Banco Popular

7 West 51st Street
New York, NY 10019
1-800-377-0800
www.mypopularbanking.com

FDIC

OverView
Rates
Health
Reviews

Banco Popular is headquartered in New York and is the 13^st largest bank in the state of New York. It is also the 124^th largest bank in the nation. It was established in 1999 and as of December of 2012, it had grown to 1,401 employees at 95 locations. Banco Popular's money market rates are 14% higher than the national average, and it has a 4-star health rating.

I suppose they wanted a more English-sounding name. From Popular's press release: After 51 years in New York, Banco Popular, a division of Popular, Inc., becomes Popular Community Bank on June 4 with signage and related rebranding changes at 32 branches i

Banco Popular To Have New Name In August (Forum) - 7/30/2011

From South Florida Business Journal Banco Popular will have a new name on its Florida branches on Monday. The New York-based bank, which is a subsidiary of Puerto Rico-based Popular Inc. (NASDAQ: BPOP), will switch its Florida branches to Popular Communi

Banco Popular continues to offer a pretty good checking account bonus for opening its Totally Free Checking. But there's a new potential gotcha. If the account has fewer than 5 transactions per month ...

2.50% Relationship 5-Year CD At Banco Popular (Forum) - 12/7/2010

The 2.50% APY for a 5-year CD is a relationship rate that requires a checking or savings account with at least a $5K balance. Without the relationship, the rate is 0.25% lower. Having $5K in a low-rate checking or savings account hurts the offer. For

2010

9/20 - $125 Checking Account Bonus At Banco Popular In CA, FL, IL, NY & NJ (Forum)
6/28 - Checking Account Bonus of up to $125 at Banco Popular - CA, FL, IL, NY & NJ
1/30 - Banco Popular $125 Checking Account Promotion - NY and NJ (Forum)

2009

2008

2007

Report an Issue

See Rates for: Savings | Money Market | CD

Banco Popular Savings Account Rates

Apy	Min	Max	Product
0.45%^†	$50k	-	Relationship Savings - Bonus
0.20%^†	$50k	-	Relationship Savings

Banco Popular Money Market Rates

Apy	Min	Max	Product
0.70%^†	$100k	-	Popular Premier Money Market - Bonus
0.45%^†	$100k	-	Popular Premier Money Market

Banco Popular CD Rates

Apy	Min	Max	Product
1.50%^†	$1k	-	60 Month Relationship CD - Bonus
1.25%^†	$1k	-	60 Month Relationship CD
0.75%^†	$1k	-	12 Month Relationship CD - Bonus
0.50%^†	$1k	-	6 Month Relationship CD - Bonus
0.50%^†	$1k	-	12 Month Relationship CD
0.25%^†	$1k	-	6 Month Relationship CD

Rates updated: 5/19/2013

Data for Q4 2012

Institution Statistics

Banco Popular North America
FDIC Certificate #	34967
BankRate Report	View
Year Established	1999
Employees	1401
Primary Regulator	FED
Assets and Liabilities
Assets	$8.68 billion
Loans	$5.58 billion
Deposits	$6.08 billion
Equity Capital	$1.66 billion
Loan Loss Allowance	$176.40 million
Unbacked Noncurrent Loans	$224.01 million
Real Estate Owned	$50.97 million
Historic Data - December 2011
Assets	$8.61 billion
Equity Capital	$1.63 billion
Loan Loss Allowance	$236.96 million
Unbacked Noncurrent Loans	$362.88 million
Real Estate Owned	$32.35 million
Profit Margin - Quarterly
Net Interest Margin	3.71%
Return on Assets	0.39%
Return on Equity	2.03%
Interest Income	$368.97 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Banco Popular had $274.98 million in non-current loans and owned real-estate with $1.83 billion in equity and loan loss allowances on hand to cover it. This gives Banco Popular a Texas Ratio of 14.99% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Banco Popular decreased slightly from 21.46% as of December 31, 2011 to 14.99% as of December 31, 2012, resulting in a positive change of 30.12%.This indicates that the balance sheet and financial strength for Banco Popular has improved slightly in recent periods.
Deposit Growth
In the past year, Banco Popular has decreased its total deposits by -$91.9 million, resulting in -1.49% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Banco Popular has shown is below average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Banco Popular has $8.68 billion in assets with $1.83 billion in equity, resulting in a capitalization level of 21.13%, which is excellent.