February 27, 2015
Federal Reserve Board announces approval of applications by Banco Popular North America
For immediate release
The Federal Reserve Board on Friday announced its approval of the applications by Banco Popular North America, New York, New York, to (1) acquire certain assets and assume certain liabilities from Doral Bank, San Juan, Puerto Rico, pursuant to section 18(c) of the Federal Deposit Insurance Act; and (2) establish and operate branches at the locations of the acquired branches of Doral Bank, pursuant to section 9 of the Federal Reserve Act.
Attached is the Board's Order relating to this action.
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