Banco de Ponce
Encyclopedia
Banco de Ponce was one the largest banks in Puerto Rico
. In 1990 it merged with Banco Popular creating Puerto Rico's largest bank. At this time, Banco Popular's holding company changed its name to BanPonce Corporation. Banco de Ponce had established an agency in New York that it had converted to a branch in 1961. At the time of the merger, Banco de Ponce had nine branches in New York to Popular's six. When Banco de Ponce merged with Banco Popular the new bank became one of the top ten commercial banks in Latin America and one of the top fifty banks in the United States of America.
The bank was founded on August 20, 1917, in Ponce, Puerto Rico
, by Mario Mercado, Amador Torres, Manuel Meiriño, Augusto Quiñones, Francisco Oliver, Antonio Morales, Juan Colón, José de Jesús, Francisco Forteza y Cándido Noriega.
Puerto Rico
Puerto Rico , officially the Commonwealth of Puerto Rico , is an unincorporated territory of the United States, located in the northeastern Caribbean, east of the Dominican Republic and west of both the United States Virgin Islands and the British Virgin Islands.Puerto Rico comprises an...
. In 1990 it merged with Banco Popular creating Puerto Rico's largest bank. At this time, Banco Popular's holding company changed its name to BanPonce Corporation. Banco de Ponce had established an agency in New York that it had converted to a branch in 1961. At the time of the merger, Banco de Ponce had nine branches in New York to Popular's six. When Banco de Ponce merged with Banco Popular the new bank became one of the top ten commercial banks in Latin America and one of the top fifty banks in the United States of America.
The bank was founded on August 20, 1917, in Ponce, Puerto Rico
Ponce, Puerto Rico
Ponce is both a city and a municipality in the southern part of Puerto Rico. The city is the seat of the municipal government.The city of Ponce, the fourth most populated in Puerto Rico, and the most populated outside of the San Juan metropolitan area, is named for Juan Ponce de León y Loayza, the...
, by Mario Mercado, Amador Torres, Manuel Meiriño, Augusto Quiñones, Francisco Oliver, Antonio Morales, Juan Colón, José de Jesús, Francisco Forteza y Cándido Noriega.
See also
Banco de Ponce (building)Banco de Ponce (building)
The Banco de Ponce building, a historic building in Ponce, Puerto Rico, was the first and main office of Banco de Ponce until the company merged with Banco Popular in 1990. Though its headquarters had moved to a presumptous building in Hato Rey's Milla de Oro by then, Banco de Ponce continued to...