FirstBank donates building to Humacao for nonprofits
October 14, 2013
Five nonprofits — Casa de la Bondad, Centro de Enseñanza de la Familia, Enactus, JCI (Junior Chamber International) and Proyecto PECES — will benefit from the use of a building that FirstBank recently donated to the town of Humacao through its community reinvestment unit.
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FirstBank funds Luis Muñoz Marín Foundation grants
October 7, 2013
The Luis Muñoz Marín Foundation recently received financial support from FirstBank Puerto Rico to be able to offer its environmental awareness and leadership workshops to several underprivileged children and youth between the ages of seven and 14, who had the chance to gain knowledge and experience that will likely help them later in life.
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FirstMortgage optimizes online mortgage servicing app
September 23, 2013
FirstMortgage recently upgraded its website’s online mortgage servicing features, enabling customers to conduct a variety of transactions.
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FirstBank Puerto Rico reforesting Río Piedras areas
August 12, 2013
FirstBank Puerto Rico volunteers recently came together with residents from the Antonsanti, Belisa, Caribe and Villa Canales neighborhoods in Río Piedras, to participate in the “Arboretum” urban forestry planting project. The initiative falls under the bank’s “One with the Environment” program.
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First BanCorp. loses $122.6M in 2Q
July 25, 2013
First BanCorp., the parent company for FirstBank Puerto Rico, reported Wednesday a net loss of $122.6 million for the second quarter of 2013, or $0.60 per diluted share, compared to a net loss of $72.6 million, or $0.35 per diluted share, for the first quarter of 2013 and net income of $9.4 million, or $0.05 per diluted share for the second quarter of 2012.
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Banks outline schedules for long holiday weekend
July 25, 2013
While many Puerto Rico residents will kick off a four-day weekend today, commercial banks will be observing the July 25th Constitution Day celebration and Saturday’s José Celso Barbosa holiday with special hours.
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FirstBank hosts educational seminar in Ponce
July 1, 2013
A group of entrepreneurs who own small- and mid-sized businesses in Ponce recently took part in a seminar hosted by FirstBank Puerto Rico, marking the start of the second phase of an educational program launched last year to provide financial literacy tools to that sector. Economist Gustavo Vélez offered the seminar entitled “Economic trends for […]
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First BanCorp sells $223M of non-performing residential mortgage loans, OREO
June 21, 2013
First BanCorp, the parent company of FirstBank Puerto Rico, announced today it has completed a sale of non-performing residential mortgage loans with an unpaid principal balance of $236.6 million (book value of $203.6 million), as well as other real estate owned (“OREO”) properties with an appraised value of $22.3 million (book value $19.2 million).
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FirstBank immersed in ‘Green Summer’ tour
June 17, 2013
As part of its institutional program, “One with the Environment” FirstBank will be selling a DVD entitled “Sow and Conserve with FirstBank” to benefit Amigos de El Yunque, a nonprofit organization dedicated to educating the public about the importance of protecting and preserving that rainforest, considered a natural treasure.
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FirstBank launches ‘Smart Cash,’ ‘Smart Check’ services
May 23, 2013
FirstBank’s commercial clients now have an additional tool to conduct their transactions remotely, with the availability of new “Smart Cash” and “Smart Check” services, unveiled Wednesday. Available to small and medium businesses, as well as corporate clients, these new products expand the bank’s reach to all geographic areas.
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Mayagüez entrepreneur is SBA Puerto Rico’s small businessperson of the year
May 20, 2013
The Puerto Rico & U.S. Virgin Islands district office of the U.S. Small Business Administration honored José A. Irizarry, president of Centro Gomas del Oeste, with the 2013 Puerto Rico Small Business Person of the Year Award, during the closing ceremonies of Small Business Week on the island late last week.
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FirstBank unveils brand ‘evolution’ campaign
May 9, 2013
“Emotions” — or the transformation of a frame of mind, typically accompanied by physiological and behavioral changes in the individual — is the title of FirstBank’s new brand campaign, representing the evolution of its previous institutional efforts.
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FirstBank to sell $532M in non-performing loans
April 1, 2013
FirstBank Puerto Rico has entered into three separate agreements to sell a total of $532 million bad commercial loans with a book value of $315 million, for $201 million, or 38 percent of the unpaid principal balance.
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FirstBank Puerto Rico partners with FIS
March 21, 2013
FirstBank Puerto Rico announced Wednesday it has formalized a seven-year strategic alliance with FIS, a global provider of banking and payment technologies, to provide state-of-the-art products and services to its clients.
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American Red Cross recognizes FirstBank’s pledge
February 7, 2013
The American Red Cross Puerto Rico Chapter recently recognized FirstBank’s commitment with the community and its $10,000 donation to assist families affected by Hurricane Irene and the torrential rains unleashed by storms Emily and María last year.
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