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79-516: Bayamón ( Spanish pronunciation: [baʝaˈmon] , locally [baʝaˈmoŋ] ) is a city and municipality in Puerto Rico . Located on the northeastern coastal plain, it is bounded by Guaynabo to the east, Toa Alta and Naranjito to the west, Toa Baja and Cataño to the north, and Aguas Buenas and Comerío to the south. Part of the San Juan metropolitan area , Bayamón

158-628: A bank teller . John S. Reed was selected CEO in 1984, and Citi became a founding member of the CHAPS clearing house in London. Under his leadership, the next 14 years would see Citibank become the largest bank in the U.S., the largest issuer of credit cards and charge cards in the world, and expand its global reach to over 90 countries. As the bank's expansion continued, the Narre Warren-Caroline Springs credit card company

237-559: A barrio called pueblo which contains a central plaza, the municipal buildings (city hall), and a Catholic church. Fiestas patronales (patron saint festivals) are held in the central plaza every year. The central plaza, or square, is a place for official and unofficial recreational events and a place where people can gather and socialize from dusk to dawn. The Laws of the Indies , Spanish law, which regulated life in Puerto Rico in

316-723: A certain amount of social exclusion . A map shows these communities occur in nearly every municipality of the commonwealth. Of the 742 places that were on the list in 2014, the following barrios, communities, sectors, or neighborhoods were in Bayamón: Abra Estrecha, Barriada Vista Alegre, Juan Sánchez, Nuevo, Bda. Cedeño in Pájaros, Collores in Santa Olaya, Corea, Dajaos, El Chícharo, Sector Gandul, El Volcán, La Cambija, La Caridad, La Morenita, Los Viejitos, Papito, Sergio Reyes, Parcelas Sabanas, and Punta Brava. Bayamón

395-882: A female volleyball team, named the Vaqueras de Bayamón , which plays for the Liga de Voleibol Superior Femenino . Bayamón was the home of the Puerto Rico Islanders and Puerto Rico FC of the North American Soccer League . The teams played at Juan Ramón Loubriel Stadium in Bayamón. The city's main soccer team, Bayamón FC , was founded in 1999, and play at matches at Bayamón Soccer Complex . The famous boxing fight between Alexis Argüello and Alfredo Escalera dubbed The Bloody Battle of Bayamon (their first; their equally legendary rematch

474-574: A further $ 20 billion was invested in the company along with guarantees for risky assets of $ 306 billion. The guarantees were issued at a time markets were not confident Citi had enough liquidity to cover losses from those investments. Eventually, the Citi shares the Treasury took over in return for the guarantees it issued were booked as net profit for the treasury as Citi had enough liquidity and guarantees did not have to be used. By 2010, Citibank had repaid

553-744: A passport book with a page for each municipality. The Voy Turisteando Bayamón passport page lists Centro de Conservación de Manatíes , Paseo Lineal over the Bayamón River, and Ron Del Barrilito in the Hacienda Santa Ana , as places of interest. Ron del Barrilito located in the Hacienda Santa Ana is the oldest rum distillery in Puerto Rico. The hacienda features a nature trail . Bayamón celebrates its patron saint festival in May. The Festival de la Santa Cruz

632-842: A position he held until 1933. Under Mitchell, the bank expanded rapidly and by 1930 had 100 branches in 23 countries outside the United States. The policies pursued by the bank under Mitchell's leadership are seen by many people as one of the prime causes of the stock market crash of 1929, which led ultimately to the Great Depression . In 1933, the Pecora Commission , a United States Senate committee, investigated Mitchell for his part in tens of millions of dollars in losses, excessive pay, and tax avoidance, later leading to his resignation. U.S. Senator Carter Glass said of him, "Mitchell, more than any 50 men,

711-496: A revolt against the sugarcane plantation owners and the Spanish colonial government in Puerto Rico. The slave conspiracy was revealed and suppressed, but Xiorro became a hero among the slaves. He is part of Puerto Rico's folklore. Marco Xiorro was owned by Vicente Andino, a militia captain who owned a sugarcane plantation in Bayamón.An earthquake in 1867 caused damages in Bayamón, particularly to its parish church. Puerto Rico

790-674: Is Ramón Luis Rivera Jr. , of the New Progressive Party (PNP). He was elected at the 2000 general elections , succeeding his father, Ramón Luis Rivera , after 23 years. For a list of all the mayors of Bayamón see "External Links". The city belongs to the Puerto Rico Senatorial district II , which is represented by two Senators. Migdalia Padilla and Carmelo Ríos Santiago have served as District Senators since 2005. The municipio has an official flag and coat of arms. The current flag of Bayamón features

869-514: Is Puerto Rico's second-most populous municipality and is part of the large metropolitan area centered around San Juan . Other cities included in the metropolitan area are Guaynabo , Cataño , Toa Baja , Canóvanas , Carolina and Trujillo Alto . Bayamón is served by the Luis Muñoz Marín International Airport . Despite the city's size, it has no weather station. The rivers that pass through Bayamón include

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948-671: Is a major tourist activity in Bayamón. Plaza del Sol and Plaza Rio Hondo are large commercial centers in the city. A suspension bridge in Bayamón is a pedestrian-only bridge, at the time it was built, it was believed to be one of only three of its kind in Puerto Rico. To stimulate local tourism during the COVID-19 pandemic in Puerto Rico , the Puerto Rico Tourism Company launched the Voy Turistiendo (I'm Touring) campaign in 2021. The campaign featured

1027-494: Is a religious and cultural celebration that generally features parades, games, artisans, amusement rides, regional food, and live entertainment. Other festivals and events celebrated in Bayamón include: There are several professional and amateur sports team based in Bayamón. The Vaqueros de Bayamón are the local basketball team that plays at the Baloncesto Superior Nacional league. They are currently

1106-469: Is home to the majority of Citibank's US branches, with 292 branches located in the state.' Citi announced it may return its retail banking presence to Dallas in 2022. Citibank will take more than 9,000 square feet of space in the Berkshire Court building at Preston and Northwest Highway. Construction is scheduled to start on the new office early next year, according to planning documents filed with

1185-463: Is no current maximum interest rate or usury restriction under South Dakota law when a written agreement is formed. In 2005, Federated Department Stores, now Macy's, Inc. , sold its consumer credit portfolio to Citigroup, which reissued its cards under the name Department Stores National Bank (DSNB). As of 2013, Citibank employed 2,900 people in Sioux Falls , South Dakota, and contributed to

1264-476: Is often sold as street food. Other nicknames include "City of Cowboys" ( Ciudad de Vaqueros ), after the local sports team , "City of the Sciences" ( Ciudad de las Ciencias ) after the popular tourist educational attraction , and, more recently, Ciudad del Tapón , due to the high amounts of road traffic congestion there. The Taino , the indigenous peoples who encountered European explorers and settlers, were

1343-579: Is responsible for this stock crash ." On December 24, 1927, its headquarters in Buenos Aires , Argentina, were blown up by the Italian anarchist Severino Di Giovanni , in the frame of the international campaign supporting Sacco and Vanzetti . In 1940 and 1941, branches in Germany and Japan closed. In 1945, the bank handled $ 5.6 billion in Treasury securities for War and Victory Loan drives for

1422-417: Is spread over 11 barrios and the downtown area and administrative center of Bayamón Pueblo . With a population of 185,187 as of the 2020 census , it is the second most populated municipality in the archipelago and island after the capital of San Juan . Two theories exist about the origin of the name Bayamón. According to one, it was named after the local cacique , Bahamon . The other theory states

1501-564: Is the fourth-largest bank in the United States in terms of assets. The City Bank of New York was founded on June 16, 1812. The first president of the City Bank was the statesman and retired Colonel, Samuel Osgood . After Osgood's death in August 1813, William Few became President of the bank, staying until 1817, followed by Peter Stagg (1817–1825), Thomas Smith (1825–1827), Isaac Wright (1827–1832), and Thomas Bloodgood (1832–1843). After

1580-443: Is the primary U.S. banking subsidiary of Citigroup , a financial services multinational corporation. Citibank was founded in 1812 as City Bank of New York , and later became First National City Bank of New York . The bank has branches in 19 countries. The U.S. branches are concentrated in six metropolitan areas, New York City , Chicago , Los Angeles , San Francisco , Washington, D.C. , and Miami . As of 2023, Citibank

1659-644: Is the site of several notable Puerto Rican landmarks and places of interest. Bayamón Central Park is a public park where people gather and relax. Bayamon also hosts the Braulio Castillo Theater, the Francisco Oller Museum, and the José Celso Barbosa Monument. The Bayamón City Hall building is notable by being built across a major divided highway. While walking through a connecting corridor, right above

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1738-647: The American Civil War with $ 50 million in war bonds, opening the first foreign exchange department of any bank (1897), and receiving a $ 5 million deposit to be given to Spain for the US acquisition of the Philippines (1899). In 1865, the bank joined the national banking system of the United States under the National Bank Act and became The National City Bank of New York. By 1868, it was one of

1817-670: The Banque Nationale de la République d'Haïti , which was the sole commercial bank of Haiti and served as the Haitian government's treasury. Citibank then lobbied for the United States occupation of Haiti , which began in 1915. During the occupation, Citibank imposed a US$ 30 million loan on the Haitian government, which was described by communist George Padmore as transforming Haiti into an "American slave colony". Citibank would go on to acquire some of its largest gains in

1896-526: The Goya Foods factory in Bayamón sustained significant damage. Bayamón lies on the northern coastal plain region and Northern Karst Belt in northeastern Puerto Rico. It is bordered by the municipalities of Toa Baja , Cataño , Comerío , Aguas Buenas , Toa Alta , Naranjito , and Guaynabo . Bayamón has a surface area of 43.5 square miles (113.1 km2). The terrain is mostly flat, but it does include some large hills such as La Peña and Vergaras. Bayamón

1975-580: The International Banking Corporation (IBC), a company chartered to conduct banking business outside the U.S., which was forbidden to U.S. national banks. In 1918, IBC became a wholly owned subsidiary and was subsequently merged into the bank. The same year, the bank evacuated all of its employees from Moscow and Petrograd as the Russian Civil War had begun, but also established a branch in Puerto Rico . By 1919,

2054-697: The Juan Ramón Loubriel Soccer Stadium , home of Puerto Rico's only professional soccer team, the Ruben Rodríguez Coliseum , home of the city's male basketball team and female volleyball team, and the Miguel J. Frau Gymnasium . The Rafael Martínez Nadal Sports Complex's main feature is the Pepín Cestero indoor court, where much of the city's minor league basketball and volleyball major events take place. Also,

2133-602: The Juan Ramón Loubriel Stadium and the Ruben Rodríguez Coliseum . The city also has a trolley service with regular routes within Downtown Bayamón . There are 77 bridges in Bayamón. Bayamón serves as the host city for foreign consular representation in Puerto Rico for the following nations: Bayam%C3%B3n barrio-pueblo As was customary in Spain, in Puerto Rico, the municipality has

2212-858: The Metropolitan University (Universidad Metropolitana), better known as UMET, has a campus in downtown Bayamón. The lone line of the Tren Urbano of the San Juan metropolitan area ends at Bayamón station , and three of its stops are located within the city. The Deportivo station , located off the PR-2 Highway, is near the Santa Rosa Mall , the Bayamón Court of First Instance, and the Onofre Carballeira Sports Complex which contains

2291-549: The Nordic cross found in many Northern European flags and is colored in blue and yellow over a white field. It was embroidered by Gloria M. León and maintains the design and colors of its coat of arms. This shield is a symbol and synthesis of the history and the values which distinguish the city of Bayamón. The main colors of the shield are blue and silver, representing the waters of the Bayamón River and recalling that it

2370-578: The PR-5 Highway . The Paseo del Rio (Paseo Lineal) near the Bayamón River is a 6-mile stretch shared by joggers, walkers and cyclists. It is divided in two lanes, one for the bicycles and the other for running or walking. The Rio Bayamón Golf Course is located near one of the endpoints of the trail and is home to most golf activity in the region. Julio Enrique Monagas Park has trails used by mountain bikers to train and compete. It also has cliffs where rappelling enthusiasts can practice. Monagas, as

2449-459: The Panic of 1837 , Moses Taylor acquired control of the company. During Taylor's ascendancy, the bank functioned largely as a treasury and finance center for Taylor's own extensive business empire. Later presidents of the bank included Gorham A. Worth (1843–1856), Moses Taylor himself (1856–1882), Taylor's son-in-law Percy Rivington Pyne I , and James Stillman (1891–1909). In 1831, City Bank

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2528-885: The Río Bayamón , Río Hondo , Río Minillas , Río Bucarabones and Río Cuesta Arriba . Like all municipalities of Puerto Rico, Bayamón is subdivided into barrios . The municipal buildings, central square and large Catholic church are located in a small barrio referred to as "el pueblo" . Barrios (which are, in contemporary times, roughly comparable to minor civil divisions ) and subbarrios, are further subdivided into smaller areas called sectores ( sectors in English). The types of sectores may vary, from normally sector to urbanización to reparto to barriada to residencial , among others. Comunidades Especiales de Puerto Rico (Special Communities of Puerto Rico) are marginalized communities whose citizens are experiencing

2607-445: The "Everything Card"—in 1967. In 1967, Walter B. Wriston became chairman and chief executive officer of the bank. In the 1960s, the bank entered into the credit card business. In 1965, First National City Bank bought Carte Blanche from Hilton Hotels . Three years later, under pressure from the U.S. government, the bank sold this division. By 1968, the company created its own credit card. The card, known as " The Everything Card ",

2686-593: The 1920s due to debt payments from Haiti, according to later filings to the Senate Finance Committee . When the Federal Reserve Act allowed it, National City Bank became the first U.S. national bank to open an overseas banking office when it opened a branch in Buenos Aires , Argentina, in 1914. Many of Citi's present international offices are older; offices in London, Shanghai, Calcutta , and elsewhere were opened in 1901 and 1902 by

2765-448: The 1970s, Citibank was one of the first U.S. banks to introduce automatic teller machines (ATMs), which gave customers 24-hour access to cash. In 2002, Citigroup, the parent of Citibank, acquired Golden State Bancorp and its California Federal Bank , which was one-third owned by Ronald O. Perelman , for $ 5.8 billion. In 1999, Citibank was sued for improperly charging late fees on its credit cards. In August 2004, Citigroup entered

2844-761: The American School. Bayamón also has many higher-learning institutions such as the University of Puerto Rico at Bayamón , which is one of the eleven campuses that comprise the University of Puerto Rico public university system. Furthermore, the city is also home to some of the most recognized private universities in the island, such as the Interamerican University of Puerto Rico and its School of Optometry, Bayamón Central University , American University of Puerto Rico , Universidad Central del Caribe , and some community colleges. In addition,

2923-434: The Bayamón school region. On the other hand, the city is also home to numerous private schools of which most have a religious affiliation. Some of the better known religious private schools include Colegio De La Salle , Academia Santo Tomás de Aquino, Academia Santa Rosa, Colegio Beato Carlos Manuel Rodríguez, and Academia Discípulos de Cristo (non-Catholic). Non-religious schools in the city include Bayamón Military Academy and

3002-556: The Chicago banking factions accused U.S. Secretary of the Treasury L. M. Shaw of having too close of a relationship with National City and other Wall Street operators. In 1907, Stillman, then the bank's chairman, intervened, along with J. P. Morgan and George Fisher Baker , in the Panic of 1907 . Between 1910 and 1911, the Department of State backed a consortium of American investors headed by Citibank to acquire control over

3081-712: The Efraín Calcaño Alicea Sports Complex located in the Lomas Verdes community is home to much of the track and field and swimming events in the region. The Honda Tennis Center, inaugurated in 2002, is composed of 16 tennis courts and is used by local tennis clubs as well as visitors. A pioneer in the development of soccer in Puerto Rico, mayor Ramón Luis Rivera Jr. inaugurated the Bayamón Soccer Complex in 2011, which consists of three professional soccer fields located off

3160-551: The Texas market with the purchase of First American Bank of Bryan, Texas . The deal established the firm's retail banking presence in Texas, giving Citibank over 100 branches, $ 3.5 billion in assets and approximately 120,000 customers in the state. In 2006, the bank entered the Philadelphia market, opening 23 branches in the metropolitan area. In 2013, Citibank closed these locations for "efficiency-driven" reasons. In 2006,

3239-539: The U.S. government. In 1952, James Stillman Rockefeller was elected president and then chairman in 1959, serving until 1967. Stillman was a direct descendant of the Rockefeller family through the William Rockefeller (the brother of John D. ) branch. In 1960, his second cousin, David Rockefeller , became president of Chase Manhattan Bank , National City's long-time New York rival for dominance in

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3318-593: The bank had become the first U.S. bank to have $ 1 billion in assets. As of March 9, 1921, there were four national banks in New York City operating branch offices: Chatham and Phenix National , the Mechanics and Metals National , the Irving National , and National City Bank. Charles E. Mitchell , also called "Sunshine" Charlie Mitchell, was elected president in 1921. In 1929, he was made chairman,

3397-615: The bank had been nicknamed "Citibank" since the 1860s, when City Bank of New York adopted it as an eight-letter wire code address. "Citicorp" became the holding company's formal name in 1974, and in 1976, First National City Bank was renamed Citibank, N.A. The name change also helped to avoid confusion in Ohio with Cleveland -based National City Corp. , though the banks never had any significant overlapping areas except for Citi credit cards issued in National City territory. In addition, at

3476-622: The bank set aside $ 3 billion in reserves for loan losses in Brazil and other developing countries . In 1990, the bank established a subsidiary in Poland. In 1994, it became the world's biggest card issuer. Also in the 1980s, the bank launched the Citicard, which allowed customers to perform all transactions without a passbook . Branches also had terminals with simple one-line displays that allowed customers to get basic account information without

3555-571: The banking industry in the United States. Following its merger with the First National Bank in 1955, the bank changed its name to The First National City Bank of New York, then shortened it to First National City Bank in 1962. It is also worth noting that the bank began recruiting at Harvard Business School in 1957, arranged the financing of the 1958 Hollywood film, South Pacific , and had its branches in Cuba nationalized in 1959 by

3634-783: The city also became home to financial institutions such as the Puerto Rico Commercial Bank (Banco Comercial de Puerto Rico), the American Colonial Bank, the First National City Bank of New York , the Chase Manhattan Bank and the Banco Popular de Puerto Rico . This developed and strengthened Bayamón's economy and turned it into both an industrial and commercial hub. The city's infrastructure also developed with

3713-400: The community. The founding of the town of Bayamón is closely tied to the cultivation of sugarcane . The products currently grown in Bayamón include coffee , grapefruit , sugarcane, tobacco and vegetables. Bayamón was also the site where the first hydraulic sugar mill on the island was built in 1549. Notable malls are: Goya Foods has its Puerto Rico offices in Bayamón. Puerto Rico

3792-422: The company announced a naming rights sponsorship deal for the new stadium of New York Mets , Citi Field , which opened in 2009. The deal reportedly required payments by Citi of $ 20 million per year for 20 years. As of September 2020, Citibank's US branches are located in the metropolitan areas of New York, Los Angeles, San Francisco, Sacramento, San Diego, Washington DC, Las Vegas, Miami, and Chicago. California

3871-405: The company's German division, was sold to Crédit Mutuel . On February 22, 2010, it was renamed to Targobank . In August 2008, after a three-year investigation by the California Attorney General , Citibank was ordered to repay the $ 14 million that was removed from 53,000 customers accounts over an 11-year period from 1992 to 2003, plus an additional $ 4 million in interest and penalties. The money

3950-423: The early 19th century, stated the plaza's purpose was for "the parties" (celebrations, festivities) ( Spanish : a propósito para las fiestas ), and that the square should be proportionally large enough for the number of neighbors ( Spanish : grandeza proporcionada al número de vecinos ). These Spanish regulations also stated that the streets nearby should be comfortable portals for passersby, protecting them from

4029-410: The elements: sun and rain. Located across from the central plaza in Bayamón barrio-pueblo is the church Parroquia Invención de la Santa Cruz . The parish church in Bayamón was first built in 1772 and made of wood. The second church made of masonry sustained damages as a result of an earthquake in 1867 and was repaired in 1868. Bayamón barrio-pueblo was in Spain's gazetteers until Puerto Rico

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4108-481: The establishment of a bigger sewer system. The city was also host to some of the events of the VIII Pan American Games in 1979. Hurricane Maria struck Puerto Rico on September 20, 2017, causing large-scale damage and destruction to infrastructure. Numerous landslides occurred in Bayamón as a result of the hurricane's significant amount of rainfall. In Bayamón, around 300 homes were destroyed, and two people were killed by Hurricane María. Many municipal buildings, and

4187-407: The fourth quarter of 2007, after an $ 18.1 billion write down. In March 2008, Citibank set up Mobile Money Ventures, a joint venture with SK Telecom , to develop mobile apps for banking. It sold the venture to Intuit in June 2011. In May 2008, the company closed an $ 87.5 million leaseback transaction for branches in New York City. In July 2008, Citibank Privatkunden AG & Co. KGaA ,

4266-418: The largest banks in the United States. The bank became the largest bank in New York City following the Panic of 1893 . Two years later, in 1895, it had become the largest bank in the U.S. In 1904, the bank helped finance the Panama Canal . Two years later, in 1906, 11% of the U.S. federal government 's bank balances were held by National City. National City at this time was the banker of Standard Oil , and

4345-419: The leaders as the team with the most championships in the history of the league (15), the last of which was achieved in 2020. The team's host venue is the Coliseo Rubén Rodríguez . The Vaqueros de Bayamón was also the name of the baseball club which played from 1974 through 2003 in the Professional Baseball League of Puerto Rico , and played its home games at Juan Ramón Loubriel Stadium . The city also has

4424-455: The loans from the Treasury in full, including interest, resulting in a net profit for the U.S. federal government. On January 16, 2009, Citigroup announced that it was separating Citi Holdings Inc. , its non-core businesses such as brokerage, asset management, and local consumer finance and higher-risk assets, from Citicorp. The split was presented as allowing Citibank to concentrate on its core banking business. On October 19, 2011, Citigroup,

4503-427: The locals refer to it, has trails for mountain bike riders of all skill levels. Unpaved roads for beginners, single tracks and very technical single tracks, some of them with downhills. After Hurricane Maria , the tracks were lost, yet by 2019, most of them had been repaired and reopened. The city also has many smaller baseball parks, open basketball courts, soccer fields, gymnasiums, and communal centers available to

4582-470: The long-time settlers in this area. Before the foundation of the municipality, Hacienda Santa Cruz was established near the Bayamón River in 1750. The Spanish colonist Juan Ramírez de Arellano formally established Bayamón as a Spanish settlement on May 22, 1772, on a hill known as Alto del Embarcadero . The establishment of its current parish church on that same spot also dates to this year. In 1821, Marcos Xiorro , an African slave , planned to lead

4661-413: The name was derived from the Taino word Bayamongo , which is the native name of the river that runs across this region, implying that Bayamón is the area around this main river, which later on became the center of the city's development. Bayamón is nicknamed "City of the Chicharrón " or " Pork Rind City" ( Ciudad del Chicharrón ) after the popular fried dish, locally known as chicharrón volao , that

4740-464: The new socialist government, and has its first African-American director in 1969, Franklin A. Thomas . The company organically entered the leasing and credit card sectors, and its introduction of US dollar-denominated certificates of deposit in London marked the first new negotiable instrument in the market since 1888. Later to become part of MasterCard , the bank introduced its First National City Charge Service credit card—popularly known as

4819-409: The origin and development of Bayamón. The five-tower crown, which is used for cities, was assigned to Bayamón as an exception for its extraordinary urban development, the magnitude of its population and for its religious dignity, which will possibly be raised to become Episcopal seat. The motto "IN HOC SIGNO VINCES" makes reference to Emperor Constantine when in the 4th century had the vision in which

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4898-453: The parent of Citibank, agreed to a $ 285 million civil fraud penalty after the U.S. Securities and Exchange Commission accused the company of betting against risky mortgage-related investments that it sold to its clients. In 2014, Citigroup announced it would exit retail banking in 11 markets, primarily in Europe and Central America. In September 2014, it exited the Texas market with the sale of 41 branches to BB&T . In September 2015,

4977-594: The parent of Citibank, announced layoffs of 17,000 employees, or 8% of its workforce. On November 4, 2007, Charles Prince resigned as the chairman and chief executive of Citigroup, the parent of Citibank, following crisis meetings with the board in New York in the wake of billions of dollars in losses related to subprime lending . Former United States Secretary of the Treasury Robert Rubin took over as chairman, subsequently hiring Vikram Pandit as chief executive. On November 5, 2007, several days after Merrill Lynch announced that it too had been losing billions from

5056-501: The road, pedestrians can see passing cars underneath. It is believed to be the only building of its class in the world. One of the most popular attractions in Bayamón is the Parque de las Ciencias . It is a science-themed park with various exhibitions and attractions. It is located in the middle of karstic hills. An observation building on one of the hills provides a good view of the metropolitan area. The building hosts antennas for government and civil communication. El parque del tren

5135-509: The state holding more bank assets than any other state. In 2013, Citibank purchased the credit card portfolio of Best Buy from Capital One. On April 1, 2016, Citigroup became the exclusive issuer of Costco 's branded credit cards. The bank's private-label credit card division, Citi Retail Services, issues store-issued credit cards for such companies as: American Airlines , Best Buy , ConocoPhillips , Costco , ExxonMobil , The Home Depot , Sears , Shell Oil , and Staples Inc. In

5214-464: The state. The new Citibank office is described as an "experience center" in the planning documents. The plans identify the operation as "retail bank/office space". Citibank doesn't have a major retail banking presence in the Dallas area. A spokesman in the bank's New York office would not give details about what is planned in the North Dallas location. "We'll decline to comment on this," said Citibank's Drew Benson in an email. On April 11, 2007, Citigroup,

5293-413: The subprime mortgage crisis in the United States, Citi reported that it will lose between $ 8 billion and $ 11 billion in the fourth quarter of 2007, in addition to the $ 6.5 billion it lost in the third quarter of 2007. Effective November 30, 2007, Citibank sold its 17 Puerto Rico branches, along with $ 1.0 billion in deposits, to Banco Popular . In January 2008, Citigroup reported a $ 10 billion loss in

5372-409: The time of the name change to Citicorp, in 1968, National City of Ohio was mostly a Cleveland-area bank and had not gone on its acquisition spree that would occur in the 1990s and 2000s. Any possible name confusion had Citi not changed its name from National City eventually became completely moot when PNC Financial Services acquired National City in 2008 during the subprime mortgage crisis . In 1987,

5451-443: The victory was promised to him if it accepted the cross of Christianity as his banner. Like all municipalities, public education is administered by Puerto Rico Department of Education . Due to its population and location within the San Juan metropolitan region , Bayamón is home to many public and private schools. During the 2014–2015 academic year, over 150 public schools ranging from elementary school to high school were located in

5530-407: Was a park featuring what was then Puerto Rico 's only working train. It featured a DC-3 , which had been used by United Airlines . In 2001, the park was dismantled and destroyed in the course of major road construction. What is left of the park is a small plaza for activities and an area for jogging and passive entertainment. The area is now known as "Parque del Nino" or "Children's Park". Shopping

5609-407: Was ceded by Spain in the aftermath of the Spanish–American War under the terms of the Treaty of Paris of 1898 and became a territory of the United States . In 1899, the United States conducted its first census of Puerto Rico finding that the population of Bayamón was 19,940. All municipalities in Puerto Rico are administered by a mayor , elected every four years. The current mayor of Bayamón

5688-680: Was ceded by Spain in the aftermath of the Spanish–American War under the terms of the Treaty of Paris of 1898 and became a territory of the United States. In 1899, the United States Department of War conducted a census of Puerto Rico finding that the population of Bayamón was 19,940. The city grew considerably during the start of the 20th century. The area became home to numerous factories specializing in textiles, fertilizer, aluminum between 1901 and 1920. During this time

5767-493: Was ceded by Spain in the aftermath of the Spanish–American War under the terms of the Treaty of Paris of 1898 and became an unincorporated territory of the United States . In 1899, the United States Department of War conducted a census of Puerto Rico finding that the population of Bayamón Pueblo was 2,218. Places in Bayamón barrio-pueblo: First National City Bank of New York Citibank, N.A. ("N. A." stands for " National Association "; stylized as citi bank)

5846-597: Was held in Rimini, Italy) was held in Bayamón in 1978. Also, professional boxers Luis Del Valle , Wilfredo Vazquez and Wilfredo Vazquez Jr. are from Bayamón. International Boxing Hall of Fame member Hector Camacho was born in Bayamon. Current boxing prospect Jean "Chapito" Rivera is from the Bayamon. The municipal government of Bayamón manages a wide variety of recreational programs and recreational facilities for public use. The Onofre Carballeira Sports Complex consists of

5925-495: Was on these banks that the first hydraulic sugarcane refinery of Puerto Rico was established in 1549. The center contains the Holy Cross (Santa Cruz), patron of the first church of the municipality and the name of the old sugarcane refinery "Santa Cruz", which was the historical origin of the town of Bayamón. The sugarcane flowers ( guajana ) allude directly to the sugarcane industry that is of social and economic importance to

6004-675: Was promoted as a kind of East Coast version of the BankAmericard . By 1969, First National City Bank decided that the Everything Card was too costly to promote as an independent brand and joined Master Charge (now MasterCard ). Citibank unsuccessfully tried again from 1977 to 1987 to create a separate credit card brand, the Choice Card . In 1967, First National City Bank reorganized as a one-bank holding company, First National City Corporation, or "Citicorp" for short. However,

6083-431: Was purchased in 1981. In 1981, Citibank chartered a South Dakota subsidiary to take advantage of new laws that raised the state's maximum permissible interest rate on loans to 25% (then the highest in the nation). In many other states, usury laws prevented banks from charging interest that aligned with the extremely high costs of lending money in the late 1970s and early 1980s, making consumer lending unprofitable. There

6162-470: Was taken under an electronic "account sweeping program" where any positive balances from over-payments or double payments were removed without notice to the customers. As a result of the 2007–2008 financial crisis and huge losses in the value of its subprime mortgage assets, Citigroup, the parent of Citibank, received a bailout in the form of an investment from the U.S. Treasury . On November 23, 2008, in addition to an initial investment of $ 25 billion,

6241-572: Was the site of one of America's first bank heists when two burglars, James Honeyman and William J. Murray, made off with tens of thousands of dollars' worth of bank notes, and 398 gold doubloons , the equivalent of $ 52 million in 2013 currency. The bank financed war bonds for the War of 1812 , serving as a founding member of the financial clearinghouse in New York (1853), underwriting the Union during

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