Popular Community Bank Appoints New NY Metro Region Executive

NEW YORK--(BUSINESS WIRE)--

Popular Community Bank, a subsidiary of Popular, Inc. BPOP and one of the nation's premier community banks, today announced the appointment of Paul Mak, a 35 year banking veteran, as the bank's new region executive for the New York Metro area.

In his new role, Mr. Mak will oversee the Bank's sales, marketing and operations in the New York/New Jersey region, including a network of 40 retail branch network and three lending platforms.

"Paul's expertise and proven track record will greatly enable our growth strategy for Popular Community Bank," said Manuel Chinea, COO of Popular Community Bank. "In his previous position, he successfully restructured a Bank's lending process and streamlined workflow to dramatically increase production. We are thrilled to have him bring those skills to Popular Community Bank and lead our efforts in the New York and New Jersey markets."

Mr. Mak was previously Director and Chief Executive Officer of Doral, FSB. Under his leadership, Doral, FSB opened its doors in October 1999 as a de novo bank with $25 million in capital, and grew to a community bank with 11 retail branches and over $700 million in assets. He also served as Chief Financial Officer of Doral, FSB.

"I am thrilled to leverage my experience and continue Popular Community Bank's mission of being a premier community bank and partner to both our retail and commercial clients," said Mr. Mak.

Prior to joining Doral, FSB, Mr. Mak served as EVP and Deputy General Manager at Bank Central Asia responsible for strategic planning, business development, regulatory compliance and operations. He also held positions at Marine Midland Bank and Citibank.

About Popular Community Bank

Founded in 1893, Popular, Inc. BPOP is the leading banking institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. banks by assets. In the United States, Popular Community Bank has established a community-banking franchise providing a broad range of financial services and products with branches in New York, New Jersey and Florida.

Popular Community Bank's services are available at branches and online at http://popularcommunitybank.com. For customers seeking more information, call 1-800-377-0800 or email popularnet@bpop.com. Find out about the community service of Popular Community Bank on Facebook at www.facebook.com/PopularCommunityBank.

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