BPOP Popular Inc

The law firm of Izard Nobel LLP, which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the District of Puerto Rico on behalf of those who purchased the securities of Popular, Inc. ("Popular" or the "Company") (NASDAQ: BPOP) between January 23, 2008 and January 22, 2009, inclusive (the "Class Period").

The Complaint charges that Popular and certain of its officers and directors violated federal securities laws. Specifically, the Complaint alleges that defendants failed to disclose the following material adverse facts, among others: (i) that the Company's deferred tax assets related to its U.S. operations were materially overstated; (ii) that Popular was experiencing increasing loan losses in Puerto Rico and the U.S. construction sectors; (iii) that the quality of the Company's remaining mortgage-related loans in its U.S. mainland portfolios and other assets were deteriorating and were materially overstated; (iv) that Popular was experiencing a higher percentage of non-performing loans; (v) that the Company's new loan originations were declining; and (vi) as a result of the foregoing, the Company would soon be facing liquidity concerns and would be forced to cut or eliminate paying a dividend to shareholders.

If you are a member of the class, you may, no later than July 13, 2009, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.

While Izard Nobel LLP has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, and your rights, visit: www.izardnobel.com/popular/, or contact Izard Nobel LLP toll-free at (800) 797-5499, or by e-mail: firm@izardnobel.com. For more information about class action cases in general, please visit our website: www.izardnobel.com.

CONTACT: Nancy A. Kulesa or Wayne Boulton (800) 797-5499 www.izardnobel.com Email Contact