Hurricane Maria

Damage report: Popular’s running toll of natural disasters

01/28/20

The largest bank in Puerto Rico said hundreds of millions of dollars of its mortgages and consumer loans are tied to the parts of the island hit by the recent quake or still recovering from two hurricanes.

[more]

Camille Burckhart, Popular Inc. | Most Powerful Women: Next

04/28/19

As part of the continuing rebuilding effort in Puerto Rico after Hurricane Maria, Banco Popular's nonprofit foundation has several startups working out of its main location in San Juan. For Camille Burckhart, it is part of a mission to help the island get back to normal.

[more]

Sounder economic data could pay off for Puerto Rico — and its banks

03/17/19

The federal government's more active role in GDP, payroll and other vital statistics produced by the island could hasten its recovery from Hurricane Maria and lift lending and bank valuations at the same time.

[more]

Will this be CRE lenders' new best friend?

10/29/18

Federal "Opportunity Zones" that reduce exposure on capital gains could draw rich investors — and commercial lenders along with them — into economic development projects in thousands of troubled communities around the country.

[more]

Puerto Rico's biggest bank finds ways to grow as island population shrinks

10/24/18

Popular's 16% gain in deposits and a recent acquisition bode well for its future even though there has been a major net loss of residents since Hurricane Maria.

[more]

Could lenders have done anything differently in Puerto Rico?

09/27/18

Few small businesses in Puerto Rico applied for credit to finance recovery from hurricane damage. The reasons are instructive for financial institutions’ response to disaster recovery, the New York Fed says.

[more]

Popular rebounds from Maria, but Puerto Rico's challenges endure

09/21/18

The San Juan company has largely recovered from the hurricane that hit a year ago, and it has made extensive preparations for future natural disasters. Yet its home market is still suffering from debt and net outmigration of residents.

[more]

FHA revises loss mitigation options for hurricane victims

08/16/18

The new policy, meant to assist borrowers in Puerto Rico and the U.S. Virgin Islands, will let servicers evaluate borrowers using pre-disaster payment information.

[more]

When disaster strikes, digital banking can become a lifeline

06/04/18

Hurricane Maria left behind a shattered Puerto Rico. Camille Burckhart and her technology team at Banco Popular found that they were uniquely positioned to help people rebuild. She has been selected one of our Digital Banker of the Year finalists for 2018.

[more]

Tape, batteries and attaboys: A natural-disaster checklist for banks

05/14/18

With hurricane season just weeks away, bankers from coastal markets share the hard lessons learned after the storms that belted Florida, the Gulf Coast and elsewhere last year. Their advice can be applied in all kinds of emergencies.

[more]