SAN JUAN, Puerto Rico, May 27 /PRNewswire-FirstCall/ -- Popular, Inc. announced today that at a meeting held on May 21, 2008 its Board of Directors declared a cash dividend of $0.16 per common share. The dividend is payable on July 1, 2008 to stockholders of record as of June 13, 2008. Popular, Inc. is a full service financial services provider based in Puerto Rico with operations in Puerto Rico, the United States, the Caribbean and Latin America. As the leading financial institution in Puerto Rico, with over 300 branches and offices, the Corporation offers retail and commercial banking services through its principal banking subsidiary, Banco Popular de Puerto Rico ("BPPR"), as well as auto and equipment leasing and financing, mortgage loans, consumer lending, investment banking, broker-dealer and insurance services through specialized subsidiaries. In the United States, the Corporation operates Banco Popular North America ("BPNA"), including its wholly-owned subsidiary E-LOAN, and Popular Financial Holdings ("PFH"). BPNA is a community bank providing a broad range of financial services and products to the communities it serves. BPNA operates branches in New York, California, Illinois, New Jersey, Florida and Texas. E-LOAN offers online consumer direct lending and provides an online platform to raise deposits for BPNA. PFH primarily continues to carry a maturing loan portfolio and operates a mortgage loan servicing unit. The Corporation, through its transaction processing company, EVERTEC, continues to use its expertise in technology as a competitive advantage in its expansion throughout the United States, the Caribbean and Latin America, as well as internally servicing many of its subsidiaries' system infrastructures and transactional processing businesses. The Corporation is exporting its 114 years of experience through these regions while continuing its commitment to meeting the needs of retail and business clients through innovation, and to fostering growth in the communities it serves. For additional information contact: Jorge A. Junquera Teruca Rullan Chief Financial Officer Senior Vice President Senior Executive Vice President Corporate Communications 787-754-1685 1-917-679-3596 Or visit our web site at http://www.popular.com/ DATASOURCE: Popular, Inc. CONTACT: Jorge A. Junquera, Chief Financial Officer, Senior Executive Vice President, +1-787-754-1685, or Teruca Rullan, Senior Vice President Corporate Communications, +1-917-679-3596, both of Popular, Inc. Web site: http://www.popularinc.com/

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