Popular Bank Introduces Popular Trust Services
NEW YORK & MIAMI--(BUSINESS WIRE)--Aug 23, 2018--Popular Bank, one of the nation’s premier banks and the principal U.S. mainland operating subsidiary of Popular, Inc. (Nasdaq: BPOP), announced today the launch of Popular Trust Services. Popular Trust Services is part of the Popular Wealth Management and Private Banking Division, which focuses on servicing the bank’s growing high net-worth customer base.
Since Popular Bank launched the Popular Wealth Management and Private Banking Division in June 2017, and aligned its investments, insurance, and national mortgage business lines under a singular wealth management platform, the group has grown to nearly $325 million in assets under management in both deposits and investments.
“We are proud of the momentum and early success of Popular Wealth Management and Private Banking and are thrilled to provide these expanded capabilities to our clients,” said Matthew Ford, Managing Director of Wealth Management and Private Banking. “We have built and continue to supplement our infrastructure organically, customizing the products and services offered to our clients to deliver a seamless and exceptional client experience.”
With over 10 years of trust experience, Anthony Pasculli has been named Popular Bank’s Senior Trust Advisor. Prior to joining Popular Bank, Anthony was a trust officer and managing director with a leading financial institution where he managed in excess of $1B in assets under management. As Popular Bank’s Senior Trust Advisor, Anthony will focus on estate administration, trusts, charitable trusts, foundations, IRAs, investment management accounts, special needs trusts, and other fiduciary and non-fiduciary relationships .
“Over the last year, we have sharpened our focus on bringing a new approach to private banking and creating an experience uniquely suited to each and every client and their specific needs,” said Joshua Harkey, Vice President and Manager of Popular Private Client, Popular Bank’s Private Banking Group. “We are excited to leverage the insight and tenure that Anthony brings to our private banking team and welcome the expanded platform and service model that Popular Trust Services provides to our clients.”
About Popular Bank
Popular Bank is part of Popular, Inc. (Nasdaq: BPOP), which ranks among the top 50 U.S. banks by assets and brings more than 120 years of success in banking, driven by integrity and values. Popular Bank leverages its financial expertise to enable customers to focus on what matters most. Leveraging its institutional depth, Popular Bank works side-by-side with business and retail customers delivering competitive business and retail offerings including Retail and Private Banking, Commercial Lending, Mortgage Services, Association Lending, Healthcare financing, and Middle Market banking. Popular Bank has branches in New York, New Jersey, and Florida, and provides 24/7 digital banking solutions and access to 55,000 ATMs through the Allpoint network.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180823005200/en/
CONTACT: Popular Bank
Ana V. del Valle, 939-250-6662
KEYWORD: UNITED STATES NORTH AMERICA CARIBBEAN FLORIDA PUERTO RICO NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Popular Bank
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PUB: 08/23/2018 09:30 AM/DISC: 08/23/2018 09:31 AM