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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FirstBank, Center for Puerto Rico partner to help young entrepreneurs
July 30, 2019
With the aim of promoting entrepreneurship among young people between the ages of 18-35 by helping them acquire the skills necessary to develop or strengthen an enterprise, FirstBank has granted a donation of $15,000 to the Entrepreneurial Training Program for Young Adults of the Center for Puerto Rico. The Center is the operational arm of […]
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FirstBank reports net income of $41.3M in 2Q19 as CEO remains optimistic
July 24, 2019
First BanCorp. reported net income of $41.3 million, or $0.19 per diluted share, for the second quarter of 2019, compared to $43.3 million, or $0.20 per diluted share, for the first quarter of 2019, and $31.0 million, or $0.14 per diluted share, for the second quarter of 2018. First BanCorp CEO Aurelio Alemán described the […]
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FirstBank helps rebuild fishing pier in Boquerón
June 26, 2019
In the interest of promoting sustainable development of the fishing industry in Boquerón and providing a safe environment for fishermen, FirstBank has made a donation to the Asociación Pescadería Villa Palmeras Inc. fishing association to help complete the reconstruction of their pier, which was declared a total loss after Hurricanes Irma and María. The fishing […]
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FirstBank’s 1Éxito program announces last day to apply
June 14, 2019
After successfully training 70 business owners late last year, FirstBank and INprende announced the return of the 1Éxito program, a partnership designed to train and develop entrepreneurs, with the goal of helping small businesses already in operation across the island grow stronger. Those interested in participating in the free training sessions have until today to […]
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FirstBank giving away 2K fruit and native trees in islandwide campaign
June 6, 2019
Continuing with its commitment to reforest Puerto Rico, FirstBank and its program “Uno con el Ambiente” returns with its reforestation tour, “Crece Verde.” In this new edition, 2,000 fruit and native tress will be distributed in 10 branches throughout the island, the financial institution announced. Alexis Molinares, renowned ecologist and project consultant will provide guidance […]
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FirstBank grants $2M in CAPLine financing to Kandor Manufacturing
May 20, 2019
In the next few months, Kandor Manufacturing will increase its staff with 225 new jobs based in Arecibo, after receiving a $2 million line of credit from FirstBank. Kandor, a Puerto Rican company specializing in the manufacture of uniforms and military supplies, recently received the third line of credit issued on the island under the […]
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FirstBank calls on entrepreneurs to participate in EnterPRize competition
March 26, 2019
Hurricane María, which seriously damaged Puerto Rico’s infrastructure, led to an increased number of areas falling in disuse in municipalities; many small and medium business owners ceased operations due to a lack of basic resources, while others decided to emigrate. In light of this, FirstBank created the “Uno con Puerto Rico” award for $10,000 in […]
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First BanCorp. reports $201.6M in net income for ’18; $101.1M for 4Q18
January 30, 2019
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported net income of $201.6 million, or $0.92 per diluted share, for the year ended Dec. 31, 2018, compared to $67 million, or $0.30 per diluted share, for the year ended Dec. 31, 2017. The financial institution also reported net income of $101.1 million, or […]
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Moody’s: PR banks can handle 2 yrs of recession stress
September 9, 2016
Three of Puerto Rico’s main banks — Banco Santander Puerto Rico, Popular Inc. and FirstBank Puerto Rico — banks can absorb further asset quality stress resulting from Puerto Rico’s recession for at least two more years, Moody’s Investors Service said in a report released Thursday.
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