On October 28, 2020, Popular Bank announced a strategic initiative to better meet the diverse and growing needs of our customers and communities throughout the greater New York area.
As of January 29, 2021, we have realigned our New York Metro branch network to better serve small businesses, exceed customer expectations and reinvest in local communities. We will continue to invest in digital capabilities and enhance products and services to support the financial well-being of both consumer and commercial customers.
“Popular is committed to meeting the needs of our customers and communities, guided by our 127 year-long legacy. This realignment in our New York Metro market is consistent with our current small business and retail services model in South Florida, which has proven successful, and will continue to drive our institutional success and level of service” said Popular, Inc. President and CEO Ignacio Alvarez. “We are enthusiastic about the possibilities this initiative introduces as we continue to meet the growing and diverse needs of our customers.”
As part of our strategy, we have closed 11 branches within the greater New York area while consolidating other locations.