Banco Popular

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

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Banco Popular is headquartered in New York and is the 11^st largest bank in the state of New York. It is also the 121^st largest bank in the nation. It was established in 1999 and as of December of 2011, it had grown to 1,386 employees at 97 locations. Banco Popular's money market rates are 48% higher than the national average, and it has a 4-star health rating.

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

$125 Checking Account Bonus At Banco Popular In CA, FL, IL, NY & NJ (Forum) - 9/20/2010

Banco Popular is still listing a $125 checking account bonus on its website. This appears to be the same promo that I reviewed in this June 2010 blog post. Please refer to that post for the details.

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See Rates for: Savings | Money Market | CD

Banco Popular Savings Account Rates

Apy	Min	Max	Product
0.60%^†	$50k	-	Relationship Savings - Bonus
0.35%^†	$50k	-	Relationship Savings

Banco Popular Money Market Rates

Apy	Min	Max	Product
0.85%^†	$100k	-	Select Money Market - Bonus
0.60%^†	$100k	-	Select Money Market

Banco Popular CD Rates

Apy	Min	Max	Product
1.90%^†	-	-	60 Month Relationship CD - Bonus
1.65%^†	-	-	60 Month Relationship CD
0.85%^†	-	-	12 Month Relationship CD - Bonus
0.60%^†	-	-	12 Month Relationship CD
0.55%^†	-	-	6 Month Relationship CD - Bonus
0.30%^†	-	-	6 Month Relationship CD

Rates updated: 5/14/2012

Data for Q4 2011

Institution Statistics

Banco Popular North America
FDIC Certificate #	34967
BankRate Report	View
Year Established	1999
Employees	1386
Primary Regulator	FED
Assets and Liabilities
Assets	$8.61 billion
Loans	$5.54 billion
Deposits	$6.17 billion
Equity Capital	$1.63 billion
Loan Loss Allowance	$236.96 million
Unbacked Noncurrent Loans	$362.88 million
Real Estate Owned	$32.35 million
Historic Data - December 2010
Assets	$8.99 billion
Equity Capital	$1.58 billion
Loan Loss Allowance	$337.80 million
Unbacked Noncurrent Loans	$633.70 million
Real Estate Owned	$48.07 million
Profit Margin - Quarterly
Net Interest Margin	3.81%
Return on Assets	0.2%
Return on Equity	1.09%
Interest Income	$404.27 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, 2011 Banco Popular had $395.23 million in non-current loans and owned real-estate with $1.87 billion in equity and loan loss allowances on hand to cover it. This gives Banco Popular a Texas Ratio of 21.16% which is 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 significantly from 35.91% as of December 31, 2010 to 21.16% as of December 31, 2011, resulting in a positive change of 41.07%.This indicates that the balance sheet and financial strength for Banco Popular has improved significantly in recent periods.
Deposit Growth
In the past year, Banco Popular has decreased its total deposits by -$418.99 million, resulting in -6.36% 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 poor.
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 $8.61 billion in assets with $1.87 billion in equity, resulting in a capitalization level of 21.70%, which is excellent.

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Vote: 0	Checking Bonus OfferCheckingCashItem	View Promo Details »
	Leave a Comment (4) »
	DataIsGold - July 6, 2011 When I did this offer, the checks weren't free and they were mandatory you couldn't decline in purchasing them. Anonymous - July 7, 2011 This bank offers its products only in select service areas. If you live outside the service area it will decline the application ONLY after you have entered all of your personal information. Thus, they have a ton of information about you when they only need to know your state of residence to determine if they will extend the account to you. There is NO reason why they need to collect all that personal information. I question what they do with what they have needlessly collected from you. Proceed at your own risk!! Anonymous - July 7, 2011 I just opened a Totally Free Checking account and there's an option to choose order checks or not, its not mandatory for me, I live in IL. Anonymous - August 18, 2011 Hi Whether anybody is able to qualify for 125 bonus if they open the account online ? How do you return the old checks & debit card to the bank if you open the account online?