The following press release was published by the Board of Governors of the Federal Reserve System on April 30, 2010. It is reproduced in full below.

The Federal Reserve Board on Friday announced its approval of the application by Banco Popular de Puerto Rico, Hato Rey, to acquire assets and assume liabilities of Westernbank Puerto Rico, Mayagüez, both of Puerto Rico, pursuant to the emergency provisions of the Bank Merger Act.

Attached is the Board's Order relating to this action.

Source: Board of Governors of the Federal Reserve System