FirstBank’s Community Reinvestment Unit recently donated a 1,268-square foot commercial office to nonprofit organization One Stop Career Center of Puerto Rico Inc. The space, which consists of a waiting room, a storage area, and five offices, is located in Río Piedras. One Stop Career Center services sensitive populations such as former inmates who are in […]
Looking to strengthening the operations of 125 local small business owners and to help improve Puerto Rico’s financial activity, FirstBank presented for its second year in a row its “1Éxito” (“One Success”) program, in partnership with INprende, through which FirstBank offered free business optimization workshops. The “1Éxito” training program began in 2018 as part of […]
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, […]
For the past 40 years, nonprofit organization Juan Domingo en Acción has been dedicated to improving the quality of life and promoting the sustainable development of the families in its community. To this end, FirstBank donated $20,000 to the organization for the arts and music, sports, and summer camp programs for the 400 students at […]
FirstBank, represented by its Community Reinvestment Unit, received a recognition from nonprofit organization Habitat for Humanity of Puerto Rico for its commitment and collaboration with the development of housing rehabilitation programs designed for individuals who have been socio-economically disadvantaged in past years. “Our alliance with Habitat for Humanity of Puerto Rico has enabled us to […]
With the goal of offering academic-occupational opportunities and developing college students’ skills in a live environment, FirstBank is announcing their recruitment of participants in the new 2019 summer and September-December semester sessions of its FirstInternship Program. Eligible students may complete the internship application in the 1firstbank.com corporate website for either session, the financial institution announced. […]
First BanCorp. reported net income of $43.3 million, or $0.20 per diluted share, for the first quarter ended Mar. 31, 2019, compared to $101.1 million, or $0.46 per diluted share, for the fourth quarter of 2018, and $33.1 million, or $0.15 per diluted share, for the first quarter of 2018. The fourth quarter of 2018 […]
FirstBank announced its sixth donation to Martin Peña Recicla, a contribution that will go toward the remodeling of the nonprofit’s facilities, which will include an office space, a meeting room, a storage area, and a collection center in Santurce. The funding comes from the financial institution’s “Dona tu Celu” mobile phone recycling campaign. “We continue […]
FirstBank joined Multisensory Reading Centers of Puerto Rico and its “Readers for the Future” intervention program to provide specialized instruction aimed at optimizing reading skills in K-3 children at elementary schools Manuel Elzaburu Vizcarrondo in Cantera and Luis Llorens Torres in San Juan, the entities announced. Stating that only 43% of students in Puerto Rico […]
FirstBank recently granted $6.5 million in financing to Air-Con Inc., a distributor of air conditioners and commercial refrigeration, for working capital guaranteed by its inventory and accounts receivables. Air-Con Inc., which has offices in Puerto Rico and the Caribbean, pioneered in introducing energy saving inverter products to Puerto Rico. It also developed its own Air-Con […]
Following the partial shutdown of the U.S. government and its possible consequences on the financial responsibilities of its employees in Puerto Rico, FirstBank has launched an assistance program with solutions for loan and credit card payments. The financial institution is urging its clients to call to discuss payment options for personal and auto loans, and […]
The financing was granted under the SBA 7(a) Program to parent company Maval Corporation.
The INprende team found that more than 90 percent of the businesses presented opportunities for improvement in the areas of marketing and finances.
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