SAN JUAN, Puerto Rico--(BUSINESS WIRE)--
Popular, Inc., (NASDAQ:BPOP) announced today that Keefe, Bruyette & Woods,Inc. (KWB) has added Popular,Inc. to its KBW Nasdaq Regional Banking (Index Ticker: KRX, ETF Ticker: KBWR) as part of an index rebalancing for the third quarter of 2016.
The change will be effective prior to the opening of the market on Monday, September 19, 2016. “We are pleased to join the KWB Nasdaq Regional Banking Index,” said Richard L. Carrión, Chairman and Chief Executive Officer, Popular, Inc. “We remain focused on further strengthening the leading position in our main market, Puerto Rico, while supporting the growth of our franchise in the mainland United States as we continue to enhance shareholder value.”
The KBW Nasdaq Regional Banking Index is a modified market capitalization weighted index designed to track the performance of U.S. regional banks or thrifts that are publicly traded in the U.S.
About Popular, Inc.
Founded in 1893, Popular, Inc. is the leading banking institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. banks by assets. Popular provides retail, mortgage and commercial banking services through its principal 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. In the United States, Popular has established a community-banking franchise providing a broad range of financial services and products with branches in New York, New Jersey and Florida under the name of Popular Community Bank.
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