EFFECTIVE AUGUST 23RD, 2004
UNITED STATES
FORM 8-K
CURRENT REPORT
Date of Report (Date of earliest event reported) September 3, 2004
POPULAR, INC.
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Commonwealth of Puerto Rico |
No. 0-13818 |
No. 66-0416582 |
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| (State or other jurisdiction | (Commission | (IRS Employer | ||
| of incorporation) | File Number) | Identification No.) |
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209 Muñoz Rivera Avenue Hato Rey, Puerto Rico |
00918 |
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| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code (787) 765-9800
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 2.01. Completion of Acquisition or Disposition of Assets | ||||||||
| Item 9.01. Financial Statements and Exhibits | ||||||||
| SIGNATURE | ||||||||
| Exhibit Index | ||||||||
| EX-99.1 NEWS RELEASE,DATED SEPTEMBER 3,2004 | ||||||||
Item 2.01. Completion of Acquisition or Disposition of Assets
On August 31, 2004, Popular, Inc. completed the acquisition of Quaker City Bancorp. Quaker City is a savings and loan holding company for Quaker City Bank, based in Whittier, California. Quaker City Bank operates 27 retail full service branches in Southern California, including 16 inside Wal-Mart stores. At June 30, 2004, Quaker City reported total assets of $1.9 billion and total deposits of $1.2 billion.
In this transaction Popular, Inc. acquired all of the common stock of Quaker City at the price of $55 cash per share.
Item 9.01. Financial Statements and Exhibits
Exhibit
99.1 News release dated September 3, 2004, announcing the completed acquisition of Quaker City Bancorp by Popular, Inc.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| POPULAR, INC. (Registrant) |
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Date: September 3, 2004
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By: | /s/ Ileana González | ||
| Name: Title: |
Ileana González Senior Vice President and Comptroller |
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