56 HM 2 , CENTRO COMERCIAL PEREZ HERMANOS, BO MONTELLANOS CAYEY PR 00736 72 41980
035 2609.01
U
√
PR094861 ECONO MOREL CAMPOS PONCE STAND-ALONE ATM 1 1 CARR 123 KM 0.1, BO CANAS PONCE PR 00728 72 38660 113 0701.00 U
PR094911
ESTACIONAMIENTO MUNICIPAL RUPERTO ROQUE PÉREZ
STAND-ALONE ATM 1 1 AVE UNIVERSIDAD INTERAMERICANA # 93, EDIFICIO ROQUE SAN GERMAN
PR 00683 72
32420 125 8405.00 U
PR094921 HOTEL HYATT PLACE
STAND-ALONE ATM 1 1 AVE RAMON LUIS RIVERA BAYAMON PR 00961 72 41980 021 0310.21 MI
PR091121 MOBIL SAGRADO CORAZON STAND-ALONE ATM 1 1 AVE SAN CLAUDIO, CARR PR 845 KM 4 SAN JUAN PR 00926
72 41980 127
0100.22 U
PR094951 SAM's MAYAGUEZ
STAND-ALONE ATM 1 1 WESTERN PLAZA SHOPPING CENTER, CARR 2 KM 149 HM 5, BO ALGARROBO MAYAGUEZ PR 00682 72 32420 097 0815.12 MI
√
PR094981 PUMA VILLA DEL CARMEN STAND-ALONE ATM 1 1 URB VILLA DEL CARMEN, BARRIO LA PLAYA, INT SANTIAGO DE LOS CABALLEROS PONCE PR 00716 72 38660 113 0721.02 U
PR094991 HOTEL HYATT PLACE MANATI STAND-ALONE ATM 1
1 122 CARR PR 2 MANATI PR
00674 72 41980 091 5701.00 MI
PR095001 GARAJE PUMA BOLERA STAND-ALONE ATM 1 1 CARR 189 KM 2.0 CAGUAS PR 00725 72 41980 025 2010.00 L
PR095011 ECONO PLAZA RIAL STAND-ALONE ATM 1 1 CENTRO COMERCIAL PLAZA RIAL, CALLE 1 CANOVANAS
PR 00729 72 41980 029 1005.04 U
√
PR094431 SUC GALERIA CONDADO DR-UP STAND-ALONE ATM 1 1 AVENIDA ROBERTO H. TODD 100 SAN JUAN PR 00907 72 41980 127 0009.00 U
PR095051 ECONO ISABELA STAND-ALONE ATM 1 1
4 CALLE JOSE CELSO BARBOSA ISABELA PR 00662 72 10380 071 4103.00 U
PR095061 ECONO AGUADILLA STAND-ALONE ATM 1 1 AVE VICTORIA 531 AGUADILLA PR 00603 72 10380 005 4011.00 MI
PR095111 GARAJE TOTAL YAUCO STAND-ALONE ATM 1 1 YAUCO SHOPPING CENTER, CARR 116, SECTOR CRUCE 4 CALLES YAUCO PR 00698 72 38660 153 7505.02 MI
√
PR095121 GARAJE TOTAL JAYUYA STAND-ALONE ATM 1 1 84 CALLE GUILLERMO ESTEVEZ JAYUYA
PR 00664 72 99999 073 9561.00 MI
PR095181 FARMACIA NIEVES STAND-ALONE ATM 1 1 16N AVE PRINCIPAL TOA BAJA PR 00953 72 41980 135 5105.02 MI
PR095441 SUPERMAX DE DIEGO STAND-ALONE ATM 1 1 114 AVE DE DIEGO SAN JUAN PR 00907 72 41980 127 0010.00 U
PR095221 ECONO VEGA BAJA PLAZA STAND-ALONE ATM 1 1 VEGA BAJA SHOP CENTER, CARR 2 KM 37 HM 2 VEGA BAJA PR 00693 72 41980 145 5606.00 MO
PR095271 GARAJE PUMA SAN LORENZO STAND-ALONE ATM 1 1 PR 181, SAN LORENZO SAN LORENZO PR
00754
72 41980 129 2202.00 MO
PR095281 ECONO SAN SEBASTIAN STAND-ALONE ATM 1 1 KM 20 HM 3 SAN SEBASTIAN SHOPPING CENTER, PR 111 SAN SEBASTIAN PR 00685 72 10380 131
9592.00 MI
√
PR095311 ECONO CONDADO MODERNO STAND-ALONE ATM 1 1 AVE RAFAEL CORDERO CAGUAS
PR 00725 72 41980 025 2006.00 MI
PR095321 TORRE CHARDON STAND-ALONE ATM 1 1 350 AVE CHARDON SAN JUAN PR 00926 72 41980 127 0105.00 U
PR095351 TEXACO SERVICE STATION STAND-ALONE ATM 1 1
PR 172, KM 0.3, BO CAÑABONCITO
CAGUAS
PR 00725 72 41980 025 2020.00 MO
PR095361 ALCALDIA AGUADILLA STAND-ALONE ATM 1 1 CALLE RUIZ BELVIS AGUADILLA PR 00603 72 10380 005 4008.00 MO
PR095371 SUPERMECADO ECONO LARES STAND-ALONE ATM 1
1 AVE LOS PATRIOTAS, CARR 111, KM 34 LARES PR 00669 72 99999 081 9581.00 MO
PR095381 FARMACIA GLORIANA STAND-ALONE ATM 1 1 CARR 2 KM 96 HM 8 BO COCOS QUEB RADILLAS PR 00768 72 11640 115 3301.00 MI
PR091261 UNIV. SAGRADO CORAZON STAND-ALONE ATM 1 1
CALLE SAN ANTONIO SAN JUAN PR 00909 72 41980 127 0024.00
MI
PR095491 ECONO LOS CAOBOS STAND-ALONE ATM 1 1 BO BUCANA SECTOR FATIMA CARR 1 PONCE PR 00716 72 38660 113 0722.02 U
PR095501 SUPERMAX DORADO STAND-ALONE ATM 1 1 CARR 698 KM 0.1 BO. MAMEYAL DORADO PR 00646 72 41980 051 5402.00
U
√
PR095521 GULF OROCOVIS STAND-ALONE ATM 1 1 CARR 155, KM 31 HM 2, BARRIO GATO OROCOVIS
PR 00720 72 41980 107 9551.00 MO
PR095531 CENTRO AHORROS VILLALBA STAND-ALONE ATM 1 1 TIERRA SANTA PR 149 KM 58 VILLALBA PR 00766 72 38660 149 7205.02 MI
PR095541 MARRIOT ISLA VERDE
STAND-ALONE ATM 1 1 PR187 KM 1 HM 5 AVE. BOCA DE CANGREJO CAROLINA
PR 00979 72 41980 031 0501.11 U
PR095621 HUMACAO PUEBLO STAND-ALONE ATM 1 1 AVE. FONT MARTELO ESQ. FRANCISCO VEGA, HUMACAO SHOPPING CENTER HU MACAO PR 00791 72 41980 069 1806.00 MO
√
PR090551 UNIVERSIDAD POLITECNICA STAND-ALONE ATM 1
1
377 AVE PONCE DE LEÓN
SAN JUAN PR 00917 72 41980 127
0063.00 U
PR095751 VENTANA AL MAR STAND-ALONE ATM 1 1 1054 AVE ASHFORD CONDADO SAN JUAN PR 00907 72 41980 127 0009.00 U
PR095681 MR. SPECIAL PLAZA MAYAGUEZ STAND-ALONE ATM 1 1 CARRETERRA 2 KM 157 HM 3 MAYAGUEZ PR 00680 72 32420 097
0820.12 U
√
PR095731 ALBERGUE OLIMPICO SALINAS STAND-ALONE ATM 1 1 CARR 712 KM 0.3 SALINAS
PR 00751 72 99999 123 9528.00 MI
PR095741 TOTAL COROZAL STAND-ALONE ATM 1 1 PR 159 INT PR 164 COROZAL PR 00783 72 41980 047 5304.00 MO
PR095771 HOTEL SAN JUAN 1 STAND-ALONE ATM 1 1 6063 AVE. ISLA VERDE CAROLINA
PR 00979 72 41980 031 0501.06 U
PR095781
GULF MANATÍ
STAND-ALONE ATM 1 CARR 149, KM 7 HM 5, BARRIO ARRIBA SALIENTE MANATI PR 00674 72 41980 091 5708.00 MI
PR095871 MAYAGUEZ PLAZA STAND-ALONE ATM 1 53 CALLLE DE LA CANDELARIA MAYAGU EZ PR 00680 72 32420 097 0806.00 L
√
PR010581 DORADO PUEBLO 1
STAND-ALONE ATM 1 CALLE MENDEZ VIGO 349, EDIF. PABELLON COMERCIAL DORADO
PR 00646 72 41980 051 5403.00 MO
PR010582 DORADO PUEBLO 2 STAND-ALONE ATM 1 CALLE MENDEZ VIGO 349, EDIF. PABELLON COMERCIAL DORADO PR 00646 72 41980 051 5403.00 MO
PR095881 MOBIL RIO GRANDE STAND-ALONE ATM 1
CARR 955 KM 4 HM 1, BO ZARZAL RIO GRANDE PR 00745 72 41980 119
1306.01 MI
PR095931 ECONO PLAZA FAJARDO STAND-ALONE ATM 1 PLAZA FAJARDO, CARR 3 FAJARDO PR 00738 72 41980 053 1502.00 MI
PR095821 EMBASSY SUITES DORADO STAND-ALONE ATM 1 1 DORADO DEL MAR BLVD 201 DORADO PR 00646 72 41980 051
5402.00 U
Branches opened and closed
BRANCH # BRANCH NAME STATUS DATE ADDRESS COUNTY NAME STATE ZIP NEW CONSOLIDATED BRANCH LOCATION (BRANCH #) # ATM ADDED # ATM DEDUCTED DRIVE-THRU ST MSA COUNTY TRACT LMI
336 CITY VIEW CLOSED
8/26/2022 CARR. 165 KM 1.2 GUAYNABO PR 00968 VALENCIA PARK (165) 2 2 72 41980 061 0402.00 U
58 DORADO CONSOLIDATED 3/31/2023 349 CALLE MENDEZ VIGO EDIF. PABELLON COMERCIAL
DORADO PR 00646 PLAZA DORADA (274) 2
2 72
41980 051
5403.00 MO
192 HIBISCUS ALLEY CONSOLIDATED
8/31/2023 34-35 DRONNINGENS GADE ST THOMAS USVI 00802 MAIN OFFICE (193) 3 1 78
99999 030
9610.00 MO
150 HUMACAO PALMA REAL CONSOLIDATED 4/21/2023 CENTRO COMERCIAL PALMA REAL CARR. 3 KM 77.7 BO RIO ABAJO
HUMACAO PR 00791 HUMACAO PALMA REAL(NUEVA)(150) 2
2 72
41980 069
1805.00 MI
163 JUANA DIAZ (PUEBLO) RELOCATED
12/14/2023 90 CALLE COMERCIO JUANA DIAZ PR 00795 JUANA DIAZ (163) 4 1 72
38660 075
7105.00 MO
392 MAYAGUEZ PLAZA CONSOLIDATED 1/30/2023 53 CALLE MCKINLEY ESTE MAYAGUEZ PR 00680
MÉNDEZ VIGO (206)
1
1
72
32420 097
0806.00 L
253 PLAZA FAJARDO - EXPRESO CONSOLIDATED 11/30/2023 CARR. 3 KM 42, PLAZA FAJARDO SHOPPING CENTER FAJARDO PR
00738
FAJARDO (111) 2 2 72
41980 053
1502.00
MI
332 SUPERMAX DE DIEGO CLOSED 11/30/2023 AVE. DE DIEGO 114 SAN JUAN
PR
00907
CALLE LOÍZA (15)
2 1 72
41980 127
0010.01 U
353 WALMART CAGUAS - EXPRESO CLOSED 11/30/2023 AVE. RAFAEL CORDERO INT. PR 30 CAGUAS
PR
00725 CONDADITO (O48) 1 1 72
41980
025
2006 MI
Deposit Accounts Description Page 1
CREDIT ACCOUNTS DESCRIPTION
2024
Personal Loans
Personal Loans
Apply for a personal loan
1
for anything you want.
The Following Features Apply to all Personal Loans
• You could get a reply and your money the same day
2
• 0 payments for the first 90 days
3
• Discount when you enroll in for Direct Payment
4
• Direct disbursement to your Popular account
5
1Subject to credit approval and to the parameters established by the Bank. Certain restrictions apply.
2Same-day credit decision for applications that contain all the information necessary for evaluation and are received on business days, Monday
to Friday from 8:00 a.m. to 1:00 p.m. EST. Same-day disbursement subject to branch hours and to the customer meeting all approval
requirements. Other restrictions apply.
3You have the option to start paying your loan up to 90 days after disbursement; however, this does not constitute a forgiveness of interest
accrued during this period; said interests will be prorated for the term of the loan. If any applicant is a covered debtor as defined by the Military
Lending Act, the availability of this option is subject to the provisions of that Act.
4A discount from 0.25% up to .50% when you enroll in Direct Payment, may vary by products. Certain restrictions apply.
5Direct loan disbursement to your Popular account requires registration in Mi Banco to process the deposit electronically and applies only to
loans with a single debtor. If the purpose of the loan is to consolidate debts, the electronic disbursement will only allow the consolidation of
debts with Banco Popular and the deposit of the surplus, if any, to a Popular account. Popular may require you to close the credit accounts you
are consolidating. Other terms and conditions may apply.
Unsecured Personal Loan
Get the money you're looking for, for whatever you want!
Features:
•
You can get rates as low as 6.49% APR for 12-month loans when you sign up for Direct
Pay
2
• Consolidate debts
2
loans or credit cards in a single monthly payment.
• Take advantage of our competitive rates that fit your needs and eliminate high-interest
debt.
• Set the time that works best for you to pay off.
Deposit Accounts Description Page 2
• From $2,000 to $75,000
• Terms available from 12 to 84 months, depending on the amount requested2
1 Subject to credit approval. If the purpose of the loan is to consolidate debt, Popular may require you to close the credit accounts you are
consolidating. Certain restrictions apply.
2 Annual Percentage Rate (APR) is from 6.49% APR at the end of 12 months, and with applicable discount, up to 29.99% APR. The APR will be
determined based on your credit history and varies depending on the term chosen. Terms available from 12 to 84 months, depending on the
amount of the loan. New loans start from $2,000 to $75,000. Discount available: 0.50% when you take advantage of Direct Pay. Other discounts
do not apply. Example: A $5,000 loan at 6.49% APR for 12 months, after applicable discount, would pay $431.46 per month. Other terms and
conditions available.
3 You have the option to start repaying your loan up to 90 days after disbursement. However, this does not constitute a write-off of interest
accrued during this period; Such interest will be prorated over the term of the loan. If an applicant is a covered debtor as defined in the Military
Lending Act, the availability of this option is subject to the provisions of the Military Lending Act.
4 Same-day credit decision for applications containing all the necessary information to be evaluated, which are received on weekdays from
Monday to Friday from 8:00 am to 5:00 pm EST. Same-day disbursement subject to service hours of the channel you choose to complete the
process: branches or disbursement through Mi Banco until 4:00 p.m. And for the customer to meet all approval requirements. Other restrictions
apply.
5 Discount: 0.50% when you sign up for Direct Pay. Other discounts do not apply. Certain restrictions apply.
6 Disbursement of the loan through Mi Banco requires registration in Mi Banco Online to process the deposit electronically and applies only to
unsecured loans with a single debtor. If the purpose of the loan is to consolidate debts, the electronic disbursement will only allow the
consolidation of debts with Banco Popular and the deposit of the surplus, if any, in a Popular account.
7 Calculate your monthly payment: Unsecured Loans: Illustrated monthly payment is an estimated calculation using a discounted Direct Payment
APR, depending on the term you choose. Terms available from 12 to 84 months, depending on the amount of the loan.
Secured Personal Loan
Get a fixed APR, while earning interest on your collateral.
Features:
•
Use it for whatever you want from 6.24% APR when you sign up for Direct Pay
2
• Lower APR
•
When the loan is repaid, the collateral is released, plus the interest generated.
•
Earn interest on the loan collateral2
•
Request from $2,000 up to the maximum provided in collateral2
•
Term from 12 to 120 months, depending on the amount requested2
•
0.25% discount when you sign up for Direct Pay2
1 Subject to credit approval and compliance with the parameters offered by Banco Popular. Other terms and conditions apply.
2 Base annual percentage rate (APR) is 6.49%; Minimum rate is 6.24% APR after 0.25% discount when you take advantage of Direct Pay. Terms
available from 12 to 120 months, depending on the amount requested. Maximum loan amount will depend on the collateral offered as
collateral. Example: A $5,000 loan at 6.24% APR for 72 months, after applicable discount, would pay $83.43 per month. Certain restrictions
apply.
Deposit Accounts Description Page 3
3 You have the option to start repaying your loan up to 90 days after disbursement. However, this does not constitute a write-off of interest
accrued during this period; Such interest will be prorated over the term of the loan. If an applicant is a covered debtor as defined in the Military
Lending Act, the availability of this option is subject to the provisions of the Military Lending Act.
4 Same-day credit decision for applications containing all necessary information to be evaluated, which are received on weekdays Monday
through Friday from 8:00 a.m. to 5:00 p.m. EST. Same day disbursement subject to branch hours and customer compliance with all approval
requirements. Other restrictions apply.
5 Calculate your monthly payment: Illustrated monthly payment is an estimated calculation considering the Direct Pay discount to the fixed
base APR.P
CrediAhorro
Save for that special moment or start building your credit history
Features:
• APR as low as 6.24% APR2 then discount when you take advantage of Direct Pay
•
The CrediAhorro loan allows you to place the loan money in a certificate of deposit (CD)
that you will pay for the term you choose.
• This CD becomes collateral and over the term of the loan, it earns interest.
• When you pay off your loan, the bank disburses the money from your CD, plus the interest
earned.
• 100% guarantee with a certificate of deposit2
• Apply from $2,000 to $10,0002
• Term from 12 to 72 months, depending on the amount requested2
• 0.25% discount when you sign up for Direct Pay2
1 Subject to credit approval and compliance with the parameters offered by Banco Popular. Other terms and conditions apply.
2 Base annual percentage rate (APR) is 6.49%; Minimum rate is 6.24% APR after 0.25% discount when you take advantage of Direct Pay. Loans
start from $2,000 to $10,000 with terms ranging from 12 to 72 months, depending on the amount requested. CrediAhorro is a Personal Loan
product with a savings guarantee. The collateral for the loan is a Certificate of Deposit (CD) that will be opened at the time the loan is approved,
placing the approved amount in the loan. This Certificate of Deposit becomes collateral for the loan. After making the corresponding monthly
payments, and at the end of the established term, the money is disbursed, including the interest accrued on the collateral. Example: A $5,000
loan at 72 months at 6.24% APR, after applicable discount, would pay $83.43. Certain restrictions apply.
3 You have the option to start repaying your loan up to 90 days after disbursement. However, this does not constitute a write-off of interest
accrued during this period; Such interest will be prorated over the term of the loan. If an applicant is a covered debtor as defined in the Military
Lending Act, the availability of this option is subject to the provisions of the Military Lending Act.
4 Same-day credit decision for applications containing all necessary information to be evaluated, which are received on weekdays Monday
through Friday from 8:00 a.m. to 5:00 p.m. EST. Same day disbursement subject to branch hours and customer compliance with all approval
requirements. Other restrictions apply.
5 Calculate your monthly payment: Illustrated monthly payment is an estimated calculation considering the Direct Pay discount to the fixed base
APR.
Partially Secured Personal Loan
Deposit Accounts Description Page 4
Lower your annual percentage rate (APR) while increasing your contribution.
Features:
• Get a lower APR by putting a portion of your savings into a certificate of deposit (CD) as
collateral.
• The higher the contribution to the CD, the lower the RWA.
• The CD will earn interest, and upon paying off the loan, the collateral plus the interest
generated is released.
•
New loans from $2,000 to $75,000
2
•
The possibility of providing a guarantee of from 25% to 99% of the amount requested
2
•
A lower APR, the more you contribute as collateral
2
•
Term from 12 to 84 months, depending on the amount requested and collateral
contribution
2
•
0.50% discount when you sign up for Direct Pay
2
•
0 payments for the first 90 days
3
•
Same-day response and money, if you qualify
4
1 Subject to credit approval and compliance with the parameters offered by Banco Popular. Other terms and conditions apply.
2 Annual Percentage Rate (APR) of the unsecured portion is from 6.99% to 29.99% APR, minimum rate will depend on your credit history, the
percentage of collateral to be granted as collateral from 25% to 99%, and varies depending on the term chosen. Terms available from 12 to 84
months, depending on the amount of the loan. New loans start from $2,000 to $75,000. Base rate for insured portion is 6.49% fixed APR. Discount
available: 0.50% when you take advantage of Direct Pay. Other discounts do not apply. Certain restrictions apply. Example: A $5,000 loan for 60
months with 10.74% APR, after applying the available discount and with 75% given in collateral, would be reduced to 7.62% APR and would pay
$100.48 per month. Certain restrictions apply.
3 You have the option to start repaying your loan up to 90 days after disbursement. However, this does not constitute a write-off of interest
accrued during this period; Such interest will be prorated over the term of the loan. If an applicant is a covered debtor as defined in the Military
Lending Act, the availability of this option is subject to the provisions of the Military Lending Act.
4 Same-day credit decision for applications containing all necessary information to be evaluated, which are received on weekdays Monday
through Friday from 8:00 a.m. to 5:00 p.m. EST. Same day disbursement subject to branch hours and customer compliance with all approval
requirements. Other restrictions apply.
Mortgage Loans
FHA Loan
If you're thinking about buying your primary residence, this might be your option:
Benefits:
Deposit Accounts Description Page 5
• Insured by the Federal Housing Administration (FHA).
•
Finance up to 96.5% of your primary residence’s sales price, which lowers the amount of
your down payment.
•
The maximum amount approved will depend on the municipality where the property is
located.
These offers require the applicant to obtain a minimum representative credit score of 740, as defined by Government-Sponsored Enterprises. For
customers who apply no later than March 23, 2024. Customers' qualification must meet the Qualified Mortgage (QM) criteria, as set forth by the
Consumer Financial Protection Bureau. The interest rate on offers published in the media by Popular Mortgage will be in effect for 45 calendar
days from the date of filing, if the application is filed on or before March 23, 2024. Once the application is filed, you will have a period of 45
calendar days to complete the documentation and have it approved. If the application is not approved within the 45 calendar day period, your
interest rate will be revised in accordance with the conventional "conforming" or FHA offer, as applicable, in effect on the date of approval. Once
the loan is approved, a period of 15 calendar days will be established to close the transaction. If you do not close within the 15-day period, the
interest rate will change.
Payments do not include insurance items or contributions and will be higher. The payouts in the examples have been rounded to the nearest
dollar.
1Example: FHA – Requires payment of 4.125% points per discount.
Offer for Federal Housing Administration (FHA) mortgage-insured loans, on one-unit homes, from $100,000 to a maximum of $498,257 or
according to the limits per municipality established by the Agency. For FHA loans with a Loan-to-Value (LTV) of up to 96.5% on sale, 97.75% on
refinancing with no surplus, and 80% with surplus. For streamline loans and loans in certain condominiums, other offers and requirements apply.
VA Home Loan
Are you a veteran, widow(er) of a veteran, or a member of the National Guard? Here's the
solution:
Benefits:
• This option allows you to finance or refinance up to 100% of the property’s price or
appraised value and it’s guaranteed by the Veterans Administration (VA).
Requirements:
• Must meet the agency’s eligibility and qualification requirements.
• This loan may require payment of a funding fee.
These offers require the applicant to obtain a minimum representative credit score of 740, as defined by Government-Sponsored Enterprises. For
customers who apply no later than March 23, 2024. Customers' qualification must meet the Qualified Mortgage (QM) criteria, as set forth by the
Consumer Financial Protection Bureau. The interest rate on offers published in the media by Popular Mortgage will be in effect for 45 calendar
days from the date of filing, if the application is filed on or before March 23, 2024. Once the application is filed, you will have a period of 45
calendar days to complete the documentation and have it approved. If the application is not approved within the 45 calendar day period, your
interest rate will be revised in accordance with the conventional "conforming" or FHA offer, as applicable, in effect on the date of approval. Once
the loan is approved, a period of 15 calendar days will be established to close the transaction. If you do not close within the 15-day period, the
interest rate will change.
Payments do not include insurance items or contributions and will be higher. The payouts in the examples have been rounded to the nearest
dollar.
Streamline
Deposit Accounts Description Page 6
If the time has come to lower your annual interest and/or monthly payment and you have an
FHA, VA, or Rural Development loan, this is the mortgage for you:
Benefits:
• The mortgage application and approval process is simpler because a new appraisal is not
required.
Requirements:
• Must meet the eligibility requirements set by HUD, VA, and Rural Development.\
These offers require the applicant to obtain a minimum representative credit score of 740, as defined by Government-Sponsored Enterprises. For
customers who apply no later than March 23, 2024. Customers' qualification must meet the Qualified Mortgage (QM) criteria, as set forth by the
Consumer Financial Protection Bureau. The interest rate on offers published in the media by Popular Mortgage will be in effect for 45 calendar
days from the date of filing, if the application is filed on or before March 23, 2024. Once the application is filed, you will have a period of 45
calendar days to complete the documentation and have it approved. If the application is not approved within the 45 calendar day period, your
interest rate will be revised in accordance with the conventional "conforming" or FHA offer, as applicable, in effect on the date of approval. Once
the loan is approved, a period of 15 calendar days will be established to close the transaction. If you do not close within the 15-day period, the
interest rate will change.
Payments do not include insurance items or contributions and will be higher. The payouts in the examples have been rounded to the nearest
dollar.
Rural Development
Do you have different options for purchasing a property in a suburban or rural area? This is the
loan you should consider:
Benefits:
• Available to purchase a residence in eligible rural areas.
•
Gives you great savings since it does not require prompt payment, as long as the appraisal
value is equal to or greater than the sale price.
•
Guaranteed by the U.S. Department of Agriculture (USDA).
•
Refinance alternative available for loans that were initially guaranteed by the agency.
These offers require the applicant to obtain a minimum representative credit score of 740, as defined by Government-Sponsored Enterprises. For
customers who apply no later than March 23, 2024. Customers' qualification must meet the Qualified Mortgage (QM) criteria, as set forth by the
Consumer Financial Protection Bureau. The interest rate on offers published in the media by Popular Mortgage will be in effect for 45 calendar
days from the date of filing, if the application is filed on or before March 23, 2024. Once the application is filed, you will have a period of 45
calendar days to complete the documentation and have it approved. If the application is not approved within the 45 calendar day period, your
interest rate will be revised in accordance with the conventional "conforming" or FHA offer, as applicable, in effect on the date of approval. Once
the loan is approved, a period of 15 calendar days will be established to close the transaction. If you do not close within the 15-day period, the
interest rate will change. Payments do not include insurance items or contributions and will be higher. The payouts in the examples have been
rounded to the nearest dollar.
FHA 203k3
More funding, more opportunities:
Deposit Accounts Description Page 7
Benefits:
• Buy or refinance to repair damage and make improvements.
•
Finance up to 110% of your property’s projected appraisal value.
These offers require the applicant to obtain a minimum representative credit score of 740, as defined by Government-Sponsored Enterprises. For
customers who apply no later than March 23, 2024. Customers' qualification must meet the Qualified Mortgage (QM) criteria, as set forth by the
Consumer Financial Protection Bureau. The interest rate on offers published in the media by Popular Mortgage will be in effect for 45 calendar
days from the date of filing, if the application is filed on or before March 23, 2024. Once the application is filed, you will have a period of 45
calendar days to complete the documentation and have it approved. If the application is not approved within the 45 calendar day period, your
interest rate will be revised in accordance with the conventional "conforming" or FHA offer, as applicable, in effect on the date of approval. Once
the loan is approved, a period of 15 calendar days will be established to close the transaction. If you do not close within the 15-day period, the
interest rate will change. Payments do not include insurance items or contributions and will be higher. The payouts in the examples have been
rounded to the nearest dollar.
3Conventional Example – Requires payment of 3.75% points per discount.
Offer for conventional loans "conforming" with an "Approved Eligible" recommendation from FNMA's "DU" system or "Accept Plus" from Freddie
Mac's "LP" system, on first residences of a unit, from $100,000 to a maximum of $766,550 with a maximum Loan-to-Value (LTV) on sales of up to
80%, without private mortgage insurance, and up to 95% with private mortgage insurance. In refinances of first residences, up to 60% LTV with
surplus and 80% without surplus, both without private mortgage insurance, and up to 90% LTV without surplus with private mortgage insurance.
For loans over $766,550, second homes, properties for investment purposes and condominium properties, other offers and requirements apply.
Conventional Conforming
If you are considering a sale or refinancing of a property, whether it is your primary, secondary
or investment residence, this is the ideal mortgage product for you:
Benefits:
• Finance up to $766,550 on one-unit properties, and even more on two- to four-unit
properties.
•
By meeting the requirements set by investors, you will be able to be eligible for more
competitive interest rates.
These offers require the applicant to obtain a minimum representative credit score of 740, as defined by Government-Sponsored Enterprises. For
customers who apply no later than March 23, 2024. Customers' qualification must meet the Qualified Mortgage (QM) criteria, as set forth by the
Consumer Financial Protection Bureau. The interest rate on offers published in the media by Popular Mortgage will be in effect for 45 calendar
days from the date of filing, if the application is filed on or before March 23, 2024. Once the application is filed, you will have a period of 45
calendar days to complete the documentation and have it approved. If the application is not approved within the 45 calendar day period, your
interest rate will be revised in accordance with the conventional "conforming" or FHA offer, as applicable, in effect on the date of approval. Once
the loan is approved, a period of 15 calendar days will be established to close the transaction. If you do not close within the 15-day period, the
interest rate will change. Payments do not include insurance items or contributions and will be higher. The payouts in the examples have been
rounded to the nearest dollar.
Conventional No-Conforme
Are you looking for a loan that gives you flexibility?
Benefits:
Deposit Accounts Description Page 8
• Finance amounts over $766,550 by meeting the requirements established by Popular with
this type of non-conforming conventional loan.
These offers require the applicant to obtain a minimum representative credit score of 740, as defined by Government-Sponsored Enterprises. For
customers who apply no later than March 23, 2024. Customers' qualification must meet the Qualified Mortgage (QM) criteria, as set forth by the
Consumer Financial Protection Bureau. The interest rate on offers published in the media by Popular Mortgage will be in effect for 45 calendar
days from the date of filing, if the application is filed on or before March 23, 2024. Once the application is filed, you will have a period of 45
calendar days to complete the documentation and have it approved. If the application is not approved within the 45 calendar day period, your
interest rate will be revised in accordance with the conventional "conforming" or FHA offer, as applicable, in effect on the date of approval. Once
the loan is approved, a period of 15 calendar days will be established to close the transaction. If you do not close within the 15-day period, the
interest rate will change. Payments do not include insurance items or contributions and will be higher. The payouts in the examples have been
rounded to the nearest dollar.
2Conventional Example – Requires payment of 3.75% points per discount.
Lines of Credit
Reserve Line of Credit
Reserve line of credit
1
Avoid overdrafts and cover unexpected expenses.
• Acceso Popular
• Maxim Premium
• Avance 50
• e-account
• MultiCuenta Popular®
• Cuenta Popular®
• Popular Plus®
How does it work?
Once you apply and are approved, the reserve line of credit will be activated automatically once
your checking section balance falls to zero. It can be approved for amounts from a minimum of
$500 to a maximum of $50,000.
The Annual Percentage Rate (APR) for using the reserve line of credit is 17.99%
1
. The minimum
monthly payment on the line is calculated at the end of each monthly cycle and is automatically
debited from the checking account linked to it.
2
You can also make electronic payments through Mi Banco Online, by calling Telepago Popular®
at 787-724-3652 or 1-888-724-3652. or in any of our sucursales.
1
Subject to credit approval. The 17.99% APR is fixed.
2
The checking account balance must cover the minimum monthly payment of the reserve line of credit, if any. You can make payments to the
reserve at any moment and the Bank will also make consecutive monthly debits to the account if a balance is owed at the end of each billing
cycle. If at the end of the billing period, there is no balance available to make the minimum monthly payment you will be in default. This would
affect your credit history, and your reserve line may be canceled. For additional information about this product, contact us at the telephone
numbers mentioned above. If you already are an accountholder of the mentioned accounts offering this product, you may also refer to your
Deposits Account Agreement for more details.
Deposit Accounts Description Page 9
Individual Credit Cards
Visa Cash Rewards
Get cash back on every purchase you make.
Features:
• Earn 1.5% cash rewards for every $1 in eligible purchases.
1
• $50 welcome bonus after $1,000 in purchases within the first 90 days of opening the
account.
2
• Introductory 1.99% APR on purchases during the first 6 months.
3
• Introductory 0% APR and 0 payments on balance transfers for 12 months on transfers
made within the first 90 days of opening the account.
4
• $0 anual fee
• 17.99% to 30.99% variable APR on purchases and balance transfers.
1Subject to the terms and conditions of the program. For more information of the terms and conditions visit www.popular.com/en/cards/cash-
rewards/terms/.
2Offer applies only to new accounts opened through March 31, 2023. Does not apply to product changes. Welcome bonus will be awarded
after $1,000 on eligible purchases made within the first 90 days of account opening. To receive the bonus, your account must be up to date and
remain open. This limited-time offer may be cancelled at any time without notice. From time to time, we could offer a better welcome bonus
offer, for a limited time. For more information about the accumulation, expiration, and redemption and other terms and conditions, go to
www.popular.com/en/cards/cash-rewards/terms/.
3Subject to credit approval. Offer valid until March 31, 2023 and only for new accounts. Introductory rate of 1.99% annual percentage rate
(APR) for purchases is valid for 6 months from the date the account was opened. After this offer expires, the regular rate for purchases will
apply to the balance owed and to new purchases. Not valid with any other offers. Your account must be kept open and up to date until
expiration of the offer or the offer will be voided.
4Subject to credit approval. Offer applies to accounts opened until March 31, 2023. Introductory rate of 0% APR and 0 payment for balance
transfers is valid from the transfer date for 12 months for balance transfers made within the first 90 days of account opening. Upon expiration
of the offer, the regular rate for balance transfers will apply to the balance owed and to new transfers. Not valid for transfers of other debts
with Banco Popular. Subject to credit line availability. There is no grace period for balance transfers. Your account must be open and up to date
until offer expires, or the offer will be void. Requires minimum monthly payment of purchase balance and other balances not included in this
offer.
Visa Premia® Rewards
Earn points for your purchases and redeem them for a variety of rewards.
Features:
• 1.5 Cash Rewards for every $1 in eligible purchases.
•
10,000 welcome PREMIA® points for accounts opened from February 1 to March 31,
2024, after $1,000 in purchases during the first 90 days of account opening.
Deposit Accounts Description Page 10
•
1.99% introductory APR on purchases for the first 6 months.
3
• 0% introductory APR and 0 payments on balance transfers for 12 months for transfers
made in the first 90 days of opening.
4
• $0 annual fees
• 18.49% to 31.49% variable APR on purchases and balance transfers.
1 Subject to the terms and conditions of the PREMIA® rewards program. For customers who have the PREMIA® Rewards, Indigo Dual, Black
Dual card, membership in the Program is free of charge as long as they maintain one of these products. For more information on terms and
conditions, please visit www.popular.com/terminos-premia/.
2 Offer applies to new accounts only. Does not apply to product exchange. Certain restrictions apply. Welcome bonus after making $1,000 in
eligible purchases in the first 90 days of account opening. Your account must remain in good standing and remain open to receive the bonus.
This offer may be cancelled at any time without notice. From time to time we may offer a better welcome bonus offer, for a limited time. For
more information about accrual, expiry and redemption as well as other terms and conditions, click here.
3 Subject to credit approval. Offer valid until March 31, 2024and for new accounts only. The introductory annual percentage rate (APR) of
1.99% APR on purchases is valid for 6 months from the date the account is opened, after which the regular purchase rate will apply to the
balance due and new purchases. Does not apply in conjunction with other offers. Your account must remain in good standing and remain open
until the expiration of the offer or you will lose the benefits of the offer.
4 Subject to credit approval. Offer applies to accounts opened until March 31, 2024. Introductory rate of 0% APR and 0 payments on balance
transfer valid for 12 months from the date of transfer for transfers made within the first 90 days of account opening. After the expiration of the
offer, the regular balance transfer rate will apply to the balance due and new transfers. It does not apply to transfers of other debts with Banco
Popular. Subject to availability on your line of credit. There is no grace period for balance transfers. Your account must remain in good standing
and remain open until the expiration of the offer or the benefits of the offer will be forfeited. A minimum monthly payment will be required for
balances from purchases and balance transfers that are not covered by this offer.
5
Subject to Policy Terms and Conditions. Call 787.758.0505 or toll free at 1.800.981.9505 for details. Insurance applies when paying for the
transaction in full with the card.
AA Advantage® Visa Signature Plus
For those who believe in having more than one destination.
Features:
•
3 miles AAdvantage
®
for every $1 spent on purchases on American Airlines, hotels
(including resorts, timeshares, Airbnb and hostels) and car rentals.
1
•
1 mile AAdvantage
®
for every $1 on all other purchases.
1
•
There is no limit on the number of AAdvantage miles
®
that you can earn on purchases
through the use of the Popular / AAdvantage Signature Plus card.
®
•
Up to 50,000 AAdvantage Welcome Miles for New Accounts:
®
$40,000 when making
$3,000 in purchases in the first 90 days of account opening and an additional $10,000
after making $25,000 in purchases within the first 12 months of account opening.
2
•
1.99% introductory APR on purchases for the first 6 months.
3
•
0% introductory APR and 0 payments on balance transfers for 12 months for transfers
made in the first 90 days of opening.
4
• $50 annual fee
Deposit Accounts Description Page 11
• 18.49% to 31.49% APR on purchases and balance transfers.
1 Earn three (3) AAdvantage® miles for every $1 in eligible purchases billed by American Airlines as a merchant of record through American
Airlines channels (AA.com, reservation center, airport, and American Airlines service centers). Also, earn 3 miles for every $1 spent on hotels
and car rentals. Each merchant, for example, a retailer, a business, or any other place where you can make a purchase, is assigned a code that
indicates the merchant's primary area of business. We do not assign or have any control over merchant codes. Codes are assigned by a third
party. When you make a purchase at a merchant, we are provided with the code for that merchant and if the code matches a category that
gives you extra miles, you will earn the extra miles. Because we don't control which code is assigned to a merchant, sometimes a purchase that
you think fits into a certain category may not earn additional miles. Banco Popular reserves the right to determine which purchases qualify for
this offer. Earn one (1) AAdvantage® mile for every $1 on all other purchases. Mileage may be earned on purchases made by the credit card
holder and authorized users. Balance transfers, cash advances, checks accessing your credit account, items and services returned for credit,
unauthorized charges, interest charges, and transaction/penalty fees, traveler's checks, foreign currency purchases, money orders, wire
transfers (and similar cash transactions), lottery tickets, and gaming chips (and similar wagering transactions) do not earn miles. Mileage earned
will be posted to the primary AAdvantage® credit cardholder's account in 8-10 weeks. There is no limit to the number of AAdvantage® miles you
can earn on purchases through the use of the Popular/AAdvantage® Signature Plus card as long as the program continues and your account
remains open and current.
2 Applies to new accounts only. AAdvantage® miles will appear as a bonus in the cardholder's AAdvantage® account within 8-10 weeks of
making the purchase requirement. Credit card account must be current and open to qualify for the AAdvantage® mileage bonus. This limited-
time offer may be cancelled at any time without notice. The mileage bonus does not apply to product exchange. From time to time we may
offer a better welcome bonus offer, for a limited time.
3 Subject to credit approval. Offer valid until March 31, 2024 and for new accounts only. The introductory annual percentage rate (APR) of
1.99% APR on purchases is valid for 6 months from the date of account opening, then apply to the purchase rate. the regular rate of purchases
to balance due and new purchases. Does not apply in conjunction with other offers. Your account must remain in good standing and remain
open until the expiration of the offer or else you will lose the benefits of the offer and only for new accounts. The introductory rate on
purchases is valid for 6 months from the date of account opening, after which the regular purchase rate will apply to the balance due and new
purchases. Does not apply in conjunction with other offers. Your account must remain in good standing and remain open until the expiration of
the offer or you will lose the benefits of the offer.
4 Subject to credit approval. Offer applies to accounts opened until March 31, 2024. Introductory rate of 0% APR and 0 payments on balance
transfer valid for 12 months from the date of transfer for transfers made within the first 90 days of account opening. After the expiration of the
offer, the regular balance transfer rate will apply to the balance due and new transfers. It does not apply to transfers of other debts with Banco
Popular. Subject to availability on your line of credit. There is no grace period for balance transfers. Your account must remain in good standing
and remain open until the expiration of the offer or the benefits of the offer will be forfeited. A minimum monthly payment will be required for
balances from purchases and balance transfers that are not covered by this offer.
5 Preferred boarding for the primary cardholder with up to 4 companions on the same reservation for all flights operated by American Airlines.
The Popular/AAdvantage® Signature Plus card must be open 7 days prior to travel and the reservation must include the primary cardholder's
American Airlines AAdvantage® membership number 7 days prior to travel. If the Popular/AAdvantage® Signature Plus card is closed for any
reason, this benefit will be cancelled. This benefit will not be available for travel on codeshare flights booked with an American Airlines flight
number, but operated by another airline. Up to four (4) companions on the same trip and listed on the same reservation as the credit
cardholder are eligible to board with the credit cardholder. Applicable terms and conditions are subject to change without notice. Eligible credit
cardholders will board after completing Preferred Boarding, but before the remainder of regular Boarding. The boarding benefit will show
Group 5. This benefit applies to flights marketed and operated by American Airlines, or flights marketed by American Airlines and operated as
American Eagle® by Compass Airlines, LLC, Envoy Air Inc., ExpressJet Airlines, Inc., Mesa Airlines, Inc., Republic Airline Inc., PSA Airlines, Inc.,
Piedmont Airlines, Inc., Air Wisconsin Airline Corp., SkyWest Airlines, Inc., or Trans States Airlines, LLC.
6 Subject to Policy Terms and Conditions. Call 787.758.0505 or toll free at 1.800.981.9505 for details. Insurance applies when paying for the
transaction in full with the card.
JetBlue Mastercard
Use it NOW to travel THERE.
Deposit Accounts Description Page 12
Features:
•
2X TrueBlue points for every $1 in JetBlue purchases.
1
•
1X TrueBlue point for every $1 on all other purchases.
1
• Group Points, earn and share TrueBlue points with your group.
•
5,000 welcome TrueBlue points after $1,000 in purchases during the first 90 days of
opening.
2
•
1.99% introductory APR on purchases for the first 6 months.
3
•
0% introductory APR and 0 payments on balance transfers for 12 months for transfers
made in the first 90 days of opening.
4
• $0 annual fee
• 18.49% to 31.49% Variable APR on purchases and balance transfers.
1 Accrual of TrueBlue Points: If you included the TrueBlue membership number in the application, we will automatically add that number to
your Account. If the TrueBlue membership number you provided is invalid or you did not provide us with a TrueBlue membership number, a
new number will be assigned. Only one TrueBlue number per Account will be established and assigned to the primary cardholder. You earn
TrueBlue points for purchases, less credits, returns, and adjustments ("Net Purchases") made by you and/or any authorized user of the Account
as follows: three (3) TrueBlue points for every dollar ($1.00) in eligible Net Purchases on tickets, goods and services purchased directly from
JetBlue ("JetBlue Purchases") for the JetBlue Mastercard Eleva card and two (2) TrueBlue points for every dollar ($1.00) in eligible Net Ticket
Purchases, goods and services purchased directly from JetBlue ("JetBlue Purchases") for the JetBlue Mastercard. You earn one (1) TrueBlue
point for every dollar ($1.00) of Net Purchases made anywhere else. Balance transfers, cash advances (including cash equivalent transactions),
fees, interest charges, and unauthorized/fraudulent purchases do not earn TrueBlue points.
2 The welcome bonus only applies to new accounts. TrueBlue points will appear as a one-time bonus in your TrueBlue account 8-10 weeks after
you meet the purchase requirement in the first 90 days of opening. Account must be open and in good standing to qualify for welcome points.
This offer may be cancelled at any time without notice. The offer of welcome bonus points does not apply to product exchange. From time to
time we may offer a better welcome bonus offer, for a limited time.
3 Subject to credit approval. Offer valid until March 31, 2024 and for new accounts only. The introductory annual percentage rate (APR) of
1.99% APR on purchases is valid for 6 months from the date the account is opened, after which the regular purchase rate will apply to the
balance due and new purchases. Does not apply in conjunction with other offers. Your account must remain in good standing and remain open
until the expiration of the offer or you will lose the benefits of the offer.
4 Subject to credit approval. Offer applies to accounts opened until March 31, 2024. Introductory rate of 0% APR and 0 payments on balance
transfer valid for 12 months from the date of transfer for transfers made within the first 90 days of account opening. After the expiration of the
offer, the regular balance transfer rate will apply to the balance due and new transfers. It does not apply to transfers of other debts with Banco
Popular. Subject to availability on your line of credit. There is no grace period for balance transfers. Your account must remain in good standing
and remain open until the expiration of the offer or the benefits of the offer will be forfeited. A minimum monthly payment will be required for
balances from purchases and balance transfers that are not covered by this offer.
5 Cardholders who are in good standing on their account will qualify for a 50% discount on eligible food and beverage purchases on board. This
savings will appear as a statement credit 4-6 weeks after the transaction posts to the Credit Card Account.
6 The $50 credit will be received upon purchase of a JetBlue Vacations Package for each calendar year you purchase a JetBlue Vacations
package of fifty dollars ($50) or more with your JetBlue Mastercard at jetbluevacations.com or 1-844-528-2229. Purchase must be $50 or more,
minus returns and credits, to receive this benefit. Limit one credit of $50 per calendar year per Account. Your JetBlue Mastercard will bill you
for the full price of the JetBlue Vacations package. The $50 statement credit will appear 6-8 weeks after the transaction is posted. You will not
be eligible to receive the statement credit if the JetBlue Mastercard is closed or in breach of the Credit Card Agreement.
JetBlue Mastercard Eleva
Deposit Accounts Description Page 13
Use it NOW to travel THERE
Features:
•
3X TrueBlue points for every $1 spent on JetBlue purchases.
1
•
1X TrueBlue point for every $1 on all other purchases.
1
• Group Points, earn and share TrueBlue points with your group.
•
25,000 welcome TrueBlue points after $3,000 in purchases during the first 90 days of
opening.
2
•
1.99% introductory APR on purchases for the first 6 months.
3
•
0% introductory APR and 0 payments on balance transfers for 12 months for transfers
made in the first 90 days of opening.
4
• $99 annual fee
•
18.49% to 31.49% Variable APR on purchases and balance transfers.
7
With JetBlue Mastercard Eleva you get:
• Free first bag for cardholder and up to 3 companions on JetBlue flights.5
• TrueBlue Mosaic Status after $50,000 in purchases per calendar year.6
• Zero foreign currency conversion fee.
• 50% discount on eligible onboard purchases.7
• $100 credit once a year when you purchase a JetBlue Vacations package of $100 or
more.8
• Points do not expire and can be redeemed for any seat, at any time, with no blackout
dates.
1 Accrual of TrueBlue Points: If you included the TrueBlue membership number in the application, we will automatically add that number to your
Account. If the TrueBlue membership number you provided is invalid or you did not provide us with a TrueBlue membership number, a new
number will be assigned. Only one TrueBlue number per Account will be established and assigned to the primary cardholder. You earn TrueBlue
points for purchases, less credits, returns, and adjustments ("Net Purchases") made by you and/or any authorized user of the Account as follows:
three (3) TrueBlue points for every dollar ($1.00) in eligible Net Purchases on tickets, goods and services purchased directly from JetBlue ("JetBlue
Purchases") for the JetBlue Mastercard Eleva card and two (2) TrueBlue points for every dollar ($1.00) in eligible Net Ticket Purchases, goods and
services purchased directly from JetBlue ("JetBlue Purchases") for the JetBlue Mastercard. You earn one (1) TrueBlue point for every dollar ($1.00)
of Net Purchases made anywhere else. Balance transfers, cash advances (including cash equivalent transactions), fees, interest charges, and
unauthorized/fraudulent purchases do not earn TrueBlue points.
2 The welcome bonus only applies to new accounts. TrueBlue points will appear as a one-time bonus in your TrueBlue account 8-10 weeks after
you meet the purchase requirement in the first 90 days of opening. Account must be open and in good standing to qualify for welcome points.
This offer may be cancelled at any time without notice. The offer of welcome bonus points does not apply to product exchange. From time to
time we may offer a better welcome bonus offer, for a limited time.
3 Subject to credit approval. Offer valid until March 31, 2024 and for new accounts only. The introductory annual percentage rate (APR) of 1.99%
APR on purchases is valid for 6 months from the date the account is opened, after which the regular purchase rate will apply to the balance due
and new purchases. Does not apply in conjunction with other offers. Your account must remain in good standing and remain open until the
Deposit Accounts Description Page 14
expiration of the offer or you will lose the benefits of the offer.
4Subject to credit approval. Offer applies to accounts opened until March 31, 2024. Introductory rate of 0% APR and 0 payments on balance
transfer valid for 12 months from the date of transfer for transfers made within the first 90 days of account opening. After the expiration of the
offer, the regular balance transfer rate will apply to the balance due and new transfers. It does not apply to transfers of other debts with Banco
Popular. Subject to availability on your line of credit. There is no grace period for balance transfers. Your account must remain in good standing
and remain open until the expiration of the offer or the benefits of the offer will be forfeited. A minimum monthly payment will be required for
balances from purchases and balance transfers that are not covered by this offer.
5 Free first bag for cardholder and up to 3 companions on the same reservation on JetBlue-operated flights. Tickets must be purchased with the
JetBlue Mastercard Eleva card and the TrueBlue account number of the primary JetBlue Mastercard Eleva card member must be provided at the
time of booking. This benefit is not available for travel on codeshare flights booked with a JetBlue flight number but operated by another airline.
To be eligible, the JetBlue Mastercard Eleva must be open seven (7) days prior to travel and the reservation must include the cardholder's TrueBlue
membership number seven (7) days prior to travel. If your JetBlue Mastercard Eleva is closed for any reason, these benefits will be cancelled.
Applicable terms and conditions are subject to change without notice. Visit jetblue.com/travel/baggage/ for baggage size and weight restrictions.
6 Mosaic, JetBlue's highest loyalty level, offers points, benefits and additional perks. The primary cardholder will qualify for Mosaic after posting
$50,000 in Net Purchases (based on the date of the transaction) made between January 1 and December 31 each calendar year. Mosaic is earned
in addition to the TrueBlue points earned for Net Purchases made on the Account. Net Purchases exclude returned products and services, cash
advances, convenience checks, transferred balances, credits, fees, fees, and interest charges. Purchases made by authorized users will count
toward the primary cardholder's eligibility. Please allow 4-6 weeks to receive the Mosaic level once you have qualified. Cardholders who qualify
for Mosaic will be eligible for the remainder of the current calendar year and the following calendar year. Visit jetblue.com for full details of the
Mosaic program.
7Cardholders who are in good standing on their account will qualify for a 50% discount on eligible food and beverage purchases on board. This
savings will appear as a statement credit 4-6 weeks after the transaction posts to the Credit Card Account.
8For each calendar year you purchase a JetBlue Vacations package of $100 or more with your JetBlue Mastercard Eleva at jetbluevacations.com
or 1-844-528-2229, you'll receive a $100 statement credit. Your purchase must be $100 or more, minus returns and credits, to receive this benefit.
Limit one credit of $100 per calendar year per account. Your JetBlue Mastercard will bill you for the full price of the JetBlue Vacations package.
The statement credit will appear 6-8 weeks after the transaction is posted. You will not be eligible to receive the statement credit if the JetBlue
Mastercard is closed or in breach of the Credit Card Agreement. Jet Blue and TrueBlue are registered trademarks of Jet Blue Airways Corporation.
Black Dual
Two brands in one account for those who want more.
Features:
• 2 REWARD points
®
for every $1 in eligible purchases.
1
o Choose how to redeem:
o Passages
o Hotels
o Cruises
o Car Rental
o Cash
o Digital Gift Cards
•
40,000 REWARD points
®
welcome after $3,000 in purchases during the first 90 days of
account opening.
2
•
1.99% introductory APR on purchases for the first 6 months.
3
•
0% introductory APR and 0 payments on balance transfers for 12 months for transfers
made in the first 90 days of opening.
4
• $150 annual fee
• 18.49% to 31.49% Variable APR on purchases and balance transfers.
1
Subject to the terms and conditions of the PREMIA
®
program (the Program). For customers who have the PREMIA
®
Rewards, Indigo Dual, or
Black Dual card, annual membership for the Program is free while you have that card. For more information about the accumulation,
expiration, and use of points and about other terms and conditions.
2
Offer applies to new accounts opened through March 31, 2023. Does not
apply to product change. Welcome bonus will be awarded 4 to 6 weeks after $3,000 in purchases in the first 90 days after opening the account.
Deposit Accounts Description Page 15
To receive the bonus, your account must be up to date and remain open. This limited-time offer may be canceled at any time without notice.
From time to time, we could offer a better welcome bonus offer, for a limited time. For more information about the accumulation, expiration,
and use of points and about other terms and conditions.
3
Subject to credit approval. Offer valid until March 31, 2023, and only for new accounts. Introductory rate of 1.99% for purchases is valid for 6
months from the date the account was opened. After this offer expires, the regular rate for purchases will apply to the balance owed and to
new purchases. Not valid with any other offers. Your account must be kept open and up to date until expiration of the offer or the offer will be
voided.
4
Subject to credit approval. Offer applies to accounts opened until March 31, 2023. Introductory rate of 0% APR and 0 payment for balance
transfers is valid from the transfer date for 12 months for balance transfers made within the first 90 days of account opening. Upon expiration
of the offer, the regular rate for balance transfers will apply to the balance owed and to new transfers. Not valid for transfers of other debts
with Banco Popular. Subject to credit line availability. There is no grace period for balance transfers. Your account must be open and up to date
until offer expires, or the offer will be void. Requires minimum monthly payment of purchase balance and other balances not included in this
offer.
Visa Icon
The first step to start building a good credit history
Features:
•
Introductory APR of 1.99% Line of credit of up to $1,500
• 1.99% introductory APR on purchases for the first 6 months.
•
18.49% to 31.49% Variable APR on purchases and balance transfers.
•
0% introductory APR and 0 payments on balance transfers for 12 months for transfers
made in the first 90 days of opening.
•
29.24% to 33.24% APR for Cash Advances when you open your account, based on your
creditworthiness. This APR will vary with the market based on the Prime Rate.
1
Regular Rate / Annual Fee
• $0 Annual Fee
• $0 Additional Card Fee
• Transactional fee for cash advances and convenience checks of 2% of the amount of
each transaction (minimum $2; maximum $10)
1 For each billing period, the Interest Charge and APR will be determined by adding the Prime Rate, as published by the Wall Street Journal, to a
margin. The variable rates illustrated are based on a Prime Rate of 8.25% in effect May 4, 2023.
Commercial Credit Cards
Deposit Accounts Description Page 16
PREMIA® Business Rewards
2
Earn rewards on every purchase made for your business with a $0 annual fee
Rewards:
The new PREMIA Business Rewards gives you automatic enrollment in the renewed PREMIA
program
®®2
, at no additional cost, which allows you to accumulate:
• 10,000 welcome points, after making $3,000 in purchases in the first 90 days of
opening3
• 2x points for every $1 spent on purchases at restaurants, telecommunications, gas
stations, and office supplies
• 1x point for every $1 on all other purchases
• No annual points limit
• Access to view your points balance from My Bank4
• Variety of options to redeem your points and convert them into cash, travel, and gift
cards
Regular Rate / Annual Fee
• 17.99% to 30.99% APR on purchases
7
• $0 annual fee
• $0 additional card fee
• Line of credit starting from $2,000
Additional benefits:
• Access to the Commercial Credit Card Manager
5
platform to manage your credit card
online as an administrator or as a cardholder
• Insurances and additional services for your business
6
Subject to credit approval. APR is variable and may change. The applicable APR for purchases, balance transfers from other institutions,
and convenience checks is from 17.99% to 30.99%. The applicable APR for cash advances is from 28.99% to 32.99%. The APR will be
calculated based on the U.S. Prime Rate published by the Wall Street Journal, plus a margin. These APRs will depend on your credit history
and Prime Rate when evaluating your application. $40 late fee. $10 returned paycheck fee. Regular fee for cash advances, balance
transfers, and convenience checks: 2% of the amount; minimum $2, maximum $10. Grace period of at least 21 days for purchases. The
balance is calculated based on the average daily balance (including new purchases).
2Subject to the terms and conditions of the PREMIA® Program. For information on accumulation, expiry and use of points, as well as other
terms and conditions, please visit popular.com/terminos-programa-premia.
3Welcome bonus will appear on the statement 4-6 weeks after $3,000 in purchases in the first 90 days of account opening. The account
must remain in good standing and remain open to receive the bonus. Offer only applies to new accounts. Does not apply to product
exchange.
4You can view your PREMIA® points through Mi Banco Online; and in Mi Banco Comercial if you are registered with your personal social
security. In addition, you can call 1.800.3PREMIA (1.800.377.3642) to get the points balance.
Deposit Accounts Description Page 17
5Free service.
6Subject to terms and conditions of the Policy. Call 787.758.0505 or toll free at 1.800.981.9505 for details.
7APR is variable and may change. The APR is calculated based on the Prime Rate published by The Wall Street Journal, plus a margin. This
APR will depend on your credit history and Prime Rate at the time of evaluating your application.
PREMIA® Business Rewards Max
1
Earn more rewards for your business purchases and get premium profits.
Rewards:
With the PREMIA Business Rewards Max you receive automatic enrollment in the renewed
PREMIA program®®2, at no additional cost, which allows you to accumulate:
• 30,000 welcome points, after making $5,000 in purchases in the first 90 days of opening.
• 3x points for every $1 spent on travel (airlines and hotels), restaurants,
telecommunications, gas stations and office supplies purchases
• 1x point for every $1 on all other purchases
• No annual points limit
• Access to view your points balance from My Bank4
• Variety of options to redeem your points and convert them into cash, travel, and gift cards
Regular Rate / Annual Fee
• 17.99% to 30.99% APR on purchases
7
• $95 annual fee
• $0 additional card fee
• Line of credit starting from $5,000
Additional benefits:
• Access to the Commercial Credit Card Manager platform5 To manage your credit cards online,
as an administrator, or as a cardholder
• Insurance and additional services for your business6
1Subject to credit approval. APR is variable and may change. The applicable APR for purchases, balance transfers from other institutions, and
convenience checks is from 17.99% to 30.99%. The applicable APR for cash advances is from 28.99% to 32.99%. The APR will be calculated
based on the U.S. Prime Rate published by the Wall Street Journal, plus a margin. These APRs will depend on your credit history and Prime Rate
when evaluating your application. $40 late fee. $10 returned paycheck fee. Regular fee for cash advances, balance transfers, and convenience
checks: 2% of the amount; minimum $2, maximum $10. Grace period of at least 21 days for purchases. The balance is calculated based on the
average daily balance (including new purchases).
2Subject to the terms and conditions of the PREMIA® Program. For information on accumulation, expiry and use of points, as well as other
terms and conditions, please visit popular.com/terminos-programa-premia.
3Welcome bonus will appear on the statement 4-6 weeks after $5,000 in purchases in the first 90 days of account opening. The account must
remain in good standing and remain open to receive the bonus. Offer only applies to new accounts. Does not apply to product exchange.
4You can view your PREMIA® points through Mi Banco Online; and in Mi Banco Comercial if you are registered with your personal social
security. In addition, you can call 1.800.3PREMIA (1.800.377.3642) to get the points balance.
5Free service.
6Subject to terms and conditions of the Policy. Call 787.758.0505 or toll free at 1.800.981.9505 for details.
Deposit Accounts Description Page 18
7APR is variable and may change. The APR is calculated based on the Prime Rate published by The Wall Street Journal, plus a margin. This APR
will depend on your credit history and Prime Rate at the time of evaluating your application.
Visa Corporate
.
It is the credit card specially designed to maximize your company's budget and control
expenses.
Rewards:
• Lines of credit from $10,000 and up.
• You'll be able to issue an individual card with an authorized credit limit to each
employee.
• Each employee can have an individual card number and will receive their own
statement.
Regular Rate / Annual Fee
• 15.95% APR on purchases and transfers
• $20 Annual Fee per card
• Down payment of US$200
Additional benefits:
• Protection against unauthorized charges. Shop at your favorite retailers with the
assurance that you won't be responsible for purchases made without your
authorization.
• Ease of making payments, checking balances and your account statement at anytime
from anywhere through www.popular.com.
• Call 787.294.2580 or 1.877.294.2580 to verify your account information and we'll serve
your needs, every day, all year round.
• Worldwide car rental insurance. Protection and coverage when renting and paying with your
Visa in case the rented car is damaged or lost.
• International Emergency Medical Services.
• Corporate Responsibility Relay Program.
Regular rate for purchases and balance transfers: 15.95% APR. Regular Rate for Cash Advances: 18.95% APR. Default Fee: 19.95% APR.
Returned Paycheck Fee: $10. Cash advance fee: 2% of the amount, minimum $2 and maximum $10.
2All extensions of credit, whether through credit cards, lines of credit, or loans, are subject to credit approval.
3It does not apply to unauthorized use by the employee.
4Subject to Policy Terms and Conditions. Call 787.758.0505 or toll free at 1.800.981.9505 for details. Insurance applies when paying for the
transaction in full with the card.
Commercial Loans and Credit Lines
Commercial Loan
Deposit Accounts Description Page 19
With a commercial loan you can obtain financing to expand your business, buy property and/or
equipment, and refinance your debts. In addition, we offer you the alternative of obtaining
financing with a government guarantee.
Benefits:
• Competitive interest rates and convenient payment plans
• Convenient automatic debit option
• Term longer than one year
Our experts will guide you on the possibility of guaranteeing the loan through programs offered
by the Small Business Administration (SBA). As an SBA-accredited preferred lender we
offer term-loan alternatives of up to $5,000,000 with a guarantee starting at 50%
2
.
1
Any extension of credit, whether through credit cards, lines of credit or loans, is subject to credit approval. Certain conditions apply.
2
A 100% of the financing will be evaluated according to SBA requirements for established businesses with adequate capitalization. Other terms
and conditions may apply.
Government Guaranteed Loans
We offer financing through the Small Business Administration (SBA) that eases the access to loans
to solve your credit needs.
Features:
Guarantee loans through programs offered by the Small Business Administration (SBA). As an
SBA-accredited preferred lender we offer term-loan alternatives of up to $5,000,000 with a
guarantee starting at 50%
2
.
1Any extension of credit, whether through credit cards, lines of credit, or loans, is subject to credit approval. Certain conditions apply.
2100% of the financing will be assessed against SBA requirements for established businesses that are adequately capitalized. Other terms and
conditions may apply.
Line of credit
The line of credit is a type of financing that gives you access to a certain amount of funds in case
you need cash and provides you with the convenience of being able to access the funds when
necessary. In addition, we offer you the alternative of obtaining financing with a government
guarantee.
Benefits:
• Financing for working capital
• Generally revolving credit, that matures every 12 months
Deposit Accounts Description Page 20
• Pay interest over the amount used
• Comfortable automatic debit option
In addition, we have a line of credit tied to your commercial account
1
that offers you:
• Cash flow availability to cover expenses
3
• Protection against checks without funds, late payments and unexpected fees
3
• Convenient automatic fund advances in your business account
3
1 Any extension of credit, whether through credit cards, lines of credit or loans, is subject to credit approval. Certain conditions apply.
3 Subject to availability of funds in the line of credit. Other terms and conditions may apply.
Government Guaranteed Lines of Credit
Guarantee a line of credit through programs offered by the Small Business Administration1
(SBA). As an SBA-accredited preferred lender, we offer line of credit alternatives up to $500,000
with 50% collateral2.
1Any extension of credit, whether through credit cards, lines of credit, or loans, is subject to credit approval. Certain conditions apply.
2100% of the financing will be assessed against SBA requirements for established businesses that are adequately capitalized. Other terms and
conditions may apply.
Flexi-Lines/Ideal Business
Lines of credit intended to cover the need of small and medium-sized businesses to convert
current assets (accounts receivable and inventory) to cash and/or cover operational expenses.
Features:
• The line ranges from $10,000 up to a maximum of $250,000.
•
The customer has two ways to activate or use the line of credit:
o issue a check, once the available balance in the checking section and
the investment section of the account is used up;
o issue a check directly against the line of credit, regardless of the
balance in the checking or investment sections.
Annual Fee:
• $10,000 = $200
• $10,001 to $25,000 = $250
• $25,001 to $50,000 = $300
• $50,001 to $100,000 = $350
• $100,001 to $150,000 = $400
• $150,001 to $250,000 = $450
Interest Rates
Deposit Accounts Description Page 21
• The interest charged on the funds used will be based on a margin above the
prime rate and will vary depending on the customer’s credit risk rating and
collateral.
•
This finance charge will be debited monthly from the customer’s checking
account.
•
The payment of principal will depend on the minimum payment and
frequency negotiated between the Officer and the customer.
Payment structure
• Daily - The system will debit daily the funds that are deposited in the checking
account until the debt is retired. The customer must make a minimum
payment of 1/24 of the total debt by the close of the month. Commercial
Credit Manual Section III- February 2024 17
• Monthly - The system will debit monthly the funds that are deposited in the
checking account for one twelfth (1/12), one twenty-fourth (1/24), one
thirty-sixth (1/36), one third (1/3) or 100% of the total debt at the close of
the month.
• Quarterly – Every three months, the system will debit funds that are deposited
in the checking account totaling one fourth (¼) or 100% of the balance due
at the closing date of the cycle.
1 Any extension of credit, whether through credit cards, lines of credit or loans, is subject to credit approval. Certain conditions apply.
3 Subject to availability of funds in the line of credit. Other terms and conditions may apply.
BSmart Line of Credit
Line of Credit aimed at individuals in business (Doing Business As or DBAs) who need to convert
current assets (accounts receivable and inventory) to cash or to cover small business
operational expenses.
Features:
• This line ranges from $5,000 up to a maximum of $100,000.
•
The customer has two ways to activate or use the line of credit:
Deposit Accounts Description Page 22
o issue a check, once the available balance in the checking section and
the investment section of the account is used up;
o issue a check directly against the line of credit, regardless of the
balance in the checking or investment sections.
Annual Fee:
• $5,000 to $9,999 = $50
• $10,000 = $100
• $10,001 to $25,000 = $200
• $25,001 to $50,000 = $300
• $50,001 to $100,000 = $350
Interest Rates
• The interest charged on the funds used will be based on a margin above the
prime rate and will vary depending on the customer’s credit risk rating and
collateral.
•
This finance charge will be debited monthly from the customer’s checking
account.
•
The payment of principal will depend on the minimum payment and
frequency negotiated between the Officer and the customer.
Payment structure
• Daily - The system will debit daily the funds that are deposited in the checking
account until the debt is retired. The customer must make a minimum payment of
1/24 of the total debt by the close of the month.
Deposit Accounts Description Page 23
1 Any extension of credit, whether through credit cards, lines of credit or loans, is subject to credit approval. Certain conditions apply.
3 Subject to availability of funds in the line of credit. Other terms and conditions may apply.
Start-Up
Commercial program designed for startup business owners.
Features:
• Loans up to $50,000 designed for StartUps
• Business account with 12 months free of service charge
• Access to Mi Banco Comercial with 12 months free of charge3
• Business Coaching free of charge during the term of the loan
• Networking events to connect with other entrepreneur
• Term loan of 4 years
Loan Payment Structure:
• Months 1 through 6 months - Interest only payments at 3%
•
Months 7 through 12 - Interest at 6% and principal amortization of 1% per month
•
Months 13 through 48 - Outstanding balance is amortized over 36 months at a rate of
6%.
Additional financial components
• Up to one-year revolving facilities for working capital at P + 5.00%.
• Commercial credit cards at a rate determined upon credit evaluation.
• A business coach free of charge during the term of the loan. This service will be provided
by an external organization: 100Ventures Business Accelerator.
Deposit Accounts Description Page 24
• Business checking account with 12 months free of services charges. After these 12
months, regular account charges apply.
• Online banking with 12 months free of access charge. After these 12 months, regular
access charges apply.
• The funds may be used for: equipment purchases, leasehold improvements, inventory,
marketing and working capital, among others.
• The loan may not be used for neither the repayment of any outstanding debts the
borrower may have (credit cards, personal loans, etc.), nor real estate acquisition.
Subject to credit approval. The program is part of a limited fund, funds will be awarded to the first qualifying customers while the
funds are available.
2Member FDIC. Available for FlexiBusiness Account and B-Smart accounts; After 12 months, regular account charges will apply. Visit
®®popular.com/cuentas-comerciales for more information. These services are not available in countries that are subject to the U.S.
Treasury (OFAC), trade embargoes, or economic sanctions programs.
3After the 12 months, the regular fees of Mi Banco Comercial will apply. Visit popular.com/mibanco-comercial or contact us for
more information on service charges and promotional offers.
4If you need help filling out the balance sheet, income and expenses, or income and expense projections, you can use the templates
provided.
Mortgage Loans
FHA Loan
If you're thinking about buying your primary residence, this might be your option:
Benefits:
• Insured by the Federal Housing Administration (FHA).
• Finance up to 96.5% of your primary residence’s sales price, which lowers the amount of
your down payment.
• The maximum amount approved will depend on the municipality where the property is
located.
These offers require the applicant to obtain a minimum representative credit score of 740, as defined by Government-Sponsored Enterprises. For
customers who apply no later than March 23, 2024. Customers' qualification must meet the Qualified Mortgage (QM) criteria, as set forth by the
Consumer Financial Protection Bureau. The interest rate on offers published in the media by Popular Mortgage will be in effect for 45 calendar
days from the date of filing, if the application is filed on or before March 23, 2024. Once the application is filed, you will have a period of 45
Deposit Accounts Description Page 25
calendar days to complete the documentation and have it approved. If the application is not approved within the 45 calendar day period, your
interest rate will be revised in accordance with the conventional "conforming" or FHA offer, as applicable, in effect on the date of approval. Once
the loan is approved, a period of 15 calendar days will be established to close the transaction. If you do not close within the 15-day period, the
interest rate will change.
Payments do not include insurance items or contributions and will be higher. The payouts in the examples have been rounded to the nearest
dollar.
1Example: FHA – Requires payment of 4.125% points per discount.
Offer for Federal Housing Administration (FHA) mortgage-insured loans, on one-unit homes, from $100,000 to a maximum of $498,257 or
according to the limits per municipality established by the Agency. For FHA loans with a Loan-to-Value (LTV) of up to 96.5% on sale, 97.75% on
refinancing with no surplus, and 80% with surplus. For streamline loans and loans in certain condominiums, other offers and requirements apply.
VA Home Loan
Are you a veteran, widow(er) of a veteran, or a member of the National Guard? Here's the
solution:
Benefits:
• This option allows you to finance or refinance up to 100% of the property’s price or
appraised value and it’s guaranteed by the Veterans Administration (VA).
Requirements:
• Must meet the agency’s eligibility and qualification requirements.
• This loan may require payment of a funding fee.
These offers require the applicant to obtain a minimum representative credit score of 740, as defined by Government-Sponsored Enterprises. For
customers who apply no later than March 23, 2024. Customers' qualification must meet the Qualified Mortgage (QM) criteria, as set forth by the
Consumer Financial Protection Bureau. The interest rate on offers published in the media by Popular Mortgage will be in effect for 45 calendar
days from the date of filing, if the application is filed on or before March 23, 2024. Once the application is filed, you will have a period of 45
calendar days to complete the documentation and have it approved. If the application is not approved within the 45 calendar day period, your
interest rate will be revised in accordance with the conventional "conforming" or FHA offer, as applicable, in effect on the date of approval. Once
the loan is approved, a period of 15 calendar days will be established to close the transaction. If you do not close within the 15-day period, the
interest rate will change.
Payments do not include insurance items or contributions and will be higher. The payouts in the examples have been rounded to the nearest
dollar.
Streamline
If the time has come to lower your annual interest and/or monthly payment and you have an
FHA, VA, or Rural Development loan, this is the mortgage for you:
Benefits:
• The mortgage application and approval process is simpler because a new appraisal is not
required.
Requirements:
Deposit Accounts Description Page 26
• Must meet the eligibility requirements set by HUD, VA, and Rural Development.
These offers require the applicant to obtain a minimum representative credit score of 740, as defined by Government-Sponsored Enterprises. For
customers who apply no later than March 23, 2024. Customers' qualification must meet the Qualified Mortgage (QM) criteria, as set forth by the
Consumer Financial Protection Bureau. The interest rate on offers published in the media by Popular Mortgage will be in effect for 45 calendar
days from the date of filing, if the application is filed on or before March 23, 2024. Once the application is filed, you will have a period of 45
calendar days to complete the documentation and have it approved. If the application is not approved within the 45 calendar day period, your
interest rate will be revised in accordance with the conventional "conforming" or FHA offer, as applicable, in effect on the date of approval. Once
the loan is approved, a period of 15 calendar days will be established to close the transaction. If you do not close within the 15-day period, the
interest rate will change.
Payments do not include insurance items or contributions and will be higher. The payouts in the examples have been rounded to the nearest
dollar.
Rural Development
Do you have different options for purchasing a property in a suburban or rural area? This is the
loan you should consider:
Benefits:
• Available to purchase a residence in eligible rural areas.
•
Gives you great savings since it does not require prompt payment, as long as the appraisal
value is equal to or greater than the sale price.
•
Guaranteed by the U.S. Department of Agriculture (USDA).
•
Refinance alternative available for loans that were initially guaranteed by the agency.
These offers require the applicant to obtain a minimum representative credit score of 740, as defined by Government-Sponsored Enterprises. For
customers who apply no later than March 23, 2024. Customers' qualification must meet the Qualified Mortgage (QM) criteria, as set forth by the
Consumer Financial Protection Bureau. The interest rate on offers published in the media by Popular Mortgage will be in effect for 45 calendar
days from the date of filing, if the application is filed on or before March 23, 2024. Once the application is filed, you will have a period of 45
calendar days to complete the documentation and have it approved. If the application is not approved within the 45 calendar day period, your
interest rate will be revised in accordance with the conventional "conforming" or FHA offer, as applicable, in effect on the date of approval. Once
the loan is approved, a period of 15 calendar days will be established to close the transaction. If you do not close within the 15-day period, the
interest rate will change. Payments do not include insurance items or contributions and will be higher. The payouts in the examples have been
rounded to the nearest dollar.
FHA 203k3
More funding, more opportunities:
Benefits:
• Buy or refinance to repair damage and make improvements.
• Finance up to 110% of your property’s projected appraisal value.
These offers require the applicant to obtain a minimum representative credit score of 740, as defined by Government-Sponsored Enterprises. For
customers who apply no later than March 23, 2024. Customers' qualification must meet the Qualified Mortgage (QM) criteria, as set forth by the
Consumer Financial Protection Bureau. The interest rate on offers published in the media by Popular Mortgage will be in effect for 45 calendar
days from the date of filing, if the application is filed on or before March 23, 2024. Once the application is filed, you will have a period of 45
Deposit Accounts Description Page 27
calendar days to complete the documentation and have it approved. If the application is not approved within the 45 calendar day period, your
interest rate will be revised in accordance with the conventional "conforming" or FHA offer, as applicable, in effect on the date of approval. Once
the loan is approved, a period of 15 calendar days will be established to close the transaction. If you do not close within the 15-day period, the
interest rate will change. Payments do not include insurance items or contributions and will be higher. The payouts in the examples have been
rounded to the nearest dollar.
3Conventional Example – Requires payment of 3.75% points per discount.
Offer for conventional loans "conforming" with an "Approved Eligible" recommendation from FNMA's "DU" system or "Accept Plus" from Freddie
Mac's "LP" system, on first residences of a unit, from $100,000 to a maximum of $766,550 with a maximum Loan-to-Value (LTV) on sales of up to
80%, without private mortgage insurance, and up to 95% with private mortgage insurance. In refinances of first residences, up to 60% LTV with
surplus and 80% without surplus, both without private mortgage insurance, and up to 90% LTV without surplus with private mortgage insurance.
For loans over $766,550, second homes, properties for investment purposes and condominium properties, other offers and requirements apply.
Conventional Conforming
If you are considering a sale or refinancing of a property, whether it is your primary, secondary
or investment residence, this is the ideal mortgage product for you:
Benefits:
• Finance up to $766,550 on one-unit properties, and even more on two- to four-unit
properties.
•
By meeting the requirements set by investors, you will be able to be eligible for more
competitive interest rates.
These offers require the applicant to obtain a minimum representative credit score of 740, as defined by Government-Sponsored Enterprises. For
customers who apply no later than March 23, 2024. Customers' qualification must meet the Qualified Mortgage (QM) criteria, as set forth by the
Consumer Financial Protection Bureau. The interest rate on offers published in the media by Popular Mortgage will be in effect for 45 calendar
days from the date of filing, if the application is filed on or before March 23, 2024. Once the application is filed, you will have a period of 45
calendar days to complete the documentation and have it approved. If the application is not approved within the 45 calendar day period, your
interest rate will be revised in accordance with the conventional "conforming" or FHA offer, as applicable, in effect on the date of approval. Once
the loan is approved, a period of 15 calendar days will be established to close the transaction. If you do not close within the 15-day period, the
interest rate will change. Payments do not include insurance items or contributions and will be higher. The payouts in the examples have been
rounded to the nearest dollar.
Conventional No-Conforme
Are you looking for a loan that gives you flexibility?
Benefits:
• Finance amounts over $766,550 by meeting the requirements established by Popular with
this type of non-conforming conventional loan.
These offers require the applicant to obtain a minimum representative credit score of 740, as defined by Government-Sponsored Enterprises. For
customers who apply no later than March 23, 2024. Customers' qualification must meet the Qualified Mortgage (QM) criteria, as set forth by the
Consumer Financial Protection Bureau. The interest rate on offers published in the media by Popular Mortgage will be in effect for 45 calendar
days from the date of filing, if the application is filed on or before March 23, 2024. Once the application is filed, you will have a period of 45
calendar days to complete the documentation and have it approved. If the application is not approved within the 45 calendar day period, your
interest rate will be revised in accordance with the conventional "conforming" or FHA offer, as applicable, in effect on the date of approval. Once
the loan is approved, a period of 15 calendar days will be established to close the transaction. If you do not close within the 15-day period, the
interest rate will change. Payments do not include insurance items or contributions and will be higher. The payouts in the examples have been
rounded to the nearest dollar.
Deposit Accounts Description Page 28
2Conventional Example – Requires payment of 3.75% points per discount.
Deposit Accounts Description Page 1
DEPOSIT ACCOUNTS DESCRIPTION
2024
Individual Deposit Accounts
Savings Account
Ahorro a Toda Hora
Ahorro a Toda Hora® is a simple savings account that gives you access to your money 24 hours
a day.
Account Features:
• $15 minimum deposit needed to open account.
• $4 monthly service fee, if the balance on any day of the monthly cycle is less than $500.
• Accrues tiered interest, if the average daily balance for the cycle is equal to or greater
than $500.
• Tiered interest rate, if the average daily balance of the cycle is equal or greater than
$500
• Unlimited FREE transactions at over 600 Banco Popular ATM's
• ATH® card and ATH® International Card
ATH Pop®
Teach your children to manage their money by opening their first bank account with ATH® or an
ATH® International Visa debit card.
Benefits for parents:
• Open it with no minimum deposit
•
Monitor your account activity with My Bank Alerts1
•
Wire money with My Bank or ATH Mobile®2
•
Automatically deposit into your account the excess amount from your transactions with
Direct Savings3
•
Access the app My Mobile Bank 24/7 to check your balance, deposit Checks4 and much
more
Deposit Accounts Description Page 2
• Deposit cash or checks at more than 250 ATMs around the island identified with Easy
Deposit5
Benefits for your children:
• Your first ATH® card gives you freedom to make transactions
• Learn how to save and manage your money from an early age with Mi Banco Móvil
• Develop budgeting skills with the Mi Banco money management tool
• Withdraw cash at one of our more than 600 ATMs around the island
• Make transactions online and in establishments around the world with the ATH
International Visa debit card®
• Choose between one of the two designs available for your first ATH card®
SMS Alerts and Notifications is a free service that Banco Popular de PR offers to its customers. Text message or overage charges may apply
depending on your wireless plan. Check with your service provider to learn more about your plan.
2It requires both the owner of the account that will receive the transfer and the one who sends it to be registered with the service. To register,
you must have an active deposit account with a financial institution participating in ATH Móvil's service. Available to customers ages 13 and up.
Other restrictions apply. Go to http://athmovil.com to register and view the terms and conditions or list of Participating Institutions. ATH Móvil
is an ATH® Network Service of EVERTEC Group, LLC.
3The Direct Savings service applies to purchases made with your BPPR ATH® and ATH International cards at points of sale (POS). By taking
advantage, the service will be effective the next business day.
4Deposits are subject to the provisions of the Bank's Funds Availability Policy. Easy Mobile Deposit is a free service only for Banco Popular
customers with individual deposit accounts and/or business accounts (FlexiCuenta de Negocios & B-Smart). Clients selected according to the
Bank's eligibility criteria. Checks deposited before 6:00 p.m. on one business day will be processed the same business day, subject to deposit
verification and validation. On the back of the check to be deposited, you must write: signature, account number and the phrase "For Deposit
Only at BPPR".
Certain exceptions may apply. For details on the availability of funds, please refer to the Disclosure of Availability of Funds Deposited in
Individual Transaction Accounts (Regulation CC) in your Individual Deposit Account Agreement.®®
5You will be able to use Easy Deposit only at ATMs identified with Easy Deposit. Any cash deposited before 9:30 p.m. on business days will be
available for all types of transactions immediately. Cash deposits made after 9:30 p.m. on business and non-business days will be available only
for purchases or withdrawals with the ATH.® Checks deposited before 6:00 p.m. on a business day will be processed the same business day,
subject to verification and validation of the deposit. For the availability of deposited check funds, please refer to the Bank's Funds Availability
Policy at any of our branches or in the Deposit Account Agreement.
Popular's websites and online services are not directed to children under the age of thirteen (13) and do not encourage such minors to provide
their personal information. Accordingly, it is our policy that we do not knowingly collect information from children under the age of thirteen
(13). If we become aware that we have collected such information, we will comply with the requirements of the Children's Online Privacy
Protection Act (COPPA), including removing such information from our systems. For additional information about COPPA, you can access the
Federal Trade Commission's website at: www.FTC.gov.
Cuenta de Ahorro y Desarrollo Individual (CADI)
The Cuenta de Ahorro y Desarrollo Individual (CADI) is a savings account created in coordination
with the Housing Department’s Administration for Community Revitalization (Administración
para la Revitalizacion de las Comunidades, ARCo). The purpose is to offer an economic incentive
for families living in public housing projects to open a savings account. In order to participate, the
person must visit ARCo’s offices. The customer will receive a matching grant of one dollar for
every dollar saved, up to $2,000. The funds must be used for property acquisition costs,
construction or reconstruction of a residence including down payments and/or closing costs of a
Deposit Accounts Description Page 3
home. The funds may also be used to cover personal educational expenses or of any direct family
member.
Account Features:
• Initial minimum deposit of $25.
• Requires continuous monthly deposits of at least $15
• $0 monthly service fee.
• Do not require minimum monthly balance.
• 20% discount on daily rental with Popular Auto.
• One free branch withdrawal per cycle.
• Monthly statement.
• 0.55% Interest rate if the cycle base average daily balance is equal to or more than $100
• 0.55% APY if the cycle base average daily balance is equal to or more than $100
The matching of funds is received by the client at the end of the specified time by means of a check payable to the institution that provides the
study or mortgage services.
Funds in the account may not be pledged, assigned or transferred to third parties or institutions in any guarantee of loans or other obligations.
The withdrawal to acquire a first home is always total and entails the closure of the account.
The Retreat For post-secondary study expenses, it can be partial or total. If it is partial, the branch must convert the account to a Savings Schedule
or to the account of the customer's choice.
Club del Ahorro
Club del Ahorro is a bank account for parents, grandparents, or legal guardians that helps your
children understand the importance of saving and prepares them for a responsible financial
future with benefits such as:
Account Features:
• $0 minimum deposit needed to open account.
• A minimum monthly balance is not required
• Earns interest when the average daily balance in the cycle is equal or greater than $1.00.
• Allows parents, grandparents, or legal guardians to transfer money from their accounts
to the Club del Ahorro account.
Savings Club: Member FDIC. Product offered by Banco Popular de Puerto Rico. For children between the ages of 0 to 17 years. Popular's
websites and online services are not directed to children under the age of thirteen (13) and do not encourage such minors to provide their
personal information. Accordingly, it is our policy that we do not knowingly collect information from children under the age of thirteen (13). If
we become aware that we have collected such information, we will comply with the requirements of the Children's Online Privacy Protection
Act (COPPA), including removing such information from our systems. For additional information about COPPA, you can access the Federal Trade
Commission's website at: www.FTC.gov
.
U Save Account
Deposit Accounts Description Page 4
Is a savings account where you decide:
• The savings amount and goal you want to achieve.
• From which Banco Popular account you want to transfer the funds to the U Save.
• The frequency you want to make transfers (weekly, biweekly, or monthly).
• The date you want to receive the funds once you reach your savings goal.
1
• To which Banco Popular account you want to transfer the funds once you achieve your
savings goal.
k
Account Features:
• $0 minimum deposit needed to open account.
• Earns interest if the average daily balance for the cycle is equal to or greater than $1.00.
• $0 monthly service fee.
• Save while you shop with the Direct Savings.2
1 You can change the date to receive U Save funds; no fees at any time through Mi Banco or at a branch. A $5.00 fee will apply if you
make a partial or full U-Save withdrawal at one of our branches and another $5.00 fee if you wish to receive your withdrawal money in a
check. There will be no U-Save withdrawal fees if your withdrawal money is made via an online transfer through My Bank. For more
details on fees, please refer to the U-Save Account Features and Fees.
2 The Direct Savings service applies to purchases you make with your BPPR ATH® and ATH Internacional cards from your checking account
at the point of sale (POS). When you are welcomed, the service will be automatically effective the next business day.
.
Checking Accounts
Cuenta Popular®
The first account in Puerto Rico that meets the national standards of the Bank On program for
affordable, convenient, and moderate-cost accounts.
Affordable
• $0 fee for overdrafts, unavailable funds, or insufficient funds.
1
• $0 inactivity fees.
2
• $15 minimum deposit needed to open account.
• $3 monthly service fee, if the balance is $250 or more in the statement period.
• $5 monthly service fee, if the balance is less than $250 in the statement period.
Deposit Accounts Description Page 5
Easy Access
• Manage your account from your mobile phone or computer with
Mi Banco, includes ATH Móvil.
Additional benefits:
• ATH® and ATH® International debit card.
• ATMs throughout the island to deposit
3
checks and cash, pay your bills, and withdraw
money with your mobile phone
4
.
• TeleBanco Popular® available 24/7.
• Access to Mi Banco to verify your balance, transfer money, make payments
5
to more
than 5,000 merchants, deposit6 checks, and more.
• Security tools like Mi Banco Alerts
7
and two-step verification.
• Ahorro Directo Service
8
to automatically deposit your transactions’ extra change into
your account.
• More than 150 branches.
• Optional Reserve Line
9
of up to $50,000.
1Overdraft, insufficient funds, or unavailable funds charges will not be applied. Likewise, the Overdraft Policies of Banco Popular de
Puerto Rico will not apply to, nor will they be available for this account. This means that we will decline and return as unpaid those
transactions for which you do not have sufficient funds in your account. Although we will not allow you to overdraw your account in
most cases, it is possible for your account to have a negative balance; however, in those cases, we will not charge you overdraft fees.
This could occur, for example, when you authorize a payment with your debit card for an amount less than the amount received by
the bank for your payment (for example, the added tip for a payment at a restaurant).
2
If you do not make transactions in your deposit account (deposits, withdrawals, payments), inactivity charges will not be applied.
However, the inactivity period remains in place, thus it is important that you continue making transactions in your account to avoid
its status changing to inactive and your money being remitted to the Commissioner of Financial Institutions (OCIF, by its Spanish
acronym), in accordance with the applicable laws and regulations. As a reminder, if you do not make any transactions in a 6-month
period, your account will be considered inactive.
3
You can use Easy Deposit service only at ATMs that feature the Easy Deposit logo. All cash deposited before 9:30 p.m. on business
days will be available immediately for all types of transactions. Cash deposits made after 9:30 p.m. on business days and on non-
business days will only be available for purchases or withdrawals using the ATH® debit card. Checks deposited before 6:00 p.m. on a
business day will be processed the same business day, subject to deposit verification and validation. To learn more about the
availability of funds on deposited checks, please refer to the Bank's Policy for Availability of Funds at any of our branches or in the
Deposit Account Agreement.
4
Retiro Móvil is a service offered by Banco Popular de Puerto Rico. This is a free service for customers who have an individual deposit
account and/or business account (FlexiCuenta de Negocios y B-Smart) of Banco Popular and are registered in the Mi Banco Mobile
application. To withdraw cash, you must have an active ATH® or ATH® International Banco Popular debit card. Non clients will be
able to collect the cash at one of Banco Popular’s ATMs once they download the Mi Banco Mobile application and select Retiro
Móvil. This service is available at all Banco Popular ATMs. Withdrawals are subject to the availability of funds of your account. Refer
to the Funds Availability Policy at any of our branches. Customers can also refer to their Deposit Accounts Contract. Mi Banco Mobile
is a service offered by Banco Popular de Puerto Rico and is free of charge. You should check with your mobile service provider if
charges for data transmission apply.
5
Subject to the availability of funds in your account.
6
Deposits are subject to the provisions of the Bank's Fund Availability Policy. Mobile Easy Deposit is a free service and only for
customers with commercial accounts (FlexiCuenta de Negocios® & B-Smart®) and/or individual deposit accounts in Banco Popular.
Customers are selected according to the Bank’s eligibility criteria. Checks deposited before 6:00 p.m. on a business day will be
processed the same business day, subject to verification and validation of the deposit. In the back of the check to be deposited, you
must include: signature, account number and the phrase “For Deposit Only at BPPR”.
7
Alerts and notifications by SMS is a free service Banco Popular de Puerto Rico offers its clients. Charges may apply for text messages
or data excess according to your cell service plan. Check with your service provider to find out more about your plan.
Deposit Accounts Description Page 6
8
The Ahorro Directo service applies to purchases made with your BPPR ATH® card and ATH International Visa cards at points of sale
(POS). Service will be effective the next business day after registration.
9
Subject to credit approval. Certain restrictions apply. The Annual Percentage Rate (APR) for using the line is 17.99% APR.
MultiCuenta Popular®
MultiCuenta Popular® includes a checking section, a savings section with tiered interest, and a
reserve line1, all under the same account number.
Account Features:
• $25 minimum deposit to open the account.
• $8 monthly service fee, waived if on every day of the monthly cycle you maintain ONE of
the following: Daily balance of $500 or more in the checking section or $1,000 or more
in the savings section; or combined balance of $10,000 or more in Individual Retirement
Accounts (IRAs) and Certificates of Deposit (CDs) or $25,000 or more in the CIMA
Account.
• Savings section that accrues tiered interest, if the average daily balance for the cycle is
equal to or greater than $500.
• ATH® Card and ATH International
• FREE unlimited transactions at over 600 Banco Popular ATMs.
• Reservation Line optional up to $50,000
Interest Rates:
• Tiered interest on the savings section on average daily balance of $500 or more,
which are computed and credited on a monthly basis
• Up to .25 preemptive interest on new certificates of deposit depending on the total
balance of the client's deposit accounts with Popular as of the date of opening the CD
1
Subject to credit approval. Certain restrictions apply. The Annual Percentage Rate (APR) for using the line is 17.99% APR.
Up to .25 preemptive interest on new certificates of deposit depending on the total balance of the client's deposit accounts with Popular as of
the date of opening the CD (not valid when combined with other offers and does not apply to CD5). This benefit prevails on each renewal until
the customer cancels the CD.
Deposit Accounts Description Page 7
Popular Plus®
The Popular Plus® generates interests in the checking and savings sections by meeting the
required balance.
1
Account Features:
• $50 minimum deposit needed to open account.
•
$12 monthly service fee, waived if you maintain ONE of the following:
o
Average balance in the monthly statement cycle that when adding the
checking section and Money Market Savings is $2,500 or more;
o
Or combined balance of $25,000 or more in Individual Retirement Accounts
(IRAs) and Certificates of Deposit (CDs) or $25,000 or more in the CIMA
Account.
•
Overdraft margin for electronic transactions (ATH and POS). Free ATH Debit Card &
Debit Card ATH International Platinum
•
Unlimited transactions at over 550 Banco Popular ATM's
•
Up to $50,000 optional Reserve Line of Credit
Additional benefits:
• Tiered interest-yielding savings section, if the average daily balance of the cycle is
equal or greater than $500
• Money Market Savings section provides interest rates of up to 0.45% and APY of up
to 0.45%
• Interest-bearing checking sections, if the average daily balance of the cycle is equal
or greater than $500
• Checking section provides interest rates of 0.15% and APY of 0.15%
1
Subject to credit approval. Certain restrictions apply. The Annual Percentage Rate (APR) for using the line is 17.99% APR.
Private Management Account
This account, designed exclusively for Popular One clients, offers the following benefits:
• A consolidated statement that includes all your client relationships with Popular, Inc.
• Scaled interests according to the average daily balance and credited monthly.
• Reserve Line of Credit from $500 up to $50,000
1
.
• Certificates of Deposits.
• Line of Credit
1
guaranteed by assets in Popular Securities
2
starting at $25,000.
Deposit Accounts Description Page 8
• ATH® Platinum International card.
• First order of checks, free. Subsequent orders vary based on design and shipping.
• Unlimited no -fee check writing.
Account Services:
• Through Internet Banking.
• Phone access through TeleBanco Popular®.
• Unlimited transactions on all Banco Popular ATMs and on purchases in over 30,000
establishments.
1Subject to credit approval. Certain restrictions apply. The Annual Percentage Rate (APR) for the use of the reserve line is 17.99%
APR.
2Investment products and services are offered through Popular Securities, Inc., a registered broker/dealer, member FINRA and SIPC.
Popular Securities, Inc., is a subsidiary of Popular, Inc. and an affiliate of Banco Popular de Puerto Rico. Investment products are not
FDIC insured, are not deposits or obligations, nor are they guaranteed by Banco Popular de Puerto Rico, and involve risks, including
the possible loss of principal invested. Popular, Inc., and Banco Popular de Puerto Rico are not registered brokers.
Electronic Accounts
Acceso Popular
Acceso Popular is an affordable account with a transactions section and a savings section that
generates interests.
Account Features:
• $15 minimum deposit needed to open account.
• Monthly fee of $3.00 if you do not receive e-Statement or a Direct Deposit in the
statement period;
• Monthly fee of $2.50 if you receive your statement through e-Statement in the
statement period;
• Monthly fee of $2.00 if you receive Direct Deposit in the monthly cycle.
• Monthly fee of $1.50 if you receive e-Statement and a Direct Deposit in the monthly
cycle.
• ATH® Card and ATH® International card.
• Unlimited FREE transactions at over 600 Banco Popular ATM's.
• Two sections under the same account number: one for transactions and another for
savings.
Deposit Accounts Description Page 9
Additional benefits:
• Fixed 0.10% interest rates or 0.10% APY in the savings section, if the average daily
balance of the cycle is equal or greater than $500.
• Savings protection tool: withdrawals from the savings section must take place at a
branch.
• Optional automatic transfers starting at $5.00 from the transaction section to the
savings section.
• Optional Reserve Line of Credit of up to $50,000
1
1
Subject to credit approval. Certain restrictions apply. The Annual Percentage Rate (APR) for using the line is 17.99% APR
Acceso Universitario
Accesso Universitario is the account created for college students just as you. It's affordable,
generates interest and does not require a minimum balance.
k
Account Features:
• $0 minimum deposit needed to open account.
• $0 monthly service fee, if you receive a Direct Deposit in the statement period;
• $1.00 monthly service fee, if you do not receive Direct Deposit in the statement period
and receive the monthly statement through e-statement; or
• $1.50 monthly service fee, if you do not receive a Direct Deposit in the statement
period.
• ATH® Card and ATH® International card.
• Two sections under the same account number: one for transactions and another for
savings.
• Fixed interest rates or 0.10% APY in the savings section, if the average daily balance of
the cycle is equal or greater than $500.
• Savings protection tool: withdrawals from the savings section must take place at a
branch.
• Automatic transfers starting at $5.00 from the transaction section to the savings section.
Subject to credit approval. Certain restrictions apply. The Annual Percentage Rate (APR) for line utilization is 17.99% APR.
e-account
E-Account
A fully online checking account.
Account Features:
Deposit Accounts Description Page 10
• ATH
®
and ATH
®
International debit cards
• $0 initial opening deposit
• Access to Popular tools to manage the account and conduct transactions
o Mi Banco Online
o Mi Banco Mobile
o TeleBanco Popular
®
o Security tools
• Optional Reserve Line of up to $50,000
3
• $0 monthly service charge after completing ONE of the following: receiving a direct
deposit, or making an electronic payment using the automatic answering system or
Internet Banking
• In addition, you can order checks through TeleBanco Popular® or by visiting one of our
branches
4
1 Under certain conditions, you may be required to provide certain information that must be submitted by you to one of our branches.
Accounts are opened on business days only. If you attempt to open an account on a Saturday, Sunday, or federal holiday, it will be processed
the next business day.
2 Subject to credit approval. Certain restrictions apply. The Annual Percentage Rate (APR) for line utilization is 17.99% APR.
3 To use checks, you must register your signature by visiting any of our branches. Each check order has an additional cost. To order your checks,
call (787) 724-3650 (Puerto Rico) or 1-888-724-3650 (U.S./Virgin Islands).
CD Cima
An electronic individual account that offers an attractive interest rate, such as a certificate of
deposit, but with the flexibility of a deposit account.
Benefits:
• It generates a guaranteed interest rate according to the term selected.
• You can select the term that best fits your needs, from 7 days to 10 years. You chose the
term.
• Interests can be credited to your Banco Popular checking or savings account or you can
also capitalize them in the certificate.
• Minimum opening balance: $1,000.
• Free withdrawls at Popular branches
• 2 free withdrawls at (ATM)
• Scaled Interest from 0.15% up to 0.80% if daily average balance is up to $500 or more
1
Member FDIC. Product offered by Banco Popular de Puerto Rico. Penalties for cancellation before expiration: If the term is less than 365 days:
90 days of interest. If the term is 365 days or more: 180 days of interest.
Commercial Accounts
Deposit Accounts Description Page 11
B-Smart®
The B-Smart account is designed for DBA's (Doing Business As) or professionals who are not
incorporated / associated, or who belong to sports clubs, graduating classes, charitable groups.
Benefits:
• Unlimited electronic transactions
2
.
• 15 transactions in paper free of cost
3
.
• ATH® card and ATH® International Visa Platinum card free of cost
5
.
• $0 service charges if you maintain the combined average balance
6
.
• The savings module pays tiered interest on your deposits. The greater the balance, the
higher the interest rate received.
• Line of credit from $5,000 to $100,000
1
• Receive your commercial account statement in electronic format with e-Commercial
Statement.
• Business Credit Protection Plan
8
.
• Free of cost Ahorro Directo service.
Additional features:
• Option to establish a savings account or a Reserve Line of Credit
Savings account features:
• Scaled Interest rate payments based on average daily balance of savings account
• Funds can be managed in 2 ways:
o Manual: Client manages funds and authorizes every transaction between
checking and savings account for the required amount
o Automatic: Automatic daily transfers are made to the savings account based on
the excess of compensable balance established in the checking account. Note,
this balance must be greater than $1,000 and in multiples of $1,000
Line of Credit Features:
Deposit Accounts Description Page 12
• Line of credit from $5,000 up to $100,000
• Activated by authorized checks or debits against the checking account automatically
when the funds in that section are exhausted. It can also be activated by checks drawn
directly against the line of credit.
• Daily minimum payments are required. The minimum payout amount is 1/24 (twenty-
fourth) of the balance due.
Toda extensión de crédito, ya sea a través de tarjetas de crédito, líneas de crédito o préstamos, está sujeta a aprobación
de crédito. Ciertas condiciones aplican.
2Se consideran transacciones electrónicas: Depósito Fácil (depósitos a través de cajeros automáticos ATM), Depósito
Fácil Móvil, Remote Deposit, ACH, Transferencias cablegráficas, ATH Móvil, Telepago y POS.
3Aplicará un cargo de $0.50 por cada transacción en papel en exceso de 15 durante el ciclo. Se consideran transacciones
en papel cheques pagados, cheques depositados, y hojas de depósito. Las transacciones electrónicas no cuentan para el
cálculo de transacciones en exceso.
4Aplicará un cargo de $0.50 por cada transacción en papel en exceso de 30 durante el ciclo. Se consideran transacciones
en papel cheques pagados, cheques depositados, y hojas de depósito. Las transacciones electrónicas no cuentan para el
cálculo de transacciones en exceso.
5Disponible solo para cuentas con firmas indistintas y/o cuentas de un solo firmante.
6Se requiere un balance promedio en la sección de cheques y ahorros (balance combinado) de $500 o más para evitar
un cargo por servicio mensual de $5. No obstante, de recibir el estado de cuenta únicamente de forma electrónica (PDF)
obtendrá un descuento de $2.
7Se requiere un balance promedio en la sección de cheques y ahorros (balance combinado) de $2,500 o más para evitar
un cargo por servicio mensual de $12. No obstante, de recibir el estado de cuenta únicamente de forma electrónica
(PDF) obtendrá un descuento de $2.
8Suscrito por Chubb Insurance Company of Puerto Rico. Sujeto a términos y condiciones de la Póliza. Los productos de
seguros no son un depósito u otra obligación de, o garantizados por el Banco o sus afiliadas; no son asegurados por la
FDIC, ni cualquier otra agencia del gobierno, el Banco o sus afiliadas.
9Los productos y servicios comerciales de Popular Business Solutions conllevan cargos mensuales y/o cargos por
volumen de transacción de acuerdo al producto o servicio que se adquiera. Para información y detalles del precio de los
productos y servicios comerciales, puede comunicarse con el Centro de Apoyo Comercial al 787-756-3939, con su Oficial
de Relación.
FlexiCuenta de Negocios®
a
This business checking account meets the specific needs of small businesses, medium-size
businesses and corporations. It offers a savings section and a line of credit
1
under a single account
number, making it easier to manage and keep track of your funds.
Benefits:
• Unlimited electronic transactions
2
.
• 30 transactions in paper free of cost
4
.
• ATH
®
card and ATH
®
International Visa Platinum card free of cost
5
.
• $0 service charges if you maintain an average monthly balance
7
.
Deposit Accounts Description Page 13
• The savings module pays tiered interest on your deposits. The greater the balance, the
higher the interest rate received.
• Line of credit from $10,000 up to $250,000
1
• Receive your commercial account statement in electronic format with e-Commercial
Statement.
• Business Credit Protection Plan
8
.
Additional features:
• Option to establish a FlexInversion or FlexiLinea account
FlexInversion features
• Scaled Interest payments based on the average daily balance in the FlexInversion section
FlexiLinea features:
• Credit Line from $10,000 up to $250,000
• Must be activated via:
o Authorized checks or debits against the checking account automatically when
funds run out in that section
o Through special checks drawn directly on the Line of Credit
• The payment frequency and minimum payment available is daily - 1/24, monthly 1/1
(100%), 1/3, 1/12, 1/24 or 1/36 and quarterly 100%, 1/4
Toda extensión de crédito, ya sea a través de tarjetas de crédito, líneas de crédito o préstamos, está sujeta a aprobación
de crédito. Ciertas condiciones aplican.
2Se consideran transacciones electrónicas: Depósito Fácil (depósitos a través de cajeros automáticos ATM), Depósito
Fácil Móvil, Remote Deposit, ACH, Transferencias cablegráficas, ATH Móvil, Telepago y POS.
3Aplicará un cargo de $0.50 por cada transacción en papel en exceso de 15 durante el ciclo. Se consideran transacciones
en papel cheques pagados, cheques depositados, y hojas de depósito. Las transacciones electrónicas no cuentan para el
cálculo de transacciones en exceso.
4Aplicará un cargo de $0.50 por cada transacción en papel en exceso de 30 durante el ciclo. Se consideran transacciones
en papel cheques pagados, cheques depositados, y hojas de depósito. Las transacciones electrónicas no cuentan para el
cálculo de transacciones en exceso.
5Disponible solo para cuentas con firmas indistintas y/o cuentas de un solo firmante.
6Se requiere un balance promedio en la sección de cheques y ahorros (balance combinado) de $500 o más para evitar
un cargo por servicio mensual de $5. No obstante, de recibir el estado de cuenta únicamente de forma electrónica (PDF)
obtendrá un descuento de $2.
Deposit Accounts Description Page 14
7Se requiere un balance promedio en la sección de cheques y ahorros (balance combinado) de $2,500 o más para evitar
un cargo por servicio mensual de $12. No obstante, de recibir el estado de cuenta únicamente de forma electrónica
(PDF) obtendrá un descuento de $2.
8Suscrito por Chubb Insurance Company of Puerto Rico. Sujeto a términos y condiciones de la Póliza. Los productos de
seguros no son un depósito u otra obligación de, o garantizados por el Banco o sus afiliadas; no son asegurados por la
FDIC, ni cualquier otra agencia del gobierno, el Banco o sus afiliadas.
9Los productos y servicios comerciales de Popular Business Solutions conllevan cargos mensuales y/o cargos por
volumen de transacción de acuerdo al producto o servicio que se adquiera. Para información y detalles del precio de los
productos y servicios comerciales, puede comunicarse con el Centro de Apoyo Comercial al 787-756-3939, con su Oficial
de Relación.
Maxi Premium Non-Profit®
Checking account that generates interests directed at non-profit entities.
Benefits:
•
Free access to ATH Regular and ATH International Platinum Business
•
Monthly e-Commercial Statement
•
Fixed interest of 0.50% if average daily balance is equal or greater than $100
•
Interest computed based on average daily balance and is credited monthly
•
First 15 checks are free
•
Promotional code available for 3, 6, or 12 months. (This feature requires approval from supervisor)
Additional Information:
•
$10 charge if the average daily balance of the cycle in checking is less than $2,500
•
Overdraft financing rate of 18.50% APR
Banco Popular of Puerto Rico
USVI CRA Statement
St. Thomas
In compliance with §68 of the United States Virgin Islands Code we have prepared the
following CRA Statement for the island of St Thomas and provide a copy of the
Community Reinvestment Act Notice.
Credit Products offered by the Virgin Islands Mortgage Loans Department
Virgin Islands Mortgage Loans Department offers three basic loan types: (1) those insured by Rural
Development, (2) guaranteed by VA, and those with no government insurance – (3) conventional loans.
Conventional loans, however, can be conforming (salable loans for Fannie Mae or Freddie Mac) or non-
conforming loans (held in portfolio) such as second mortgages or land loans. Here is a list of mortgages:
1. Rural Development – Lenders must follow specific guidelines established by Rural Development
to receive the certificate of insurance.
If you are planning to purchase or construct your principal residence, and do not have savings for
a down payment, this loan insured by the USDA- Rural Development may be your best option.
Description:
Guaranteed by USDA Rural Development 100% For Purchase of Primary Residence Term 30 years.
2. Veteran’s Administration - Offers financing on Purchase transactions up to 105% to Veterans
with a Certificate of Eligibility. VA offers a guarantee against default by borrowers to lending
institutions.
The objective is to provide financing to veterans who have served in the United States armed forces
and to some members of the Reserve and National Guard.
Description:
Guaranteed by the Veterans’ Administration Veteran should present Certificate of Eligibility 90%
for refinance of primary residence.
Term: 30 years
3. Construction Loans – offers financing to customers seeking to build homes up to 80% of the
appraised value of the completed home with a maximum term of 30 years.
4. Conventional Loans – Conforms to specific investor guidelines. Must be approved/eligible by
automated underwriting system.
If you have savings or assets for the down payment and closing costs, or if you already have a
residence, this could be your best option.
Description:
For principal residence, second home and investment properties.
For purchasing, we offer up to 80% under the conventional loan program.
In refinancing, we offer up to 80% under the conventional loan programs.
Loans starting at a loan amount of $50,000 in conforming loans and up to $1,000,000 in non-
conforming loans are eligible under convention loan product.
Maximum term 30 years
5. Second Mortgages – offers a repayment term of 15 years with a total loan to value (TLTV) of
90% financing and have specific guidelines to follow.
6. Land Loans – offer a repayment term of 15 years with 90% financing and have specific guidelines
to follow
.
Credit offered by the Virgin Islands Individual Consumer Loans Department
The Virgin Islands Consumer Loans Department offers the following types of credit:
1. Unsecured Loans for personal reasons - maximum term of seven (7) years.
2. Auto Loans to purchase vehicle, securing the loan with the acquired asset – maximum term six
(6) years and maximum financing amount 90%.
3. Cash Secured Loans – secured by Certificates of Deposit or Savings Account - maximum term
ten (10) years.
4. Visa Premia Rewards
5. Visa Cash Rewards
6. Jetblue Mastercard
7. Reserve Lines of Credit
8. Unsecured RBO loans (BPPR rehabilitation programs)- maximum term ten (10) years
9. Jetblue Mastercard Eleva
10. AAdvantage Visa Signature Plus
Credit offered by the Virgin Islands Commercial Loans Department
The Virgin Islands Region Commercial Loans Department offers numerous types of credit facilities:
1. Ideal Business Line of Credit – is a credit line that is tied to the Ideal Business Account. The client
gets immediate availability of funds without continuously applying for credit with a credit line that covers
credit needs from $10,000 up to a maximum of $250,000.
- Provides the flexibility of establishing a payment plan adjusted to your business’ cash flow
- Avoid overdrafts by automatically protecting your checking account
- Allows automatic access to the available funds in your credit line
2. B-Smart Line of Credit – is a credit line that is tied to the B-Smart Account. The client gets immediate
availability of funds without continuously apply for credit with a credit line that covers credit needs from
$5,000 up to $100,000.
- Provides the flexibility of establishing a payment plan adjusted to your business’ cash flow
- Avoid overdrafts by automatically protecting your checking account
- Allows automatic access to the available funds in your credit line
3. Commercial Credit Cards
Business credit cards are issued by to professionals and small-business owners to be used by them and
their authorized users.
Corporate credit cards Corporate credit cards are issued to corporations, partnerships and private or
governmental entities, both for profit and non-profit, to be used by employee.
The commercial credit card will be issued under a commercial credit line which the borrower has to
request. All individual credit limits per card that the company may request for its authorized users shall
never exceed the company’s Line of Credit.
a. Visa Business
Enjoy the convenience of separating your personal expenses from your business accounts or from
other expenses related to your profession.
Benefits:
Credit line from 5,000 up to $50,000.
b. Premia Business Rewards
Earn rewards on every purchase made for your business with a $0 annual fee.
The new PREMIA® Business Rewards provides automatic enrollment to the renewed PREMIA®
program, at no additional cost, which allows you to earn:
- 10,000 welcome points after making $3,000 in purchases within the first 90 days of
opening the account
- 2x points for every $1 on purchases in restaurants, telecommunications, gas stations, and
office supplies
- 1x point for every $1 on other purchases
- No annual points limit
- Ability to view your points balance using the Mi Banco app
- Multiple options to redeem points for cash, travel, gift cards
Additional benefits:
Access to the Commercial Credit Card Manager platform to manage your credit card online as an
administrator or as a cardholder
c. Premia Business Rewards Max
Earn more rewards on your business purchases and get top-notch benefits.
With the PREMIA® Business Rewards Max you get automatic enrollment to the renewed PREMIA®
program, at no additional cost, which allows you to earn:
- 30,000 welcome points after making $5,000 in purchases within the first 90 days of
opening the account
- 3x points for every $1 in purchases on travel (airlines and hotels) restaurants,
telecommunications, gas stations, and office supplies
- 1x point for every $1 on other purchases
- No annual points limit
- Ability to view your points balance using the Mi Banco app
- Multiple options to redeem points for cash, travel, gift cards
Additional benefits:
Access to the Commercial Credit Card Manager platform to manage your credit card online as an
administrator or as a cardholder
d. Visa Corporate
Banco Popular's Visa Corporate Card
1
is especially designed for your company. This card allows you
to maximize your company's budget while controlling expenses.
Benefits:
Line of credit starting at $10,000.
You can give an individual card to each authorized employee, who will have an individual card
number, credit limit and will receive their own statement.
Commercial Credit Card Manager: Online platform for business owners to manage their credit
card program, as an administrator or as a cardholder. Administrators call view all card activity up
to 18 months, make payments, create or cancel cards, adjust limits within company approved limit,
request replacement cards, and manage temporary limits on individual cards. Cardholders can
view account activity, make payments, configure email alerts, and temporarily suspend the card.
100% Protection Against Fraud: Exclusive benefit for Banco Popular customers, where if your
card is lost or stolen or its number is stolen, you will not be liable for any purchase made without
your authorization.
Travel Benefits: Customers can travel with confidence with the additional benefit of Worldwide
Car Rental Insurance, International Emergency Medical Services, and Corporate Liability Waiver
Insurance.
4. Revolving Line of Credit
Cover short term recurrent operational needs with. Credit lines are generally revolving instruments and
are due every 12 months.
Under the line of credit, a debtor may obtain advances, repay obtain advances, repay amounts
according to its conversion cycle and make additional drawings under the facility while the same has
availability.
a. Advised Line of Credit - its terms and conditions are advised to the client
b. Guidance Line of Credit - The same is established by the Bank internally for customers who
frequently use credit under similar conditionals and requirements. The facility is appropriate
for customers having seasonal needs and allows the Bank to respond faster to the customer.
5. Non-Revolving Line of Credit
A credit facility used to finance construction projects, such as housing developments, buildings such as
warehouses, industrial factories, business and offices. Non-revolving Line of Credit have a due date of
not more than a year, or term of the assigned contract, and have a specific repayment source such as
a term loan or sale of property being developed.
6. Short Term Loans
Cover temporary, non-recurrent financial needs. These loans are offered in terms of less than one year
and rely on the specific purpose and cash flow of business
7. Term Loan
Banco Popular offers convenient term loan. These loans have terms of more than one year and can be
used to cover long term financial needs
8. Government Guaranteed Loans
An excellent credit opportunity for small businesses is a government guaranteed loan from Banco
Popular, guaranteed by the Virgin Islands Economic Development Authority (EDA), federal Small
Business Administration (SBA) or Rural Development Agency of the Virgin Islands.
A loan guaranteed by the SBA may be the best financing alternative if you wish to:
• Establish your own business
• Purchase an existing business
• Purchase land or commercial property
• Expand business operations
• Make property improvements
• Purchase inventory, machinery or equipment
• Refinance commercial debt
A loan under the State Small Business Credit Initiative Program (SSBCI) offered by the EDA provides
Collateral Support, Loan Guarantee, and Payment, Surety and Performance Bonding to small and
medium size companies and small local contractors. Loan proceeds must be used for a “business
purpose.” A business purpose includes, but is not limited to:
• Start up costs
• Working capital
• Business procurement
• Franchise fees
• Equipment
• Inventory
• Purchase, construction renovation or tenant improvements of an eligible place of business that
is not for passive real estate investment purposes
9. Letters of Credit
A Letter of Credit is a credit product in which the Bank assumes conditional obligation or guarantees
a payment according to the compliance of certain strictly documentary terms and conditions
stipulated in the credit. The Bank uses its own credit to guarantee the payment of a transaction
provided that the established terms and conditions are complied with
Types of Letters of Credit
a. Commercial – it is a payment method guaranteeing a transaction of purchase or sale of
merchandise.
b. Standby – payment mechanism that protects the beneficiary against financial or contractual
non-compliance by the other party (applicant).
10. Letters of Guaranty
A Letter of Guarantee is a document issued on behalf of a Shipping company, releasing them from
liability and becoming, in our case, liable for the total payment of the assets, shipping charges and
any other charges that the supplier and/or Shipping company would bill. It allows the shipping
company to deliver the merchandise to the importer without the liability of its behalf and before
having received the Bill of Lading and as a guarantee of payment of its shipping fees.
11. Commercial Mortgages
Commercial Mortgage are generally granted for the purchase, improvement and/or remodeling of
commercial property.
12. Construction Loans
Construction Loans include loans for the acquisition of land, improvement and construction of
individual homes, twins, row houses, walk-up or condominiums, shopping centers, office buildings,
warehouses.
Banco Popular of Puerto Rico
USVI CRA Statement
St. Croix
In compliance with §68 of the United States Virgin Islands Code we have prepared the
following CRA Statement for the island of St Croix and provide a copy of the Community
Reinvestment Act Notice.
Credit Products offered by the Virgin Islands Mortgage Loans Department
Virgin Islands Mortgage Loans Department offers three basic loan types: (1) Rural Development, (2) guaranteed
by VA, and those with no government insurance – (3) conventional loans. Conventional loans, however, can be
conforming (salable loans for Fannie Mae or Freddie Mac) or non-conforming loans (held in portfolio) such as
second mortgages or land loans. Here is a list of mortgages:
1. Rural Development – Lenders must follow specific guidelines established by Rural Development
to receive the certificate of insurance.
If you are planning to purchase or construct your principal residence, and do not have savings for
a down payment, this loan insured by the USDA- Rural Development may be your best option.
Description:
Guaranteed by USDA Rural Development 100% For Purchase of Primary Residence Term 30 years.
2. Veteran’s Administration
Offers financing on Purchase transactions up to 100% to Veterans with a Certificate of Eligibility.
VA offers a guarantee against default by borrowers to lending institutions.
The objective is to provide financing to veterans who have served in the United States armed forces
and to some members of the Reserve and National Guard.
Description:
Guaranteed by the Veterans’ Administration Veteran should present Certificate of Eligibility 90%
for refinance of primary residence.
Term: 30 years
3. Construction Loans – offers financing to customers seeking to build homes up to 80% of the
appraised value of the completed home with a maximum term of 30 years.
4. Conventional Loans – Conforms to specific investor guidelines. Must be approved/eligible by
automated underwriting system.
If you have savings or assets for the down payment and closing costs, or if you already have a
residence, this could be your best option.
Description:
For principal residence, second home and investment properties.
For purchasing, we offer up to 80% under the conventional loan programs.
In refinancing, we offer up to 80% LTV under the conventional loan programs.
Starting at a loan amount of $50,000 in conforming loans and up to $1,000,000 in non-conforming
loans.
Maximum term 30 years
5. Second Mortgages – offers a repayment term of 15 years with a total loan to value (TLTV) of
90% financing with specific guidelines to follow.
6. Land Loans – offer a repayment term of 15 years with 90% financing and have specific guidelines
to follow
.
Credit offered by the Virgin Islands Individual Consumer Loans Department
The Virgin Islands Consumer Loans Department offers the following types of credit:
1. Unsecured Loans for personal reasons – maximum term of seven (7) years.
2. Auto Loans to purchase vehicles or securing loan with an automobile owned – maximum
term six (6) years and maximum financing amount 90%.
3. Cash Secured Loans – secured by Certificates of Deposit or Savings Account – maximum
term ten (10) years.
4. Visa Premia Rewards
5. Visa Cash Rewards
6. Reserve Lines of Credit
7. Unsecured RBO loans (BPPR rehabilitation programs)- maximum term ten (10) years.
8. AAdvantage Visa Signature Plus
9. Jetblue Mastercard
10. Jetblue Mastercard Eleva
Credit offered by the Virgin Islands Commercial Loans Department
The Virgin Islands Region Commercial Loans Department offers numerous types of credit facilities:
1. Ideal Business Line of Credit – is a credit line that is tied to the Ideal Business Account. The client
gets immediate availability of funds without continuously applying for credit with a credit line that covers
credit needs from $10,000 up to a maximum of $250,000.
- Provides the flexibility of establishing a payment plan adjusted to your business’ cash flow
- Avoid overdrafts by automatically protecting your checking account
- Allows automatic access to the available funds in your credit line
2. B-Smart Line of Credit – is a credit line that is tied to the B-Smart Account. The client gets immediate
availability of funds without continuously apply for credit with a credit line that covers credit needs from
$5,000 up to $100,000.
- Provides the flexibility of establishing a payment plan adjusted to your business’ cash flow
- Avoid overdrafts by automatically protecting your checking account
- Allows automatic access to the available funds in your credit line
3. Commercial Credit Cards
Business credit cards are issued by to professionals and small-business owners to be used by them and
their authorized users.
Corporate credit cards Corporate credit cards are issued to corporations, partnerships and private or
governmental entities, both for profit and non-profit, to be used by employee.
The commercial credit card will be issued under a commercial credit line which the borrower has to
request. All individual credit limits per card that the company may request for its authorized users shall
never exceed the company’s Line of Credit.
a. Visa Business
Enjoy the convenience of separating your personal expenses from your business accounts or from
other expenses related to your profession.
Benefits:
Credit line from 5,000 up to $50,000.
b. Premia Business Rewards
Earn rewards on every purchase made for your business with a $0 annual fee.
The new PREMIA® Business Rewards provides automatic enrollment to the renewed PREMIA®
program, at no additional cost, which allows you to earn:
- 10,000 welcome points after making $3,000 in purchases within the first 90 days of
opening the account
- 2x points for every $1 on purchases in restaurants, telecommunications, gas stations, and
office supplies
- 1x point for every $1 on other purchases
- No annual points limit
- Ability to view your points balance using the Mi Banco app
- Multiple options to redeem points for cash, travel, gift cards
Additional benefits:
Access to the Commercial Credit Card Manager platform to manage your credit card online as an
administrator or as a cardholder
c. Premia Business Rewards Max
Earn more rewards on your business purchases and get top-notch benefits.
With the PREMIA® Business Rewards Max you get automatic enrollment to the renewed PREMIA®
program, at no additional cost, which allows you to earn:
- 30,000 welcome points after making $5,000 in purchases within the first 90 days of
opening the account
- 3x points for every $1 in purchases on travel (airlines and hotels) restaurants,
telecommunications, gas stations, and office supplies
- 1x point for every $1 on other purchases
- No annual points limit
- Ability to view your points balance using the Mi Banco app
- Multiple options to redeem points for cash, travel, gift cards
Additional benefits:
Access to the Commercial Credit Card Manager platform to manage your credit card online as an
administrator or as a cardholder
d. Visa Corporate
Banco Popular's Visa Corporate Card
1
is especially designed for your company. This card allows you
to maximize your company's budget while controlling expenses.
Benefits:
Line of credit starting at $10,000.
You can give an individual card to each authorized employee, who will have an individual card
number, credit limit and will receive their own statement.
Commercial Credit Card Manager: Online platform for business owners to manage their credit
card program, as an administrator or as a cardholder. Administrators call view all card activity up
to 18 months, make payments, create or cancel cards, adjust limits within company approved limit,
request replacement cards, and manage temporary limits on individual cards. Cardholders can
view account activity, make payments, configure email alerts, and temporarily suspend the card.
100% Protection Against Fraud: Exclusive benefit for Banco Popular customers, where if your
card is lost or stolen or its number is stolen, you will not be liable for any purchase made without
your authorization.
Travel Benefits: Customers can travel with confidence with the additional benefit of Worldwide
Car Rental Insurance, International Emergency Medical Services, and Corporate Liability Waiver
Insurance.
3. Revolving Line of Credit
Cover short term recurrent operational needs with. Credit lines are generally revolving instruments and
are due every 12 months.
Under the line of credit, a debtor may obtain advances, repay obtain advances, repay amounts
according to its conversion cycle and make additional drawings under the facility while the same has
availability.
c. Advised Line of Credit - its terms and conditions are advised to the client
d. Guidance Line of Credit - The same is established by the Bank internally for customers who
frequently use credit under similar conditionals and requirements. The facility is appropriate
for customers having seasonal needs and allows the Bank to respond faster to the customer.
4. Non-Revolving Line of Credit
A credit facility used to finance construction projects, such as housing developments, buildings such as
warehouses, industrial factories, business and offices. Non-revolving Line of Credit have a due date of
not more than a year, or term of the assigned contract, and have a specific repayment source such as
a term loan or sale of property being developed.
5. Short Term Loans
Cover temporary, non-recurrent financial needs. These loans are offered in terms of less than one year
and rely on the specific purpose and cash flow of business
6. Term Loan
Banco Popular offers convenient term loan. These loans have terms of more than one year and can be
used to cover long term financial needs
7. Government Guaranteed Loans
An excellent credit opportunity for small businesses is a government guaranteed loan from Banco
Popular, guaranteed by the Virgin Islands Economic Development Authority (EDA), federal Small
Business Administration (SBA) or Rural Development Agency of the Virgin Islands.
A loan guaranteed by the SBA may be the best financing alternative if you wish to:
• Establish your own business
• Purchase an existing business
• Purchase land or commercial property
• Expand business operations
• Make property improvements
• Purchase inventory, machinery or equipment
• Refinance commercial debt
A loan under the State Small Business Credit Initiative Program (SSBCI) offered by the EDA provides
Collateral Support, Loan Guarantee, and Payment, Surety and Performance Bonding to small and
medium size companies and small local contractors. Loan proceeds must be used for a “business
purpose.” A business purpose includes, but is not limited to:
• Start up costs
• Working capital
• Business procurement
• Franchise fees
• Equipment
• Inventory
• Purchase, construction renovation or tenant improvements of an eligible place of business that
is not for passive real estate investment purposes
8. Letters of Credit
A Letter of Credit is a credit product in which the Bank assumes conditional obligation or guarantees
a payment according to the compliance of certain strictly documentary terms and conditions
stipulated in the credit. The Bank uses its own credit to guarantee the payment of a transaction
provided that the established terms and conditions are complied with
Types of Letters of Credit
c. Commercial – it is a payment method guaranteeing a transaction of purchase or sale of
merchandise.
d. Standby – payment mechanism that protects the beneficiary against financial or contractual
non-compliance by the other party (applicant).
9. Letters of Guaranty
A Letter of Guarantee is a document issued on behalf of a Shipping company, releasing them from
liability and becoming, in our case, liable for the total payment of the assets, shipping charges and
any other charges that the supplier and/or Shipping company would bill. It allows the shipping
company to deliver the merchandise to the importer without the liability of its behalf and before
having received the Bill of Lading and as a guarantee of payment of its shipping fees.
10. Commercial Mortgages
Commercial Mortgage are generally granted for the purchase, improvement and/or remodeling of
commercial property.
11. Construction Loans
Construction Loans include loans for the acquisition of land, improvement and construction of
individual homes, twins, row houses, walk-up or condominiums, shopping centers, office buildings,
warehouses.
USVI - Products Description Page 1
USVI PRODUCTS DESCRIPTION
2024
Checking Accounts
1.
Popular Checking®
An affordable account with no overdraft fees. The first account in the Virgin Islands that meets
the national standards of the Bank On program for affordable, convenient, and moderate-cost
accounts. Click here to view the answers to frequently asked questions.
Affordable
• $0 fee for overdrafts, unavailable funds, or insufficient funds.
1
• $0 inactivity fees.
2
• $25 minimum deposit needed to open account.
• $2 monthly service fee, if the balance is $500 or more in the statement period.
• $5 monthly service fee, if the balance is less than $500 in the statement period.
Easy Access
• Manage your account from your mobile phone or computer with
Mi Banco, includes ATH Móvil.
Additional Benefits
• ATH® and ATH® International debit card.
• ATMs throughout the island to deposit
3
checks and cash, pay your bills, and withdraw
money with your mobile phone
4
.
• TeleBanco Popular® available 24/7.
• Access to Mi Banco to verify your balance, transfer money, make payments
5
to more
than 5,000 merchants, deposit
6
checks, and more.
• Security tools like Mi Banco Alerts
7
and two-step verification.
• Optional Reserve Line
8
of up to $50,000.
1
Overdraft, insufficient funds, or unavailable funds charges will not be applied. Likewise, the Overdraft Policies of Banco Popular de
Puerto Rico will not apply to, nor will they be available for this account. This means that we will decline and return as unpaid those
transactions for which you do not have sufficient funds in your account. Although we will not allow you to overdraw your account in
most cases, it is possible for your account to have a negative balance; however, in those cases, we will not charge you overdraft fees.
This could occur, for example, when you authorize a payment with your debit card for an amount less than the amount received by
the bank for your payment (for example, the added tip for a payment at a restaurant).
USVI - Products Description Page 2
2
If you do not make transactions in your deposit account (deposits, withdrawals, payments), inactivity charges will not be applied.
However, the inactivity period remains in place, thus it is important that you continue making transactions in your account to avoid
its status changing to inactive and your money being remitted to the Division of Banking and Insurance of the Virgin Islands (for USVI
customers) and the Ministry of Finance (for BVI customers), in accordance with the applicable laws and regulations. As a reminder, if
you do not make any transactions in a 6-month period, your account will be considered inactive.
3
You can use Easy Deposit service only at ATMs that feature the Easy Deposit logo. All cash deposited before 9:30 p.m. on business
days will be available immediately for all types of transactions. Cash deposits made after 9:30 p.m. on business days and on non-
business days will only be available for purchases or withdrawals using the ATH® debit card. Checks deposited before 6:00 p.m. on a
business day will be processed the same business day, subject to deposit verification and validation. To learn more about the
availability of funds on deposited checks, please refer to the Bank's Policy for Availability of Funds at any of our branches or in the
Deposit Account Agreement.
4
Retiro Móvil is a service offered by Banco Popular de Puerto Rico. This is a free service for customers who have an individual deposit
account and/or business account (Ideal Business® and B-Smart®) of Banco Popular and are registered in the Mi Banco Mobile
application. To withdraw cash, you must have an active ATH® or ATH® International Banco Popular debit card. Non clients will be
able to collect the cash at one of Banco Popular’s ATMs once they download the Mi Banco Mobile application and select Retiro
Móvil. This service is available at all Banco Popular ATMs. Withdrawals are subject to the availability of funds of your account. Refer
to the Funds Availability Policy at any of our branches. Customers can also refer to their Deposit Accounts Contract. Mi Banco Mobile
is a service offered by Banco Popular de Puerto Rico and is free of charge. You should check with your mobile service provider if
charges for data transmission apply.
5
Subject to availability of funds in your account. Certain businesses may take up to five business days to receive the payment. Certain
restrictions apply.
6
Deposits are subject to the provisions of the Bank's Fund Availability Policy. Mobile Easy Deposit is a free service and only for
customers with commercial accounts (Ideal Business® and B-Smart®) and/or individual deposit accounts in Banco Popular.
Customers are selected according to the Bank’s eligibility criteria. Checks deposited before 6:00 p.m. on a business day will be
processed the same business day, subject to verification and validation of the deposit. In the back of the check to be deposited, you
must include: signature, account number and the phrase “For Deposit Only at BPPR”.
7
Alerts and Notifications by SMS is a free service Banco Popular de Puerto Rico offers its clients. Charges may apply for text messages
or data excess according to your cell service plan. Check with your service provider to find out more about your plan.
8
Subject to credit approval. Certain restrictions apply. The Annual Percentage Rate (APR) for using the line is 17.99% APR
2. Ideal
SM
Ideal includes a checking section, an interest-bearing savings section, and a reserve line of
credit
1
all under the same account number.
Account Features:
• $50 minimum initial deposit to open account.
• $9 monthly service fee, not applicable if on each day of the statement period you
maintain ONE of the following: A daily balance of $500 or more in the checking section;
or a balance of $25,000 or more in your CIMA account.
• Tiered interest-yielding savings section, if the average daily balance of the cycle is equal
or greater than $500.
• ATH® card and ATH® International card.
• Unlimited FREE transactions at over 600 Popular ATM’s.
• Up to $50,000 optional Reserve Line of Credit1
• Welcome Bonus of 500 points in the PREMIA® Program.
1
Subject to credit approval. Certain restrictions apply. The Annual Percentage Rate (APR) for using the line is 17.99% APR.
USVI - Products Description Page 3
2
Subject to PREMIA® Program Terms and Conditions. PREMIA® Program is optional and entails a $25 annual membership. The welcome
bonus only applies to the opening of new accounts.
3. Popular Plus®
Popular Plus® account generates interest on its checking and savings sections and offers you
a unique credit line
1
Account Features:
• $200 minimum initial deposit to open the account.
• $12 monthly service fee, not applicable if you maintain ONE of the following: An average
daily balance greater than $2,500 across the checking section and the Money Market
Savings section in the statement period; or a balance of $25,000 or more in your CIMA
account.
• Tiered interest-yielding savings section, if the average daily balance of the cycle is equal
or greater than $500.
• Interest-bearing checking section, if the average daily balance of the cycle is equal or
greater than $500.
• ATH® card and ATH® Gold International card.
• Unlimited FREE transactions at over 600 Popular ATM’s.
• Up to $50,000 optional Reserve Line of Credit
1.
1
Subject to credit approval. Certain restrictions apply. The Annual Percentage Rate (APR) for using the line is 17.99% APR.
2
Subject to PREMIA®
Program Terms and Conditions. PREMIA® Program is optional and entails a regular $25 annual membership, not applicable for Popular Plus
customers. The Welcome Bonus only applies to opening of new accounts.
Electronic Accounts
1. Popular® Access
An affordable account with a transactions section and a savings section that generates
interests.
Account Features:
• $0 minimum initial deposit to open the account.
• Monthly fee of $3.00 if you do not receive e-Statement or a Direct Deposit in the
statement period;
• Monthly fee of $2.50 if you receive your statement through e-Statement in the
statement period;
USVI - Products Description Page 4
• Monthly fee of $2.00 if you receive Direct Deposit in the statement period.
• Monthly fee of $1.50 if you receive e-Statement and a Direct Deposit in the statement
period.
• ATH® card and ATH® International card.
• Unlimited FREE transactions at over 600 Banco Popular ATM’s in VI and PR.
• Two sections under the same account number: one for transactions and another for
savings.
• Fixed interest rates in the savings section, if the average daily balance of the cycle is
equal or greater than $500.
• Automatic transfers starting at $5.00 from the transaction section to the savings section.
• Accumulate points in the PREMIA® Program.
1
1
To be eligible, you must be an active member of the PREMIA® Program. Subject to the terms and conditions of the PREMIA® program
(the Program). For more information about the accumulation, expiration, and use of points and about other terms and conditions, go
to www.premia.com/terms-and-conditions/
.
2. ACADEMIA ACCOUNT
Academia Account is the account created just for college students. It’s affordable, generates
interest and does not require a minimum balance.
Account Features:
• $0 minimum initial deposit to open the account.
• $0 monthly service fee, if you receive a Direct Deposit in the statement period;
• $1.00 monthly service fee, if you do not receive Direct Deposit in the statement period
and receive the monthly statement through e-statement;
• $1.50 monthly service fee, if you do not receive a Direct Deposit in the statement
period.
• ATH® card and ATH® International card.
• Two sections under the same account number: one for transactions and another for
savings.
• Fixed interest rates in the savings section, if the average daily balance of the cycle is
equal or greater than $500.
• Automatic transfers starting at $5.00 from the transaction section to the savings section.
3. E-ACCOUNT
E-account, the checking account that allows you to open and make transactions without leaving
your home. A checking account that is 100% online.
• Convenient online opening, without visiting a branch
1
USVI - Products Description Page 5
• $0 minimum deposit needed to open the account
• $0 monthly minimum balance
• $5.95 monthly service fee, not applicable if in the statement period you perform ONE of
the following: Receive a Direct Deposit, a connection through Internet Banking or an
electronic payment through the answering machine (VRU) or by Internet Banking
• Up to $50,000 optional Reserve Line of Credit
2
• Order your checks through Telebanco Popular or visiting any of our branches
3
• ATH® card and ATH® International card - we will send you an ATH® card by mail. If you
want an ATH® International card, you shall request it through popular.com, Telebanco
Popular® or visiting any of our branches and we will send it by mail. You can validate
both cards online.
1
Under certain conditions you may be required to provide certain information that must be provided by you at one of our branches. Accounts
are opened only on business days. If you attempt to open an account on a Saturday, Sunday or Federal holiday, the request will be processed
on the next business day.
2
Subject to credit approval. Certain restrictions apply. The Annual Percentage Rate (APR) for using the line is 17.99% APR.
3
To use checks you must register your signature by visiting one of our branches. Each order of checks has an additional cost. To order your
checks call (787) 724-3659 (Puerto Rico) or 1-888-724-3659 (United States / Virgin Islands).
4. CIMA
Individual account intended for customers with saving tendencies, technology oriented, who
have certificates of deposits, saving accounts, and are looking for a high yield account with the
flexibility of withdrawals without penalties when needed. Minimum initial deposit: $1,000.
Account Features:
• Tiered interest rates that are computed and credited monthly
• No monthly service charges
• Convenience to view, print, and save up to 18 statements in Mi Banco Online
• If the customer has an Ideal account or a Popular Plus account, the monthly service
charge in these accounts does not apply if a $10,000 balance on the CIMA account is
maintained at the end of the cycle.
Savings Accounts
1.
Popular Savings®
It’s never too late to start saving. Popular Savings® is a simple savings tool that gives you
access to your money around-the-clock.
Account Features:
USVI - Products Description Page 6
• $50 minimum initial deposit to open the account.
• $4 monthly service fee, if the balance on any day of the statement period is less than
$400.
• Tiered interest rates, if the average daily balance of the cycle is equal or greater than
$500.
• ATH® Card and ATH International Card.
2. ATH POP®
Teach your children to manage their money by opening their first bank account with ATH or
an International ATH Visa debit card.
Benefits for parents:
• Open the account with a $25 minimum deposit
• Monitor account activity with Mi Banco Alerts
1
• Transfer money with ATH Móvil
2
, Mi Banco Online or Telepago
• Automatically deposit the change from your transactions to your child’s account
with Direct Deposit Savings
3
• Log in to Mi Banco Móvil app 24/7 to check balance, deposit checks
4
, and much more
• Deposit cash or checks at ATMs identified with Easy Deposit
5.
Benefits for your children:
• Their first ATH® debit card gives them the freedom to make transactions
• ATMs Withdrawals from non-Popular Bank maybe subject to charges from the ATM
owner.
• Learn to save and manage their money at an early age with Mi Banco Móvil
6
• Develop budgeting skills with Money Management Tool in Mi Banco
6
• Withdraw cash at one of our ATMs
• Make transactions online
6
and in commercial establishments around the world with the
International ATH® Visa debit card
• Choose between one of the two designs available for their first ATH® Card
1
Alerts and Notifications by SMS is a free service Banco Popular de Puerto Rico offer its clients. Charges may apply for text messages or data
excess according to you cell service plan. Check with your service provider to find out more about your plan.
2
Requires that both the owner of the account and the person who will receive the transfer, to be registered in the service. To register, you must
have an active debit card with a participating financial institution with the ATH Móvil Service. Other restrictions apply. Please access
athmovil.com to register and to view the terms of conditions or the list of participating Institutions. ATH Móvil is a service of the ATH® Network
from EVERTEC Group, LLC.
3
The Ahorro Directo service applies to purchases made with your BPPR ATH® card and ATH International Visa cards at points of sale (POS).
Service will be effective the next business day after registration.
4
Deposits are subject to the provisions of the Bank's Fund Availability Policy. Mobile Easy Deposit is a free service and only for customers with
commercial accounts (Ideal Business & B-Smart®) and/or individual deposit accounts in Banco Popular. Customers are selected according to the
Bank’s eligibility criteria. Checks deposited before 6:00 p.m. on a business day will be processed the same business day, subject to verification
and validation of the deposit. In the back of the check to be deposited, you must include: signature, account number and the phrase “For
Deposit Only at BPPR”.
USVI - Products Description Page 7
Certain exceptions may apply. For details about the availability of funds, please refer to the Disclosure of Availability of Funds Deposited in
Individual Transaction Accounts (Regulation CC) in your Deposit Account for Individuals Contract.
6
Popular’s websites and online services are not directed to children under the age of thirteen (13) and do not encourage these children to
provide their personal information. Consequently, our policy is that we will not knowingly collect personal information provided by children
under the age of thirteen (13). If we obtain actual knowledge that we have collected such information, we will comply with the requirements of
the Children’s Online Privacy Protection Act (COPPA), including the deletion of such personal information from our systems. For additional
information about COPPA, please visit the Federal Trade Commission’s website at: www.FTC.gov.
3. Junior Savings Club
SM
Junior Savings Club is an account for a father, mother, grandparent(s) or legal guardian(s)
who wish to help their kids understand the importance of saving and learning to prepare for
a responsible financial future. This account includes benefits such as:
Account Features:
• $25 minimum initial deposit to open the account.
• A minimum monthly balance is not required.
• Earns interests when the average daily balance in the cycle is equal or greater than
$100.
• It allows parents, grandparents, or legal guardians to transfer money from their
accounts to the Junior Savings Club.
For children up to 17 years of age.
1Popular’s websites and online services are not directed to children under the age of thirteen (13) and do not encourage these children to
provide their personal information. Consequently, our policy is that we will not knowingly collect personal information provided by children
under the age of thirteen (13). If we obtain actual knowledge that we have collected such information, we will comply with the requirements of
the Children’s Online Privacy Protection Act (COPPA), including the deletion of such personal information from our systems. For additional
information about COPPA, please visit the Federal Trade Commission’s website at: www.FTC.gov.
4. U-Save
A savings account for what you want. The U Save account grows as you make transfers from
other accounts you have at Popular.
When you open online a U Save account, you decide:
• What you want to save for
• When you want to receive your money
1
• From which account you want to transfer your deposits
• To which account you want to transfer your savings
• The frequency of the transfers
Account Features:
USVI - Products Description Page 8
• $0 minimum initial deposit to open the account.
• $0 monthly service fee
• Can be opened online and at any branch
• Generates interest if the average daily balance of the cycle is equal or greater than
$100.
• You can receive credits from Smart Savings service.
Requirements:
• Have a Banco Popular transactional deposit account
• Minimum amount for each electronic transfer: $0.01
1
If you withdraw money at a branch before the date you selected, a $5 fee will apply; changes in the date of withdrawal using My Online
Bank are free of cost.
Commercial Accounts
1. Ideal Business®
Commercial checking account designed for corporations, associations and Doing Business As
(DBA) that generate a large number of transactions. It offers a savings section and a line of
credit
2
on the same account number, thus facilitating the management and tracking of funds.
Benefits:
• Unlimited electronic transactions
3
.
• 30 transactions in paper free of cost
4
.
• ATH
®
card and ATH
®
International Visa Platinum card free of cost
5
.
• $0 service charges if you maintain an average monthly balance
6
.
• The savings module pays tiered interest on your deposits. The greater the balance, the
higher the interest rate received.
• Line of credit between $10,000 and $250,000
2
• Receive your commercial account statement in electronic format with e-Commercial
Statement.
All extensions of credit, whether via credit cards, credit lines or loans, are subject to credit approval. Certain conditions apply.
3
Electronic
transactions are considered: Easy Deposit (deposits through ATMs), Mobile Easy Deposit, Remote Deposit, ACH, Wire Transfers, Mobile ATH,
Telepayment and POS.
4
A $0.50 fee will apply for each paper transaction in excess of 30 during the cycle. Paper transactions are considered paid
checks, deposited checks, and deposit sheets. Electronic transactions do not count towards calculating excess transactions.
5
Available only for
sole owner accounts and/or accounts that do not require joint signatures.
6
An average balance in the checks and savings section (combined
balance) of $2,500 or more is required to avoid a monthly service charge of $12. However, to receive the account statement only electronically
(PDF) you will get a discount of $2.
USVI - Products Description Page 9
2.
B-Smart
If you are a business owner operating as a Doing Business As (DBA) or a professional who is
not in a partnership nor incorporated, or that is a member of sport clubs, graduating class,
or charitable accounts, and you only need one signature on your account, B-Smart
®
is for
you. It’s the checking account that includes a savings section and a line of credit
2
and free
electronic transactions. Also, there’s a credit protection plan available for your credit line
2
.
Benefits:
• Unlimited electronic transactions
3
.
• 15 transactions in paper free of cost
7
.
• ATH
®
card and ATH
®
International Visa Platinum card free of cost
5
.
• $0 service charges if you maintain the combined average balance
8
.
• The savings module pays tiered interest on your deposits. The greater the balance, the
higher the interest rate received.
• Line of credit from $5,000 to $100,000
2
.
• Receive your commercial account statement in electronic format with e-Commercial
Statement.
2
All extensions of credit, whether via credit cards, credit lines or loans, are subject to credit approval. Certain conditions apply.
3
Electronic
transactions are considered: Easy Deposit (deposits through ATMs), Mobile Easy Deposit, Remote Deposit, ACH, Wire Transfers, Mobile ATH,
Telepayment and POS.
5
Available only for sole owner accounts and/or accounts that do not require joint signatures.
7
A fee of $0.50 will apply for each paper transaction in excess of 15 during the cycle. Paper transactions are considered paid checks, deposited
checks, and deposit sheets. Electronic transactions do not count towards calculating excess transactions.
8
An average balance in the checks and savings section (combined balance) of $500 or more is required to avoid a monthly service fee of $5.
However, to receive the account statement only electronically (PDF) you will get a discount of $2.
CD / IRA Accounts
1. Individual Retirement Account (IRA)
An Individual Retirement Account (IRA) is a personal savings plan that provides income tax
advantages to customers that choose to save money for retirement purposes. Banco Popular is
the Custodian of the funds deposited and the Popular Investment System (PISYS) manages the
IRA Account.
Benefits:
• Guaranteed interest rate for the term you choose
• Minimum initial deposit: $500
• Available terms: 1, 2, 3, 5, 7 and 10 years
• Principal and Interests are insured by the FDIC up to $250,000
USVI - Products Description Page 10
Disclosures:
• The interest rate in a fixed-term deposit is guaranteed for the term of the deposit.
Once the instrument is opened, no additional deposits or withdrawals are allowed prior
to the maturity date.
• Penalty for early withdrawal or cancellation prior to maturity is 180 days of interest.
Penalties from the Internal Revenue Service (IRS) may apply.
• Interest is computed daily on the daily balance and accredited monthly.
• The method used to compute the interest is the daily balance. This method applies to
the account’s principal daily periodic rate.
• When the account opening or the deposit is made through cash or non-cash items (e.g.
checks), interest begins to accrue on the working day in which the transaction takes
place.
• Deposits are renewed automatically at maturity, in periods of equal duration. There are
no grace periods for renewals.
• Processing charge: $10.00 per instrument on withdrawals before age 70 and returns of
excess contributions; $50.00 per instrument for rollovers to other eligible institutions.
Additional Information:
• IRA accounts are available only for current residents of the USVI
• To open your IRA accounts visit any of our branches.
Popular offers various investment alternatives. You should obtain detailed information to
determine which is best suited to your needs.
2. Certificate of Deposit
Generate more from your savings with a certificate of deposit (CD) from Popular.
Benefits:
• It pays a guaranteed interest rate according to the amount invested and the term
chosen.
• You can select the term that best fits your needs, from 7 days to 10 years.
• Interests can be credited to your Popular checking or savings account or you can also
capitalize them in the certificate.
• Use funds to guarantee a personal loan1 while the CD continues earning interest.
1
Subject to credit approval.
USVI - Products Description Page 11
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
PR MSA 25020
STATE_CODE STATE ABBR MSA_NAME MSA_CODE COUNTY_NAME COUNTY_CODE TRACT INCOME LEVEL DESIGNATION
72 PR GUAYAMA, PR 25020 ARROYO 015 2801.01 3 MIDDLE
72 PR GUAYAMA, PR 25020 ARROYO 015 2801.02 3 MIDDLE
72 PR GUAYAMA, PR 25020 ARROYO 015 2802.01 3 MIDDLE
72 PR GUAYAMA, PR 25020 ARROYO 015 2802.02 2 MODERATE
72 PR GUAYAMA, PR 25020 ARROYO 015 9915.00 NA
72 PR GUAYAMA, PR 25020 GUAYAMA 057 2701.00 4 UPPER
72 PR GUAYAMA, PR 25020 GUAYAMA 057 2702.01 4 UPPER
72 PR GUAYAMA, PR 25020 GUAYAMA 057 2702.02 3 MIDDLE
72 PR GUAYAMA, PR 25020 GUAYAMA 057 2703.00 3 MIDDLE
72 PR GUAYAMA, PR 25020 GUAYAMA 057 2704.00 1 LOW
72 PR GUAYAMA, PR 25020 GUAYAMA 057 2705.00 4 UPPER
72 PR GUAYAMA, PR 25020 GUAYAMA 057 2706.00 2 MODERATE
72 PR GUAYAMA, PR 25020 GUAYAMA 057 2707.00 3 MIDDLE
72 PR GUAYAMA, PR 25020 GUAYAMA 057 2708.00 3 MIDDLE
72 PR GUAYAMA, PR 25020 GUAYAMA 057 9926.00 NA
72 PR GUAYAMA, PR 25020 PATILLAS 109 2901.00 3 MIDDLE
72 PR GUAYAMA, PR 25020 PATILLAS 109 2902.00 3 MIDDLE
72 PR GUAYAMA, PR 25020 PATILLAS 109 2903.00 3 MIDDLE
72 PR GUAYAMA, PR 25020 PATILLAS 109 2904.00 3 MIDDLE
72 PR GUAYAMA, PR 25020 PATILLAS 109 9900.00 NA
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
PR Non MSA 99999
STATE_CODE STATE ABBR MSA_NAME MSA_CODE COUNTY_NAME COUNTY_CODE TRACT INCOME LEVEL DESIGNATION
72 PR Outside MSA/MD 99999 ADJUNTAS 001 9563.00 2 MODERATE
72 PR Outside MSA/MD 99999 ADJUNTAS 001 9564.00 2 MODERATE
72 PR Outside MSA/MD 99999 ADJUNTAS 001 9565.00 2 MODERATE
72 PR Outside MSA/MD 99999 ADJUNTAS 001 9566.00 2 MODERATE
72 PR Outside MSA/MD 99999 ADJUNTAS 001 9567.00 3 MIDDLE
72 PR Outside MSA/MD 99999 ADJUNTAS 001 9568.00 2 MODERATE
72 PR Outside MSA/MD 99999 COAMO 043 9539.00 3 MIDDLE
72 PR Outside MSA/MD 99999 COAMO 043 9540.00 3 MIDDLE
72 PR Outside MSA/MD 99999 COAMO 043 9541.00 3 MIDDLE
72 PR Outside MSA/MD 99999 COAMO 043 9542.00 3 MIDDLE
72 PR Outside MSA/MD 99999 COAMO 043 9543.00 1 LOW
72 PR Outside MSA/MD 99999 COAMO 043 9544.00 3 MIDDLE
72 PR Outside MSA/MD 99999 COAMO 043 9545.00 3 MIDDLE
72 PR Outside MSA/MD 99999 COAMO 043 9546.00 3 MIDDLE
72 PR Outside MSA/MD 99999 COAMO 043 9547.00 4 UPPER
72 PR Outside MSA/MD 99999 CULEBRA 049 9505.00 4 UPPER
72 PR Outside MSA/MD 99999 CULEBRA 049 9905.01 NA
72 PR Outside MSA/MD 99999 GUÁNICA 055 9609.00 2 MODERATE
72 PR Outside MSA/MD 99999 GUÁNICA 055 9610.00 1 LOW
72 PR Outside MSA/MD 99999 GUÁNICA 055 9611.00 3 MIDDLE
72 PR Outside MSA/MD 99999 GUÁNICA 055 9612.00 2 MODERATE
72 PR Outside MSA/MD 99999 GUÁNICA 055 9613.00 1 LOW
72 PR Outside MSA/MD 99999 GUÁNICA 055 9614.00 4 UPPER
72 PR Outside MSA/MD 99999 GUÁNICA 055 9615.00 3 MIDDLE
72 PR Outside MSA/MD 99999 GUÁNICA 055 9900.00 NA
72 PR Outside MSA/MD 99999 JAYUYA 073 9562.00 2 MODERATE
72 PR Outside MSA/MD 99999 JAYUYA 073 9563.04 3 MIDDLE
72 PR Outside MSA/MD 99999 JAYUYA 073 9563.05 3 MIDDLE
72 PR Outside MSA/MD 99999 LARES 081 9577.00 3 MIDDLE
72 PR Outside MSA/MD 99999 LARES 081 9578.00 3 MIDDLE
72 PR Outside MSA/MD 99999 LARES 081 9579.00 3 MIDDLE
72 PR Outside MSA/MD 99999 LARES 081 9580.01 3 MIDDLE
72 PR Outside MSA/MD 99999 LARES 081 9581.00 3 MIDDLE
72 PR Outside MSA/MD 99999 LARES 081 9582.00 3 MIDDLE
72 PR Outside MSA/MD 99999 LARES 081 9583.00 2 MODERATE
72 PR Outside MSA/MD 99999 LARES 081 9584.00 2 MODERATE
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
PR Non MSA 99999
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
PR MSA 10380
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
PR MSA 11640
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
PR MSA 11640
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
PR MSA 32420
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
PR MSA 32420
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
PR MSA 38660
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
PR MSA 41980
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
USVI Non MSA 99999
STATE_NAME STATE_CODE MSA_NAME MSA_CODE COUNTY_NAME COUNTY_CODE TRACT
USVI 78 Outside MSA/MD 99999 ST. CROIX 10 970100
USVI 78 Outside MSA/MD 99999 ST. CROIX 10 970200
USVI 78 Outside MSA/MD 99999 ST. CROIX 10 970300
USVI 78 Outside MSA/MD 99999 ST. CROIX 10 970400
USVI 78 Outside MSA/MD 99999 ST. CROIX 10 970500
USVI 78 Outside MSA/MD 99999 ST. CROIX 10 970600
USVI 78 Outside MSA/MD 99999 ST. CROIX 10 970700
USVI 78 Outside MSA/MD 99999 ST. CROIX 10 970800
USVI 78 Outside MSA/MD 99999 ST. CROIX 10 970900
USVI 78 Outside MSA/MD 99999 ST. CROIX 10 971000
USVI 78 Outside MSA/MD 99999 ST. CROIX 10 971100
USVI 78 Outside MSA/MD 99999 ST. CROIX 10 971200
USVI 78 Outside MSA/MD 99999 ST. CROIX 10 971300
USVI 78 Outside MSA/MD 99999 ST. CROIX 10 971400
USVI 78 Outside MSA/MD 99999 ST. CROIX 10 971500
USVI 78 Outside MSA/MD 99999 ST. CROIX 10 990000
USVI 78 Outside MSA/MD 99999 ST. JOHN 20 950100
USVI 78 Outside MSA/MD 99999 ST. JOHN 20 950200
USVI 78 Outside MSA/MD 99999 ST. JOHN 20 990000
USVI 78 Outside MSA/MD 99999 ST. THOMAS 30 960100
USVI 78 Outside MSA/MD 99999 ST. THOMAS 30 960200
USVI 78 Outside MSA/MD 99999 ST. THOMAS 30 960300
USVI 78 Outside MSA/MD 99999 ST. THOMAS 30 960400
USVI 78 Outside MSA/MD 99999 ST. THOMAS 30 960500
USVI 78 Outside MSA/MD 99999 ST. THOMAS 30 960600
USVI 78 Outside MSA/MD 99999 ST. THOMAS 30 960700
USVI 78 Outside MSA/MD 99999 ST. THOMAS 30 960800
USVI 78 Outside MSA/MD 99999 ST. THOMAS 30 960900
USVI 78 Outside MSA/MD 99999 ST. THOMAS 30 961000
USVI 78 Outside MSA/MD 99999 ST. THOMAS 30 961100
USVI 78 Outside MSA/MD 99999 ST. THOMAS 30 961200
USVI 78 Outside MSA/MD 99999 ST. THOMAS 30 990000
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
Puerto Rico & USVI – All Counties
BPPR’S 2024 FACILITY BASED ASSESSMENT AREAS
Puerto Rico – All Counties
CRA/HMDA Disclosures
CRA and HMDA disclosures statements are prepared annually by all designated “Large”
institutions; and the institution that regulates said bank makes this information public. The CRA
and HMDA disclosures statements contain information about the loans and income levels of the
population in each county where the bank operates. CRA information is available for your review
on the website of the Federal Financial Institution Examination Council (FFIEC) and HMDA data is
available on the Consumer Financial Protection Bureau (CFPB) portal.
Banco Popular de Puerto Rico, Popular's main subsidiary, provides retail, mortgage and
commercial banking services in Puerto Rico and the Virgin Islands. Member of the FDIC.
Declaraciones CRA/HMDA
Las declaraciones de CRA y HMDA son preparadas anualmente por toda institución designada
como “Grande”; y la institución que regula dicho banco hace pública esta información. Las
declaraciones de CRA y HMDA contienen información sobre los préstamos y los niveles de ingreso
de la población de cada condado donde el banco ejerce operaciones. La información de CRA está
disponibles para su revisión en la página de internet del Federal Financial Institution Examination
Council (FFIEC) y la de HMDA en la página del Consumer Financial Protection Bureau (CFPB).
Banco Popular de Puerto Rico, principal subsidiaria de Popular, provee servicios bancarios al
detal, hipotecarios y comerciales en Puerto Rico e Islas Vírgenes. Miembro del FDIC.
CRA Disclosure Statement
The CRA disclosure statement contains basic information by state on the number and amount of
loans (originated or purchased by the bank) reported for small-business, small-farm and
community development.
To view this information, access https://www.ffiec.gov/. You must provide the "Year" you wish
to review, the "Identification Number" and the "Name" of the bank.
Respondent ID
Institution Name
00009040311
Banco Popular de Puerto Rico
Declaración de la Divulgación de CRA
La declaración de CRA contiene información básica por estado sobre el número y cantidad de
préstamos (originados o comprados por el banco) reportados para pequeños negocios, pequeños
sectores agrícolas y desarrollo comunitario.
Para ver esta información, visite la página https://www.ffiec.gov/. Deberá proveer el “Año” que
desea revisar, el “Número de Identificación” y el “Nombre” del banco.
Respondent ID
Institution Name
00009040311
Banco Popular de Puerto Rico
HMDA Disclosure Statement
Home Mortgage Disclosure Act (HMDA) requires that every lender who receives or does not
receive deposits; collect and publish all information related to originated mortgage applications
and loans including various customer characteristics.
To view this information, access www.consumerfinance.gov/hmda
Declaración de la Divulgación de (HMDA)
La Ley de Declaración de Hipotecas para Vivienda (HMDA) exige que todo prestamista que recibe
o no recibe depósitos; colecte y publique toda información relacionada con aplicaciones y
préstamos hipotecarios originados incluyendo varias características del cliente.
Para ver esta información, visite la página www.consumerfinance.gov/hmda