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Stock Market & Financial Investment News

News Breaks
April 4, 2014
13:31 EDTBPOPPopular hires RBC to sell Chicago branches, Crain's says
Popular has hired RBC Capital Markets to manage the sale of its 12-branches in the Chicago area, which are expected to fetch between $5M to $15M, according to Crain's Chicago Business, citing people familiar with the matter. Reference Link
News For BPOP From The Last 14 Days
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November 10, 2014
09:03 EDTBPOPBanc of California completes acquisition of Popular unit
Banc of California (BANC) announced the Company’s wholly owned banking subsidiary, Banc of California, N.A., completed its acquisition of select assets and assumption of certain liabilities of the California branch network of Popular Community Bank, the U.S. banking subsidiary of Popular, Inc. (BPOP) on November 8, 2014. The acquisition included twenty branch locations and approximately $1.1 billion in loans and $1.1 billion in deposit balances. The Company’s total assets upon completion of the transaction exceed $5.5 billion. In addition, the Company announced that it had completed the previously announced sale of common stock to funds affiliated with Oaktree Capital Management, L.P. and Patriot Financial Partners, L.P. Wachtell, Lipton, Rosen & Katz served as legal advisor to the Company on the acquisition and capital raise transactions.

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