Joseph Culotta Brings More Than 18 Years of Leadership and Wealth Management Expertise to Popular Bank.

NEW YORK, NY – September 15, 2020 – Popular Bank, a subsidiary of Popular, Inc. (NASDAQ: BPOP) and one of the nation’s premier banks, announced today the appointment of Joseph Culotta as Director of Wealth Management for Popular Investments. Culotta will lead the Popular Investments group with more than 18 years of industry and wealth management experience and will report to Matthew Ford, Managing Director, Wealth Management and Private Banking. He will succeed David Peters, the longstanding Program Manager of Popular Investments, who announced his retirement following 19 years of service to Popular Bank.

“We are thrilled to welcome Joe to our Wealth Management leadership team to head our Popular Investments business,” said Ford. “Joe’s valuable and robust experience in the wealth management space and proven track record driving success will accelerate the evolution of our investments business and secure its position as one that is best-in-class among peers.

These efforts, coupled with the expanding capabilities and client service-focused offerings facilitated through Popular Private Client and Popular Mortgage, further our vision to provide a comprehensive range of wealth-related products and services to our consumer and commercial clients.

We would also like to thank David Peters for his many years of dedicated service to our organization. David’s tremendous work and significant contributions to our investments program have empowered us to open this new chapter.”

Prior to joining Popular Bank, Culotta held leadership positions with the wealth management groups of Citibank and most recently, HSBC. During this time, he played a key role in cultivating high net worth client relationships across consumer and commercial platforms.

“I am thrilled to join Popular Bank and fully support their client-first approach to service,” said Culotta. “This vision and initiative is more important than ever during this time of great flux, as clients continue to seek professional advice and guidance to plan for the long-term. The platform Popular has created is built with clients’ needs at the forefront. I look forward to being a part of this legacy.”

Culotta is a graduate of Pace University’s Lubin School of Business, earning an MBA in Finance and Finance Management Services.

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

To learn more, visit PopularBank.com or call 1-800-377-0800. Find out more about Popular Bank’s commitment to community service at PopularBank.com/About-us/.