|For immediate release|
The Federal Reserve Board on Thursday announced its approval of the notice filed by Popular, Inc., San Juan, Puerto Rico, and its wholly owned subsidiaries, Popular International Bank, Inc., also in San Juan, and Popular North America, Inc., Mt. Laurel, New Jersey, to acquire Quaker City Bancorp, Inc., and its wholly owned subsidiary, Quaker City Bank, a federally chartered savings association, both in Whittier, California; and the application filed by Banco Popular North America, New York, New York, to merge with Quaker City Bank.
Attached is the Order relating to this action.
2004 Orders on banking applications