Company: BPOPM
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001193125-25-043848
Chunk: 59

Company: POPULAR, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 5
Chunk 59
---
Item 5 
Market for Registrant’s Common Equity, Related Stockholder Matters and 
Issuer Purchases of Equity Securities 
41 
Item 5,
“Market for
Registrant’s Common
Equity,
Related Stockholder
Matters and
Issuer Purchases
of 
Equity Securities” for further information on Popular’s
distribution of dividends and repurchases of equity
securities. 
See
“Puerto
Rico
Regulation”
below
for
a
description
of
certain
restrictions
on
BPPR’s
ability
to
pay
dividends
under 
Puerto Rico law. 
Interstate Branching
The Dodd-Frank
Act amended
the Riegle-Neal
Interstate Banking
and Branching
Efficiency Act
of 1994
(the “Interstate 
Banking
Act”)
to
authorize
national
banks
and
state
banks
to
branch
interstate
through 
de
novo

branches. For
purposes
of
the 

  18 
Interstate Banking Act, BPPR is treated as a state bank and is subject to the same restrictions on interstate branching as other state 
banks. 
Activities and Acquisitions
In general, the BHC Act limits the activities
permissible for bank holding companies to the business of banking, managing 
or controlling banks and such other activities as the Federal Reserve Board has determined to be so closely related to banking as to 
be
properly
incidental
thereto.
A
company
that
meets
management
and
capital
standards
and
whose
subsidiary
depository 
institutions meet management,
capital and
Community Reinvestment Act
(“CRA”) standards may
elect to
be treated
as a
financial 
holding company
and engage
in a
substantially broader
range of
nonbanking financial
activities, including
securities underwriting 
and dealing, insurance underwriting and making
merchant banking investments in nonfinancial
companies. 
In order for a bank holding company to elect to be treated as a financial
holding company, (i) all of its depository institution 
subsidiaries
must
be
well capitalized
(as described
above)
and
well managed
and
(ii)
it
must
file a
declaration with
the Federal 
Reserve Board that it elects to be a “financial holding