Popular, Inc., through its subsidiaries, provides a range of financial products and services in Puerto Rico, the United States, the Caribbean, and Latin America. The company, through Banco Popular de Puerto Rico, offers a range of retail and commercial banking products and services in Puerto Rico and the United States. As of December 31, 2006, the bank operated 191 branches and approximately 590 automated teller machines in Puerto Rico, 7 branches in the U.S. Virgin Islands, 1 branch in the British Virgin Islands, and 1 branch in New York. The company, through its other subsidiaries, also offers auto and equipment leasing and financing, mortgage loans, consumer lending, investment banking, and broker/dealer insurance services, as well as financial advisory, investment, and security brokerage services for institutional and retail customers. In addition, it provides electronic data processing and consulting services; sells and hires electronic data processing equipment; and sells and maintains computer software. Further, the company develops financial processing software applications; sells hardware products, such as ATM, POS, and communication products; provides ATM switching and driving services; and offers various reinsurance products and services, as well as online consumer direct lending services. Popular, Inc. was founded in 1917 and is headquartered in San Juan, Puerto Rico.