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Banco Crédito y Ahorro Ponceño was founded on 1 January 1895, [5] [6] and it prospered significantly during the first half of the twentieth century. The bank built its first and main branch in downtown Ponce in 1924, the same that the younger Banco de Ponce had built an equally impressive main office next to Banco Crédito's property. [7]
The Bank continued its growth and by 1961 it already had offices and branches in New York City. By 1989, it had the largest number of branches of any Puerto Rican bank in mainland United States [5] and was the largest Hispanic bank in the United States by deposits. [6] In 1990, Banco de Ponce merged with Banco Popular creating Puerto Rico's ...
1988: Popular is the first bank in Puerto Rico to offer phone-banking. 1990: Popular merged with Banco de Ponce to create the largest bank in Puerto Rico. The holding company took the name BanPonce. (Banco de Ponce had established an agency in New York that it had converted to a branch in 1961.
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The Banco Crédito y Ahorro Ponceño building (or Banco Crédito, for short), a historic building in Ponce, Puerto Rico, was the first and main office of the historic Banco Crédito y Ahorro Ponceño (English: Ponce Credit and Savings Bank), and represents one of the last examples of the once popular turn-of-the-century eclectic architecture.