May 24, 2018 / 12:19 AM / in 3 months

BRIEF-Popular Inc Announces Early Termination Of FDIC Shared-Loss Agreements

May 23 (Reuters) - Popular Inc:

* POPULAR ANNOUNCES EARLY TERMINATION OF FDIC SHARED-LOSS AGREEMENTS

* BANCO POPULAR MADE PAYMENT OF ABOUT $23.7 MILLION TO FDIC AS CONSIDERATION FOR TERMINATION OF SHARED-LOSS AGREEMENTS

* BANCO POPULAR ENTERED INTO TERMINATION AGREEMENT WITH FDIC

* AGREEMENT TO TERMINATE ALL SHARED-LOSS AGREEMENTS RELATED TO ACQUISITION OF ASSETS, ASSUMPTION OF CERTAIN LIABILITIES OF WESTERNBANK PUERTO RICO

* UNDER TERMS OF TERMINATION AGREEMENT, BANCO POPULAR MADE A PAYMENT OF APPROXIMATELY $23.7 MILLION TO FDIC

* POPULAR EXPECTED TO RECORD PRE-TAX GAIN OF APPROXIMATELY $95 MILLION Source text for Eikon: Further company coverage:

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