Company: BPOPM
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001193125-25-043848
Chunk: 2

Company: POPULAR, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1
Chunk 2
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addition
to 
BPPR’s commercial
banking operations
in New
York
that include
direct loan
origination and
participating loans
originated by 
PB,
BPPR
offers
or
holds
financial
products
on
a
National
scale
in
the
U.S.
market,
including
personal
loans
previously 
originated under
the E-Loan
brand, purchased
personal loans
originated by
third parties,
and
gathering insured
institutional 
deposits via online deposit gathering platforms. In the U.S. and British
Virgin Islands, BPPR offers a range of banking products, 
including loans and deposits to both retail and
commercial customers. 
For further information about the Corporation’s results segregated by
its reportable segments, see “Reportable Segment Results” in 
the Management’s Discussion
and Analysis of
Financial Condition and Results
of Operations section (“MD&A”)
and Note 36
to the 
Consolidated Financial Statements included in this
Form 10-K. 
Lending Activities 
We concentrate our lending activities in the following areas: 
(1) Commercial. Commercial loans are comprised of (i) commercial and industrial (“C&I”) loans and leases to commercial
customers 
for use in normal
business operations and to finance
working capital needs, equipment purchases or
other projects, (ii) commercial 
real
estate
(“CRE”)
loans
(excluding
construction
loans)
for
income-producing real
estate
properties
as
well
as
owner-occupied 
properties,
and (iii)
multifamily loans with
residential buildings with
five or
more living
units. C&I loans
are underwritten individually 
and usually secured with the assets of the company and
the personal guarantee of the business owners. CRE
loans consist of loans 
for income-producing
real estate
properties and
the financing
of owner-occupied
facilities if
there is
real estate
as collateral.
Non-
owner-occupied CRE
loans are
generally made
to finance
office and
industrial buildings,
healthcare facilities,
and retail
shopping 
centers and are
repaid through cash
flows related to
the operation, sale
or refinancing of
the property.
Multifamily loans, in
certain 
cases, result from the conversion of the