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Ponce Bank serves the underserved

Independent Banker

A cluster of community activists and business leaders pooled their resources to form Ponce de León Federal Savings and Loan Association, which opened its first branch on March 31, 1960. They named the community bank after the Spanish explorer and governor of Puerto Rico, Juan Ponce de León, to honor its founders’ roots. “If

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Popular Becomes Second To Launch Credit Cards For Use In Cuba

PYMNTS

and the first in Puerto Rico to offer its credit cards for use in Cuba. In a press release , Popular said the Mastercard credit cards of its two banking subsidiaries, Banco Popular de Puerto Rico and Popular Community Bank, can be used at any of Cuba’s authorized merchants and ATMs throughout the country.

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Banking's Top 5 Total Return to Shareholders: 2022 Edition

Jeff For Banks

My method was to search for the best banks based on total return to shareholders over the past five years. I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments.

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Guest Post: Second Quarter Economic Commentary by Dorothy Jaworski

Jeff For Banks

Investors will now worry about the ripple effect from other countries with debt levels that are unsustainable, including Spain, Portugal, Italy, and closer to home, Puerto Rico, and who have economies that are weak. The Greek referendum and Puerto Rico’s threat of bankruptcy may do the trick. Stay tuned!