Roberto R. Herencia is former President of Popular North America (PNA), which includes Banco Popular North America (BPNA) and its subsidiaries Popular Financial Holdings (PFH) and E-Loan, with executive offices based out of Chicago. He was responsible for the day-to-day operations of BPNA’s 143 branch network throughout the country and all of the lending and leasing activities of PNA.
Mr. Herencia was an Executive Vice President of Popular, Inc. and its subsidiary, Banco Popular de Puerto Rico. He was also a member of the Corporation’s Senior Management Council and the Corporate Leadership Circle. He was responsible for the management of the Corporation’s banking operations, and merger and acquisition activity in the U.S. Mainland.
Prior to joining Banco Popular in 1991, Mr. Herencia spent ten years with The First National Bank of Chicago. He joined First Chicago in 1981 as part of its Credit Training Program and went on to spend four years in México as Corporate Banking Associate and Assistant Manager. From 1986 to 1988, he was Assistant Vice President and Deputy Senior Credit Officer for Latin America. In 1989, he became Vice President and Team Leader responsible for the restructure of problem assets in Mexico, Brazil, Venezuela, and the Philippines. In 1990, he became in charge of First Chicago's operations in Latin America as Vice President and Head of the Emerging Markets Division.
Between 1991 and 1996, Mr. Herencia was the U.S. Senior Credit Officer and Head of the U.S. Credit Products Division of Banco Popular de Puerto Rico.
Mr. Herencia is a member of the Board of Directors of The ServiceMaster Company, a registered public corporation. He was a member of the Board of Directors of Banco Popular North America and Popular Financial Holdings. He is a Trustee of the Museum of Science and Industry and Le Moyne College. Mr. Herencia also serves on the Board of Directors of Junior Achievement of Chicago and Operation Hope, Inc., the Economic Club of Chicago, The Executives’ Club of Chicago, The New America Alliance, as well as being a member of DePaul University’s College of Commerce Advisory Council.
In March 2005, Mr. Herencia was chosen as one of the Fast 50 Business Leaders in the area of innovation by Fast Company Magazine. In February of 2004, Mr. Herencia was among five New York area business leaders named “Latino Executive of New York” by the Metropolitan New York Better Business Bureau (BBB) Foundation. Also in 2004, Mr. Herencia made the list as one of the 100 most powerful Latinos by Poder Magazine, a publication of The Economist. Named by Inspire Magazine in 2004 as one of its “Champions of Charity,” Mr. Herencia was also awarded the prestigious Ellis Island Medal of Honor. The Medals are presented to Americans of diverse origins for their outstanding contributions to their own ethnic groups and to American society.
Mr. Herencia, a native of Puerto Rico, graduated Magna Cum Laude and received his B.S.B.A. in Finance from Georgetown University. He received his M.B.A. from the Kellogg School at Northwestern University.
Mr. Herencia and his family live in Glenview, Illinois.