Market Overview

Popular Appoints Investor Relations Officer

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Popular, Inc. ("Popular") (NASDAQ: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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