Popular Community Bank Opens “HOPE Inside” Financial Literacy Program at Tremont Branch

Popular Community Bank, a subsidiary of Popular, Inc. (BPOP) and a prominent national community bank, together with partner Operation HOPE has created a Bronx site location, the second site in the city, that will concentrate on home ownership and financial literacy programs for the local community.

The HOPE Inside location at the Popular Community Bank East Tremont Avenue branch, located at the corner of Prospect Avenue in Tremont, offers financial literacy programs and “The Homeownership Program.” The Program includes homebuyer education, workshops, guest speakers, and one-on-one counseling to guide would-be homeowners through the process of realizing their dream of homeownership.

“We are thrilled to launch the HOPE Inside Center in the Bronx, the borough where we opened our first branch in New York more than 50 years ago,” said Brian Doran, New York Metro Region Executive, Popular Community Bank. “We share the same commitment to enhancing our communities and doing all we can to provide financial resources to people who want to take control of their finances and improve their lives. We value our long-term partnership with Operation HOPE and we’re proud to be part of this program.”

This is the second HOPE Inside location opened in a Popular Community Bank branch in New York. The first, inaugurated April 1, 2014, is at 231 West 125thStreet in Harlem. The partnership to develop the HOPE Inside program commenced in November 2013 with a commitment from Popular Community Bank for four locations in the New York area. Popular Community Bank has committed to launch two more HOPE Inside locations this year, starting with a location in Brooklyn’s, Crown Heights area.

“Together we are bringing financial education and resources to underserved neighborhoods, and empowering people in these communities to attain the dream of owning their own home, or to take control of their finances and improve their lives, or to grow a business,” said John Hope Bryant, Founder, Chairman and Chief Executive Officer, Operation HOPE, Inc. “We applaud Popular Community Bank for partnering with Operation HOPE to make these programs a reality for New Yorkers, and for being a model for future HOPE Inside locations to come.”

“This is about helping people succeed financially to make our community stronger,” said HOPE CEO, New York and Division President of Youth Empowerment Group Mary H. Ehrsam. “Financial education gives people the knowledge and information they need to make decisions that will benefit them and their families. Operation HOPE is honored to partner with Popular Community Bank to provide financial empowerment services that will help people set and achieve their financial goals.”

Classes started in late June at the East Tremont branch lobby and guest speakers have been covering loan approval, credit & debt, purchase contracts, escrow/closing costs, necessary paperwork, required savings and more.

Interested participants can obtain more information about the Homeownership Program at the Tremont branch or call (973) 343-9952.

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