Highlighted in the American Banker: Popular to Launch Financial Literacy Partnership with Operation HOPE
Popular Community Bank plans to bring a financial literary program run by nonprofit Operation HOPE to its branches in Harlem and the Bronx.
Popular Community Bank, a division of Popular (BPOP) in San Juan, Puerto Rico, has committed $150,000 to establish the financial education program, according to the company's Thursday press release. The program is part of the nonprofit's HOPE Inside initiative, which offers financial counseling to community members in everyday, high-traffic locations including banks, retail stores and supermarkets.
Financial institutions already participating in HOPE Inside include Bank of the West, a unit of France's BNP Paribas; UnionBanCal, a unit of the Bank of Tokyo-Mitsubishi UFJ Ltd.; and U.S. Bancorp (USB), according to the nonprofit's website.
Popular Community Bank's president, Carlos Vázquez, is a director of HOPE's board, according to the release. The bank has also partnered with HOPE on youth outreach initiatives including financial education course, Banking on Our Future, and entrepreneurial program, Business in a Box.
Popular Community Bank has 91 branches in New York, New Jersey, Illinois, Florida and California. Its holding company has $36 billion of assets.
SunTrust Banks is also a major partner for and around the national HOPE Inside model.