First BanCorp., parent of FirstBank Puerto Rico, announced the signing of a stock purchase agreement for FirstBank to acquire Spanish bank Banco Santander Puerto Rico in an all-cash transaction worth $1.1 billion. The transaction is subject to receipt of all necessary regulatory approvals and is expected to close in mid-2020. When broken down, the 100% […]
The Puerto Rico Bankers Association announced the election of FirstBank CEO Aurelio Alemán as its new president, effective Oct. 1. PRBA Executive Vice President Zoimé Álvarez-Rubio said other board positions were also filled — Guillermo Gómez, president of Citi and José Rafael Fernández, president of Oriental Bank, were elected as vice president and treasurer, respectively. […]
FirstBank Plaatinum Banking Art Series will feature the “Visiones Paralelas” exhibit by artists Williams Carmona and Michaela Soto, at its Ashford Ave. branch in Condado through December, the financial institution announced. The exhibition features 30 pieces comprising paintings, sculptures and acrylics. “We started the FirstBank Platinum Banking Art Series initiative with emerging artists Eduardo Cabrer, […]
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