Banco Popular North America · Rosemont, IL United States
Company Description
Phone: 847-994-5400
Fax: 847-994-6969
Toll Free: 800-377-0800
View Banco Popular North America Locations On A US Map
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This link will open in a new window A subsidiary of Puerto Rican bank Popular , Banco Popular North America (BPNA) provides checking and savings accounts, CDs, credit cards, mortgages, loans, insurance, and investment products to consumer and business clients. Commercial real estate loans, business loans, and residential mortgages make up most of the lending activities of the company, which is one of the nation's leading SBA lenders. BPNA operates more than 100 branches in California, Florida, Illinois, New York, and New Jersey. (It exited Texas in early 2008.) Faced with losses, the company sold its Popular Equipment Financing leasing portfolio and stripped down the offerings of its online unit E-LOAN in 2009. To read the full description, subscribe now.
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Key Banco Popular North America Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $565.8 |
| Employees | 1,716 |
Banco Popular North America Executives
15 executives listed for Banco Popular North America's Rosemont, IL location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Richard Carrión | Network |
| SVP Operations and Technology | Nicolas Mando | Network |
| SVP Marketing and Product Development | Manuel Chinea | Network |
Competition
Competitive Landscape for Banco Popular North America
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Banco Popular North America Competitors
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