Scrub Island files Ch. 11 to deflect FirstBank receivership
December 2, 2013
Scrub Island Development Group Ltd., the owner of a posh resort in the British Virgin Islands, has filed for Chapter 11 protection in a Florida bankruptcy court to ward off a request for receivership granted to FirstBank Puerto Rico through which it seeks to collect on a $108 million loan.
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TSYS to process FirstBank’s consumer credit portfolio
November 21, 2013
Credit card processing firm TSYS announced Wednesday it has signed a long-term payments agreement with FirstBank Puerto Rico to provide payment processing for the bank’s consumer credit card portfolio.
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FirstBank acting on cleaner balance sheet to push growth
October 31, 2013
On the heels of a good third quarter, FirstBank executives are looking to capitalize on a “cleaner balance sheet” to continue strengthening and growing its franchise on all fronts in Puerto Rico, the U.S. Virgin Islands and South Florida.
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