Case Study of a Bank Holding Company

Introduction: According to its annual report filed with the U.S. Securities and Exchange Commission, Popular, Inc. is a publicly traded company. It is a bank holding company, registered under the Bank Holding Company Act of 1956, as amended (the "BHC Act"). The company's principle operating subsidiary, Banco Popular de Puerto Rico (Banco Popular) is subject to the supervision and regulation of the Board of Governors of the Federal Reserve System. The Corporation was incorporated in 1984 under the laws of the Commonwealth of Puerto Rico. It is the largest financial institution in Puerto Rico, with total consolidated assets of $36.4 billion, total deposits of $18.1 billion and stockholders' equity of $2.8 billion at December 31, 2003.

Banco Popular was incorporated in 1893 and is Puerto Rico's largest bank with consolidated total assets of $22.2 billion, deposits of $13.3 billion and stockholder's equity of $1.8 billion at December 31, 2003. The Bank accounted for 61% of the total consolidated assets of the Popular Corporation at December 31, 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

Related Essays

THE BRAZILIAN ECONOMY: A REVIEW The review is in the form of a case study. .... The initial section of the study covers (1) Brazil's .... with the International Monetary Fund, the World Bank, and the .... (3677 15 )

Mutual Funds Segment of the Investment Market .... deal than all load funds, although such may be the case most often .... 43"Nationwide Study: Bankers Foresee Surge in Mutual-Fund Activity," Bank Management, 70 .... (5710 23 )

The Changing Market of Mutual Funds Introduction Th .... deal than all load funds, although such may be the case most often .... Nationwide Study: Bankers Foresee Surge in Mutual Fund Activity." Bank Management, 70 .... (5425 22 )

Sustainable Development & Bank Loans .... typical business processes involving commercial bank business lending .... in Chapter 3, while the case study analysis results .... A study in the mid-1970s confirmed .... (8494 34 )

AIDS AND THE WORK ENVIRONMENT CASE .... 156, 163-167 (1987); and Meritor Savings Bank, FSB v. Vinson .... In the case of a large and well-financed company like .... to Deal with the AIDS Crisis: A Study of the .... (3836 15 )

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

Category: Business - C