Mr. Chinea has over 23 years of service at Popular. Some of his previous responsibilities were Retail Banking Operations, Marketing, Product Development Care Center, Popular Investments, and Consumer Loan Units, among others. Mr. Carrión stated that, “Manuel knows our US operations well and I am confident that he will greatly benefit our Institution.” Mr. Chinea will commence in his new role effective on January 28, 2013.Mr. Carrión noted that the changes were part of Popular’s normal management succession process and reflected the depth of talent available in the Company. Founded in 1893, Popular, Inc. is the leading banking institution by both assets and deposits in Puerto Rico and ranks 36th by assets among U.S. banks. In the United States, Popular has established a community-banking franchise, doing business as Popular Community Bank, providing a broad range of financial services and products with branches in New York, New Jersey, Illinois, Florida and California.