Aurelio Alemán, president of First BanCorp, announced the appointment Wednesday of Donald L. Kafka as executive vice-president and chief operating officer.
FirstBank announced Wednesday the approval of a $2 million loan to Deya Elevator Services Inc., a Puerto Rican firm that specializes in vertical transportation, namely elevators, linear transports and ramps.
The winners of the first art contest using recycled materials sponsored jointly by FirstBank — through its “Uno con el Ambiente” environmental program — and Fundación Proyecto La Línea de mi Pensamiento, were recently honored in a ceremony showcasing the submitted works.
FirstBank recently recognized six nonprofit organizations for their commitment and services to communities, individuals and disadvantaged groups, during the celebration of the International Day of Philanthropy, presenting them with the “Uno con Puerto Rico” award.
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported Monday net income of $23.2 million for the third quarter of 2014, or $0.11 per diluted share, compared to $15.9 million, or $0.08 per diluted share, for the third quarter of 2013.
In Puerto Rico, 56 percent of children live in families that suffer from food instability, according to 2011 data from the National Council of La Raza.
FirstBank recently inaugurated a new branch in Santurce, located at the Plazoleta del Condado, where the former Banco Popular location was until earlier this year.
In line with its stance to protect the environment, and to mark “Environmental Awareness and Reflection” in Puerto Rico via its social responsibility program “Uno con el Ambiente,” FirstBank announced it has entered into a partnership with E-Cycling Puerto Rico Inc., Martin Peña Recicla, and Sun Colors graphic printers, to launch a cell phone recycling initiative.
After a successful pilot program, FirstBank recently became the first Puerto Rican bank to offer an EMV chip credit card product for its Beyond Ultimate World Elite MasterCard.
Five financially disadvantaged families along the island’s southwestern region benefited having their homes rehabilitated under the “Un Toque de Cariño” program, sponsored by Habitat for Humanity Puerto Rico and FirstBank, which donates $50,000 to the initiative.
Doral Financial Corp. announced Monday it has entered into an agreement to sell $242.1 million in loans to FirstBank Puerto Rico through a transaction that closed May 30.
Looking to support of small and medium-sized businesses during these challenging economic times, FirstBank and the Small Business Administration jointly announced Wednesday the financing of a $226,000 commercial loan to Assistive Technology Specialists Inc., so that it can expand healthcare equipment sales and technological assistance to people with disabilities.
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported Thursday net income of $17.1 million for the first quarter of 2014, or $0.08 per diluted share, compared to $14.8 million, or $0.07 per diluted share, for the fourth quarter of 2013 and a net loss of $72.6 million, or $0.35 per diluted share, for the first quarter of 2013.
Oriental Auto, a division of Oriental Financial Group, and FirstBank made back-to-back announcements this week of their support of the auto industry, partnering with them to open new dealerships this week.
Several high-ranking FirstBank executives are getting significant pay raises this year, through a combination of cash and stock, according to a filing submitted to the Securities and Exchange Commission this week.
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