Popular Bank Awarded Five-Star Rating From BauerFinancial For 19th Consecutive Quarter
Premier Rating Firm Recognizes Popular Bank Among Top Tier Financial Institutions.
New York, NY – February 27, 2020 – Popular Bank, a subsidiary of Popular, Inc. (NASDAQ: BPOP) received the distinguished five-star rating from BauerFinancial for the 19th consecutive quarter. The rating, which is based on an analysis of financial data reported as of December 31, 2019, signals a superior banking performance for the fourth quarter of 2019 and is the firm’s highest rating.
“We are very pleased to be once again recognized as a premier financial institution by BauerFinancial,” said Popular Bank Chief Operating Officer Manuel Chinea. “This recognition not only speaks to the strength of our organization across many areas, it also signals our long-standing financial performance and commitment to providing the highest level of service to our customers, communities, and partners.”
BauerFinancial is the the nation’s premier bank and credit union rating firm. According to the firm, star ratings classify each institution based upon a complex formula factoring in current and historical data, including the evaluation of capital level of the institution followed by other relevant data including, but not limited to: profitability, historical trends, loan delinquencies, repossessed assets, reserves, regulatory compliance and asset quality. The firm’s star-ratings are assigned on a scale of zero to five-stars and reflect the overall financial strength of the institution. The firm has been analyzing and reporting on the performance of U.S. banks and credit unions since 1983.
About Popular Bank
Popular Bank is the mainland subsidiary of Popular, Inc. (Nasdaq: BPOP), which ranks among the top 50 U.S. banks by assets. Popular, Inc. brings more than 125 years of success in banking, driven by integrity and values. Popular Bank leverages its financial expertise to enable customers to focus on what matters most. Leveraging its institutional depth, Popular Bank works side-by-side with business and retail customers delivering competitive business and retail offerings including Retail and Private Banking, Commercial Lending, Mortgage Services, Association Lending, Healthcare financing, and Middle Market banking. Popular Bank has branches in New York, New Jersey, and Florida, and provides 24/7 digital banking solutions and access to 55,000 ATMs through the Allpoint network.1
1. Surcharge-free Access to Allpoint ATMs to ATM access or withdrawals completed with a Popular Mastercard® Debit Card. Popular Bank and its affiliates are not affiliated with ATM National, LLC. Allpoint is a registered trademark of ATM National, LLC.