First BanCorp is a publicly owned financial holding company located in

San Juan, Puerto Rico San Juan (, , ; Spanish for "Saint John") is the capital city and most populous municipality in the Commonwealth of Puerto Rico, an unincorporated territory of the United States. As of the 2020 census, it is the 57th-largest city under the ju ...

History

FirstBank was the first Savings & Loan institution established in Puerto Rico with a capital of $200,000 in 1948. Today, the company provides financial services for retail, commercial and institutional clients in

Puerto Rico Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and Unincorporated ...

, US Virgin Islands,

British Virgin Islands ) , anthem = " God Save the King" , song_type = Territorial song , song = "Oh, Beautiful Virgin Islands" , image_map = File:British Virgin Islands on the globe (Americas centered).svg , map_caption = , mapsize = 290px , image_map2 = Bri ...

and

Florida Florida is a state located in the Southeastern region of the United States. Florida is bordered to the west by the Gulf of Mexico, to the northwest by Alabama, to the north by Georgia, to the east by the Bahamas and Atlantic Ocean, a ...

. First BanCorp is headquartered in

and is ranked the 669th and 1537th ''Largest Company In The World'' in

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

magazine by Total Assets and Profits. On 2006 it had over $18.8 billion in assets. As of May, 2016, First owed $124.97 million to the US government Troubled Asset Relief Program. In October 2019, FirstBank announced their intention to purchase

Banco Santander Banco Santander, S.A., doing business as Santander Group (, , Spanish: ), is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in all global financial centr ...

de Puerto Rico. The transaction was approved by regulators on July 28, 2020 and should be completed by September 1, 2020.

Key leadership

* Mr. Aurelio Aleman-Bermudez Chief Exec. Officer, Pres, Director, * Mr. Orlando Berges-Gonzalez CPA Chief Financial Officer and Exec. VP

Direct competition in Puerto Rico

* Popular, Inc. (BPOP) &

OFG Bancorp OFG Bancorp, founded in 1964, more commonly known as OFG or Oriental Bank, is a financial holding company located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, servic ...

(OFG)

References

External links

FirstBank Online
Banks of Puerto Rico Companies based in San Juan, Puerto Rico Companies listed on the New York Stock Exchange {{SanJuanPR-geo-stub