FirstBank donates $113K to 15 nonprofits so they may continue services during pandemic
November 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
November 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
October 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
July 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
April 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
February 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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First BanCorp. reports $167.4M in net income for ’19
January 29, 2020
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported net income of $167.4 million, or $0.76 per diluted share for the year ended Dec. 31, 2019, vs $201.6 million, or $0.92 per diluted share for the year ended Dec. 31, 2018. The drop was attributed a one-time $63 million benefit last year, which […]
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FirstBank donates $250K to help southwestern P.R. residents
January 20, 2020
Financial institution FirstBank has established a $250,000 relief fund to support the recovery of communities in the southwest area that were affected by the recent earthquakes. During the first phase of the effort, the bank partnered with five nonprofit organizations that are offering services to families with pressing needs, namely: Centro de Microempresas y Tecnologías […]
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FirstBank receives ABA Foundation award for 1Éxito program
December 6, 2019
FirstBank recently received a recognition from the American Bankers Association Association for its participation in the Community Commitment Awards with the 1Éxito Program, under the category of Community and Economic Development. The program is an alliance between FirstBank and INprende, a platform that promotes innovation and entrepreneurship, with the purpose of increasing the level of […]
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FirstBank’s ‘One with the Environment’ donates native trees to Ana G. Méndez University
November 19, 2019
With the purpose of reforesting green areas destroyed by Hurricane María and contribute to raising students’ environmental awareness, FirstBank, through its “One with the Environment program” recently donated bay-rum and guaiacwood trees to the Ana G. Méndez University’s Cupey campus. “FirstBank continues to support initiatives that return oxygen to our island through the trees that […]
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FirstBank benefits 100 nonprofits during year-long 70th anniversary celebration
October 29, 2019
FirstBank recently wrapped up the year-long celebration of its 70th anniversary with a volunteer activity during which some 250 employees donated their time to perform cleaning, painting, gardening, restorations and recreational activities in more than 20 nonprofits in Puerto Rico, Florida and the U.S. Virgin Islands. “At FirstBank we’re very committed to the communities we […]
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FirstBank CEO says Santander acquisition is ‘transformational for the company’
October 23, 2019
Aurelio Alemán, CEO of First BanCorp., the parent company of FirstBank, explained what the acquisition of Banco Santander’s assets in Puerto Rico will represent for the market and the financial institution he heads. He also went over aspects of the bank’s third quarter results, released a day after the deal was made public.
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FirstBank, ENLACE program inaugurate ‘El Outfit’ at University of P.R.
September 13, 2019
As an initiative to contribute to the professional development of undergraduate and graduate students of the University of Puerto Rico, Río Piedras Campus, FirstBank in alliance with its School of Business Administration’s ENLACE Program, inaugurated “El Outfit.” The 500-square-foot space on the fifth floor of the Ana María O’Neill building is a boutique featuring professional […]
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FirstBank grants financing to FS Perfumes, LLC for expansion
September 4, 2019
FirstBank’s Commercial Banking Department granted financing to FS Perfumes, LLC under the SBA 7A, Express, and 504 Programs to acquire and improve the 10,000+ square-foot commercial property in San Juan. The amount of the financing was undisclosed. “For us at FirstBank, it’s very important to support local businesses because of their significant contribution to Puerto […]
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FirstBank debuts Digital Banking platform with Mobile Express Deposit
August 7, 2019
FirstBank is launching its new digital and mobile banking platform called “Digital Banking,” which offers customers more features and increased security to manage their banking. To access, customers must log in via [email protected]. Some of the benefits of Digital Banking are: greater levels of security, with a superior authentication process for keeping personal information safe; […]
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