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Popular Names Robert Carrady to Board of Directors

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Popular, Inc. ("Popular") (NASDAQ:BPOP) announced today that its Board
of Directors elected Robert Carrady as an independent director of the
company, effective January 1, 2019. Mr. Carrady was also appointed as a
member of the Risk Management Committee of the Board.

Mr. Carrady is the President of Caribbean Cinemas, a family-owned
business and the largest movie theater chain in the Caribbean, with
approximately 570 screens in 68 locations across Puerto Rico, the
Dominican Republic and several other Caribbean islands, as well as in
Guyana, Panama and Bolivia. He joined the family business upon
graduating from Tufts University, where he majored in Economics, and
quickly became an integral part of the company's rapid and solid growth.
Mr. Carrady has developed every aspect of the company, which today
manages in-house the construction of new sites, theatre operations, film
buying, food concessions, screen advertising, game room concessions, and
real estate leasing and management.

"We are happy to bring Robert Carrady on board. He brings with him many
years of experience as a business leader and entrepreneur, as well as a
thorough understanding of the Caribbean region, one of the markets where
Popular operates," said Richard L. Carrión, Executive Chairman of
Popular, Inc. "We are confident that he will add great value to our
Board and look forward to his insights and advice."

Mr. Carrady has been closely involved in education projects in Puerto
Rico and has received many recognitions for his contributions to the
business community in Puerto Rico and to the cinema industry. In 2018,
he received the CinemaCon Lifetime Career Achievement Award in
Exhibition and the National Association of Theatre Owners Award of
Recognition for contribution towards diligent rebuilding of the cinema
industry in the Caribbean in the aftermath of hurricanes Irma and Maria
in 2017.

About Popular, Inc.

Popular, Inc. is the leading financial institution in Puerto Rico, in
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 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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