Company Description (as filed with the SEC)
Popular is a diversified, publicly-owned financial holding company, registered under the Bank Holding Company Act of 1956, as amended (the “BHC Act”) and subject to supervision and regulation by the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”). Popular was incorporated in 1984 under the laws of the Commonwealth of Puerto Rico and is the largest financial institution based in Puerto Rico, with consolidated assets of $36.5 billion, total deposits of $27.0 billion and stockholders’ equity of $4.1 billion at December 31, 2012. At December 31, 2012, we ranked 36th among bank holding companies based on total assets according to information gathered and disclosed by the Federal Reserve Board. ... More ...