Popular Bank: Company Market Research Report

Company Overview

• Name: Popular Bank

• Mission Statement: Deliver personalized and differentiated financial experiences, focusing on long-term customer relationships across generations.

• Foundation:

• Founded by Popular, Inc. in 1893.

• Popular Bank, as a subsidiary, began operations in 1961.

• Key People: No information is available.

• Headquarters: 85 Broad Street, New York, NY 10004

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For:

• One of the 50 largest U.S. banks by assets.

• Thriving in the financial services sector in the United States, Latin America, and the Caribbean.

• A strong sense of heritage and commitment to customer service established over a century ago.

Products

Banking Services

• Personal Banking

• Checking and Savings Accounts: Competitive rates and tiered CD rates.

• Online and Mobile Banking: 24/7 digital access with enhanced features for seamless user experiences.

• Credit Cards: Eight different options, catered to various customer needs.

• Home Mortgages and Equity Lines: Comprehensive mortgage options with tailored financing solutions.

• Business Banking

• Lending: Tailored solutions for small and large businesses.

• Treasury Management: Strategic economic initiatives emphasizing community investment.

• Investment and Insurance

• Retirement Planning: Guidance for long-range financial goals.

• Investment Accounts: Offered through Osaic Institutions, not FDIC insured, subject to market risks.

Key Features

• Popular Mastercard® Debit Card: Integrated with mobile banking for easy access.

• 55,000+ Worldwide ATMs Access: Broad ATM network with Allpoint® affiliation.

Recent Developments

• Platform Update (2025): Introduction of a new Popular Online Banking user interface with a vertical menu for enhanced navigation and user experience.

• Partnerships and Community Involvement:

• Collaboration with Bottomless Closet for first-time homebuyers.

• The Popular Foundation's investment exceeding $6.5 million in community-focused programs and non-profits, emphasizing financial literacy and economic empowerment.

• Technological Enhancements:

• Augmented user experiences on online platforms include integration of more intuitive service categories and functional accessibility features.

• A focus on digital banking and strategic community investments reflecting the company's commitment to sustainability and technological evolution.

This structured report presents a comprehensive view of Popular Bank based on the available data, highlighting its market position, product offerings, recent innovations, and community initiatives.