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Ponce Bank serves the underserved

Independent Banker

They named the community bank after the Spanish explorer and governor of Puerto Rico, Juan Ponce de León, to honor its founders’ roots. “If The businesspeople recognized that and said, ‘Listen, we’ve got to essentially pull the community’s resources together so that we can lend and help businesses grow.’”.

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

Jeff For Banks

Twenty-six percent of the bank is owned by the Board, Executive Management, and the ESOP. and Puerto Rico banking laws and regulations. Founded in 1964, OFG's banking subsidiary, Oriental Bank , is one of Puerto Rico's largest banks, and is focused on the island and the U.S. I would call that stakeholder alignment.

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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

That makes the credit score provider the second most valuable alum (after Lending Club , currently trading at $6 billion). Payments risk & compliance management. Tax & accounting practice management. Online investment manager. Puerto Rican marketplace lender. HQ: Puerto Rico. Total raised: $2.1

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Fizzle Of The Week: Puerto Rico’s Cash Crisis

PYMNTS

Wells CEO Tim Sloan has gotten a letter from the Senate Committee on Small Business and Entrepreneurship asking for information and insight into the firm’s small business lending practices. Fizzle of the Week: Puerto Rico’s Cash Crisis. Puerto Rico is short on cash. Sending in more cash isn’t all that easy.

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CUs Try To Solve The Cannabis Cash Conundrum

PYMNTS

As quoted by the Credit Union Times and other sources this past week, Hood said, “It’s a business decision for the credit unions if they want to take the deposits,” adding, “We don’t get involved with micro-managing credit units.”. The statements come as legislation looms for debate in the U.S.