May 25, 2007 -- Banco Popular has announced the grand opening of its newest Branch in Sugar Estate.
The branch will relocate from its current location in Lockhart Gardens to a new building next to McDonald’s, according to a news release from the company. The new branch will open its doors to the community at 8:30 a.m. Tuesday and will be open normal banking hours for business. The current location will close at noon Friday, June 1, to allow for the move to the new facility.
The new 10,000 square-foot, two-story building features ample free parking, more areas for personal banking, 24-hour ATMs, four drive-through stations, five teller stations, night depository and a customer-reception area, the news release said.
“We are constantly striving to increase convenience with progressive banking facilities and services for our customers," said Valentino I. McBean, regional branch manager and senior vice president of Banco Popular. "This new Sugar Estate branch is one of many enhancements planned for the Virgin Islands region as we continue to provide the level of performance the community has come to expect from Banco Popular.”
Banco Popular was originally founded in Puerto Rico in 1893 and opened its first doors in the Virgin Islands in 1981. Quickly establishing a leadership position in the territory, by 1993 Banco Popular became the largest bank in the Virgin Islands, according to the news release. Today Banco Popular has five branches on St. Thomas, two on St. Croix and one on Tortola, with plans for further expansion.