Case Study of a Bank Holding Company

áááááBanco Popular was incorporated in 1893 and is Puerto Rico's largest bank with consolidated total assets of $22.2ábillion, deposits of $13.3 billion and stockholder's equity of $1.8ábillion at Decemberá31, 2003. The Bank accounted for 61% of the total consolidated assets of the Popular Corporation at Decemberá31, 2003. Banco Popular operating 193 branches and over 550 automated teller machines in Puerto Rico.

Competition: The banking business is highly competitive. In addition to competition from other commercial banks, banks face significant competition from non-bank financial institutions. For example, Savings and Loan associations compete aggressively with commercial banks for deposits and loans. Credit unions and finance companies

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d outside of its "home state", except to the extent that a national bank with the same home state is permitted to do so as described under "Interstate Banking Legislation." Puerto Rico is not considered a state for purposes of these geographic limitations. Therefore, Banco Popular has designated the state of New York as its home state. Banco Popular and its direct or indirect subsidiaries are subject to an almost bewildering array of government regulations. Banco Popular North America (BPNA) is a subsidiary of Banco Popular de Puerto Rico. BPNA is subject to supervision and examination by applicable federal and state banking agencies including the Federal Reserve Board. BPNA is subject to review by the Federal Reserve Board and the New York State Banking Department. Other subsidiaries are subject to regulation by the Office of the Comptroller of the Currency. The bank and its subsidiaries are also subject to requirements and restrictions under federal and state law. These restrictions and requirements include the need to maintain reserves against deposits, restrictions on the types and amounts of loans that may be granted and the interest that may be charged on loans. There are also limitations on the other types of investme
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Approximate Word count = 1439
Approximate Pages = 6 (250 words per page)

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