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).
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.
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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