Popular Bank Receives Five-Star Rating from BauerFinancial for 18th Consecutive Quarter
Recognition Places Popular Bank Among Top Tier Financial Institutions
New York, NY – December 2, 2019 – Popular Bank, a subsidiary of Popular, Inc. (NASDAQ: BPOP) received the prestigious five-star rating from BauerFinancial for the 18th consecutive quarter. The award, which is based on an analysis of current financial data, signals a superior banking performance and is BauerFinancial’s highest rating.
“We’re very pleased that Popular Bank has once again been recognized as a premier financial institution by BauerFinancial,” said Popular Bank Chief Operating Officer Manuel Chinea. “This rating recognizes performance at the highest level in many different areas across our organization, including available capital and asset quality. We will continue to ensure the success and performance of Popular Bank, while working to provide the highest level of service to our customers, communities, and partners.”
According to BauerFinancial, their 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. BauerFinancial 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
Surcharge-free Access to Allpoint ATMs only applies 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.