Popular, Inc. Announces Joaquín E. Bacardí, III Not Stands for Re-Election as Director
January 22, 2024 at 01:23 pm EST
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On January 17, 2024, Joaquín E. Bacardí, III informed the Corporate Governance and Nominating Committee of the Board of Directors of Popular, Inc. of his decision not to stand for re-election to the Corporation?s Board upon the expiration of his current term, which expires at the Corporation?s 2024 Annual Meeting of Shareholders, scheduled for May 9, 2024. Mr. Bacardí has served as a director of the Corporation and its two banking subsidiaries, Banco Popular de Puerto Rico and Popular Bank, since 2013. Mr. Bacardí?s decision not to stand for re-election did not result from any disagreement with the Corporation on any matter relating to the Corporation?s operations, policies or practices.
Popular, Inc. (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean. The Company's BPPR segment provides retail, mortgage and commercial banking services through its banking subsidiary, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. The Company's BPNA segment consists of Popular North America, Inc. (PNA) functioning as the holding company for its operations in the United States. It also operates PNA's subsidiary, E-LOAN, Inc. The banking operations of BPNA in the United States mainland are based in New York, Florida and New Jersey, conducted under the name of Popular Community Bank.
POPULAR, INC. 
