Industry News

E-Loan to be acquired by Puerto Rico’s largest bank

Popular puts up $300 million for consumer-direct lender
Published on Aug 3, 2005

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by CareyBot

Popular, Puerto Rico’s largest bank, said this morning it had agreed to buy online consumer-direct lender E-Loan for about $300 million in cash, expanding its U.S. lending businesses. The transaction will expand Popular’s reach in the U.S. market and complement ...