First BanCorp. reports $281M in net income in ’21, vs. $102M in ’20
enero 27, 2022
First BanCorp., parent company of First Bank, reported net income of $281 million for the year ended Dec. 31, 2021, compared to $102.3 million for the year ended Dec. 31, 2020. In an interview with News is my Business, First BanCorp. CEO Aurelio Alemán attributed the growth to the completion of the acquisition of Banco […]
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FirstBank heads reforestation project in Santurce’s Lote 23
noviembre 18, 2021
As part of their commitment with the environment and in alliance with Lote 23, a group of volunteer employees from FirstBank planted 20 fruit trees in this gastronomic park in Santurce. The initiative seeks to provide the tenants at the park with fruit to prepare their dishes and recipes, organizers said. This activity is part […]
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First BanCorp. reports $75.7M in 3Q21 net income
octubre 26, 2021
First BanCorp., FirstBank Puerto Rico’s parent company, reported net income of $75.7 million, or $0.36 per diluted share, for the third quarter of 2021, compared to $70.6 million, or $0.33 per diluted share, for the second quarter of 2021, and $28.6 million, or $0.13 per diluted share, for the third quarter of 2020. Financial results […]
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FirstBank donates to 2 nonprofits dedicated to dog adoption, care in Puerto Rico
septiembre 1, 2021
As part of its commitment to vulnerable populations, FirstBank sponsored the National Dog Day event held by Vivo Beach Club and donated to two nonprofit organizations dedicated to the adoption and care of dogs on the island. El Foster Club, whose mission is to create a support network to house abandoned animals until they find […]
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FirstBank seeks 100 entrepreneurs interested in receiving free training through 1Éxito program
agosto 24, 2021
Seeking to promote the strengthening of existing small businesses, FirstBank, together with INprende, are launching the third edition of the 1Éxito program, to offer training and strategic business strategies to 100 local entrepreneurs for free. Those interested in participating in the program must complete the application on or before Sept. 3rd. “[The year] 2020 was […]
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FirstBank sues Pizza City owners to collect $1.9M in unpaid loan, foreclose
agosto 23, 2021
FirstBank Puerto Rico recently filed a lawsuit seeking to collect $1.9 million from the owners of Pizza City, a long-standing, popular eatery with tourists on the Isla Verde strip in Carolina, claiming non-payment of an existing loan. It is also pursuing foreclosure and the sale of the iconic restaurant through public auction. In the lawsuit […]
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Executive appointments at FirstBank, Uber, Ernst & Young
junio 18, 2021
This edition of Climbing the Corporate ladder features executive appointments in several industries, namely banking, a ride-share company and an accounting firm. FirstBank announces trio of new executivesFirstBank CEO Aurelio Alemán announced the following appointments to the institution’s executive group: Sara Álvarez, as executive vice president and general counsel; Juan Carlos Pavía, as executive vice […]
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First Bancorp reports $50.1M in 4Q20, up 38% YoY
febrero 1, 2021
First Bancorp, parent company for FirstBank Puerto Rico reported net income of $50.1 million, or $0.23 per diluted share, for the fourth quarter of 2020, up 38% from the $36.4 million, or $0.16 per diluted share, reported for the fourth quarter of 2019. Financial results for the fourth quarter of 2020 reflected First Bancorp’s closing […]
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FirstBank donates $900K to 110 Puerto Rico-based nonprofits in ’20
diciembre 22, 2020
FirstBank granted more than $900,000 to 110 nonprofit organizations throughout the island during 2020. As part of that commitment, the financial institution included a special initiative “One with Puerto Rico” over the holiday season through which it donated $150,000 to 30 entities that serve vulnerable communities in the three regions in which it operates: Puerto […]
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FirstBank donates $113K to 15 nonprofits so they may continue services during pandemic
noviembre 24, 2020
As part of the efforts to aid communities as a result of the COVID-19 emergency, FirstBank donated $113,000 to 15 nonprofit organizations throughout Puerto Rico the island. The community organizations that received the donations were: Acueducto Rural Palmarito; Asesores Financieros; Food Bank Puerto Rico; Boys & Girls Club; Centro Comunitario Reverenda Inés J. Figueroa; Concilio […]
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First BanCorp moving forward on integrating Santander operations in Puerto Rico
noviembre 2, 2020
In the 45 days since it completed its acquisition of Banco Santander de Puerto Rico’s assets, First BanCorp has made strides in the integration of both operations, having already completed the conversion of the mortgage business, the insurance agency, and several administrative duties. The plan is to complete the integration process by the end of […]
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Guayanilla exec. gets SBA ‘Woman Entrepreneur of the Year’ award
octubre 16, 2020
As part of National Small Business Administration (SBA) Week, Nydia Padilla, president of South Puerto Rico Towing & Boat Services Inc., nominated by FirstBank, received the “Woman Entrepreneur of the Year” Award for Puerto Rico and the U.S. Virgin Islands. In 2004, Padilla took over the reins of the company, leading a 60-person team in […]
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Liberty Puerto Rico adds FirstBank to its payment options
julio 27, 2020
Liberty Puerto Rico announced the start of a new partnership with FirstBank, which allows its customers to pay their bills at any of the bank’s branches throughout the island. “With this new partnership, our customers can pay their Liberty bills by visiting any bank on the island, which now includes FirstBank,” said Nelson Colón, chief […]
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FirstBank launches ‘The Call’ campaign to thank Puerto Rico
abril 14, 2020
In the midst of the COVID-19 pandemic affecting Puerto Rico, financial institution FirstBank launched its newest campaign, entitled “The Call,” to show appreciation for members of the general public who “are doing their best, day in and day out, to meet the basic needs of our people as we undergo Puerto Rico’s worst health crisis.” […]
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FirstBank grants $11.7M in financing to South Puerto Rico Towing & Boat Service
febrero 13, 2020
Family-owned company South Puerto Rico Towing & Boat Service Inc. is looking to grow this year due to financing totaling $11.7 million approved by FirstBank, the 504 program of the Small Business Administration (SBA), and COFFEC. The company will put the money toward the purchase of a tugboat, improvements to an existing tugboat, and debt […]
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