Popular Appoints Investor Relations Officer

Popular, Inc. ("Popular") BPOP announced today the appointment of Mr. Paul J. Cardillo as Investor Relations Officer of Popular. Mr. Cardillo will report to Popular's Chief Financial Officer, Mr. Carlos J. Vázquez.

Prior to joining Popular, Mr. Cardillo served as Director and Financial Services Specialist of Equity Sales for Deutsche Bank and prior to that he was Senior Vice President and Financial Services Specialist of Equity Trading for Jefferies LLC. He has also held positions in the finance field at Plia Systems, Sanford C. Bernstein and Lehman Brothers.

"We certainly will benefit from Mr. Cardillo's expertise in the financial arena. We welcome him to the team," said Ignacio Alvarez, Chief Executive Officer of Popular.

Mr. Cardillo has a BA in Psychology from Vassar College.

About Popular, Inc.

Popular, Inc. is the leading financial institution in Puerto Rico, by both assets and deposits, and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular's principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands. Popular also offers in Puerto Rico auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. In the mainland United States, Popular provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida.

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