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Popular, Inc. Announces Redemption of Capital Securities

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Popular, Inc. ("Popular") (NASDAQ:BPOP) announced today that Popular
North America, Inc. ("PNA"), a wholly-owned subsidiary of Popular,
delivered a redemption notice to The Bank of New York Mellon to redeem,
on September 7, 2018, all outstanding 8.327% Capital Securities, Series
A (liquidation amount $1,000 per security and $52,865,000 in the
aggregate) issued by BanPonce Trust I, a Delaware statutory trust
established by PNA. The redemption price for the 8.327% Capital
Securities, Series A will be equal to $1,000 per security plus accrued
and unpaid distributions up to and excluding the redemption date in the
amount of $1,008.33.

The Capital Securities are held only in book-entry form through The
Depository Trust Corporation ("DTC"). DTC will redeem the Capital
Securities in accordance with its procedures and notify the holders.
Holders of the Capital Securities need not take any action to receive
payment of the redemption price.

This redemption is being made pursuant to Popular's capital plan and
follows the non-objection from the Board of Governors of the Federal
Reserve System.

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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