A Sunset Park bank branch is seeking approval for a state program that would give them millions in public deposits in exchange for offering services for vulnerable populations.

The local branch of Popular Bank is applying to create a Banking Development District (BDD), a state designation designed to encourage the establishment of bank branches in areas with a need for banking services, or to keep existing branches afloat.

The Popular Bank branch in Sunset Park. (Image: Google Maps)

A Sunset Park bank branch is seeking approval for a state program that would give them millions in public deposits in exchange for offering services for vulnerable populations.

The local branch of Popular Bank is applying to create a Banking […]

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