0001157523-14-003716.txt : 20140916 0001157523-14-003716.hdr.sgml : 20140916 20140916145514 ACCESSION NUMBER: 0001157523-14-003716 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140915 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140916 DATE AS OF CHANGE: 20140916 FILER: COMPANY DATA: COMPANY CONFORMED NAME: POPULAR INC CENTRAL INDEX KEY: 0000763901 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 660667416 FISCAL YEAR END: 1212 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34084 FILM NUMBER: 141105296 BUSINESS ADDRESS: STREET 1: 209 MUNOZ RIVERA AVE STREET 2: POPULAR CENTER BUILDING CITY: HATO REY STATE: PR ZIP: 00918 BUSINESS PHONE: 7877659800 MAIL ADDRESS: STREET 1: P.O. BOX 362708 CITY: SAN JUAN STATE: PR ZIP: 00936-2708 FORMER COMPANY: FORMER CONFORMED NAME: BANPONCE CORP DATE OF NAME CHANGE: 19920703 8-K 1 a50944047.htm POPULAR, INC. 8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): September 15, 2014

POPULAR, INC.
(Exact name of registrant as specified in its charter)

Puerto Rico

(State or other jurisdiction

of incorporation)

001-34084

(Commission File

Number)

66-0667416

(I.R.S. Employer

Identification No.

209 Munoz Rivera Avenue

Hato Rey, Puerto Rico

(Address of principal executive offices)

00918

(Zip Code)

(787) 765-9800

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

On September 15, 2014, Popular, Inc. (the “Corporation”) issued a press release announcing that Popular Community Bank, its U.S. banking subsidiary, had completed the previously announced sale of its Central Florida regional operations to Harbor Community Bank, a wholly-owned subsidiary of HCBF Holding Company, Inc.

A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press release dated September 15, 2014

Exhibit 99.1 shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into any of the Corporation’s filings under the Securities Act of 1933, as amended, unless otherwise expressly stated in such filing.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Popular, Inc.
			(Registrant)

Date:	September 16, 2014	By:	/s/ Jorge J. García
			Name: Jorge J. García
			Title: Senior Vice President and
			Corporate Comptroller

EX-99.1 2 a50944047ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

Popular Community Bank Completes the Sale of its Central Florida Regional Operations

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--September 15, 2014--Popular, Inc. (NASDAQ:BPOP) today announced that Popular Community Bank (“PCB”), its U.S. banking subsidiary, completed the previously announced sale of its Central Florida regional operations to Harbor Community Bank, a wholly owned subsidiary of HCBF Holding Company, Inc.

As part of the transaction, PCB sold its 9 branches in the Central Florida area, including $104 million in loans and $217 million in deposits, each as of August 31, 2014.

The transaction is expected to result in a net premium of approximately $1.0 million, before customary transaction related costs.

This transaction is part of the previously announced strategic reorganization of Popular, Inc.’s U.S. operations, which includes the sale of PCB’s regional operations in California, Illinois and Central Florida and the centralization of certain back office operations in Puerto Rico and New York. With the reorganization, PCB will strengthen its mainland U.S. presence by concentrating on the New York and South Florida markets.

The sale of the Illinois regional operations was completed on August 8, 2014 and the sale of the California regional operations is expected to close prior to the end of 2014.

RBC Capital Markets, LLC acted as financial advisor to Popular. Sullivan & Cromwell LLP, New York, NY, and Holland & Knight LLP., Miami, FL, acted as legal counsels to Popular.

For more information, visit http://www.popular.com

CONTACT:
Popular, Inc.
Investor Relations:
Brett Scheiner, 212-417-6721
Investor Relations Officer
or
Media Relations:
Teruca Rullán, 787-281-5170 or 917-679-3596 (mobile)
Senior Vice President, Corporate Communications