Edition: September 2006



 Local Lender$

 By Richard Acello



Banco Popular Details

Contact Info

Banco Popular
888 Disneyland Dr.
Anaheim, CA 92802
Phone: (714) 864-5056
Fax: (714) 864-5101
Email: VAguirre@bpop.com

  • California Regional Executive: Vern Aguirre, 60

  • Date opened for business: 1893

  • Assets as of latest quarter: $49 billion.

  • ROA: 1.02 percent.

  • Core capital as percentage of assets: 12.59 percent.

  • Provision for loan losses: $462 million.

  • Plant the flag: 350 branches for the entire bank, 50 in California, with 50 California branches planned over next five years.

  • Employment: 13,210

Directors

  • Richard Carrion, Chairman, CEO

  • Juan Bermudez, partner Bermudez and Longo, electromechanical contractors

  • Jose Carrion Jr., president of Collosa Corp. financial investments

  • Maria Luisa Ferre, president of Ferri Investment Fund Inc.

  • Manuel Morales Jr., president, Parkview Realty Inc.

  • Francisco Rexach, Jr., president, Capital Assets Inc.

  • Frederic Salerno, investor

  • William Teuber, CFO, EMC Corp.

Key personnel

CEO Carrion; Jorge Junquera, chief financial officer; Amilcar Jordan, executive vice president, risk management; Vern Aguirre, California regional executive.

Niche or target customer

Small business; lending limit is up to $50 million


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