Long a niche player catering nearly exclusively to the retail banking needs of Hispanic clients, a community bank focused on South Florida is stepping into the deeper end of the real estate financing pool with plans to start offering construction loans to developers as early as next year.
The move by Popular Community Bank, a unit of San Juan, Puerto Rico-based Popular Inc., is an unusual one for a bank of its type, which does not securitize its loan portfolio and operates along the lines of a community bank.
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