SOURCE: World Street Fundamentals

May 23, 2011 09:00 ET

US Banking Sector Endeavors Recovery -- Industry Report Featuring Popular, Inc. and Citizens Republic Bancorp, Inc.

HONG KONG--(Marketwire - May 23, 2011) - Today, released its industry report highlighting Popular, Inc. (NASDAQ: BPOP) and Citizens Republic Bancorp, Inc. (NASDAQ: CRBC). Full fundamental and technical analysis is available at

The United States banking industry is still questionable even though we have seen a sizeable recovery in recent quarters and several catalysts are to blame: asset quality is in check, tight regulations and banks tightening their belts, and worst of all the continued rise of residential and commercial foreclosures and loan defaults.

Better news is that while low liquidity, loan demand and revenues continue to plague the financial system, help from the government has kept the industry relatively stable. Banks are aggressively playing "catch-up" concentrating on problem credits in residential and commercial real estate and the government has raised the bar providing substantial capital and debt guarantees.

World Street Fundamentals has highlighted Popular, Inc. because of its diversified operations in three markets: Puerto Rico, the United States mainland and providing processing and other technology services in Puerto Rico, Florida, Venezuela, the Dominican Republic, El Salvador and Costa Rica. The Company's offer in Puerto Rico a range of retail and commercial banking services through its principal bank subsidiary, Banco Popular de Puerto Rico (Banco Popular or the Bank). The entire report on Popular, Inc. (NASDAQ: BPOP) is available here:

World Street has highlighted Citizens Republic Bancorp for its diversified banking and financial services company that is a bank holding company. Citizens provides a range of banking and financial services to individuals and businesses through its subsidiaries Citizens Bank and F&M Bank, Iowa (F&M). These services include deposit products, loan products, and other consumer-oriented financial services, such as safe deposit and night depository facilities, and automated teller machines (ATMs). The entire report on Citizens Republic Bancorp, Inc. (NASDAQ: CRBC) is available here:

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