First BanCorp. reported better-than-expected second quarter results Tuesday, taking in $9.4 million in net income, a significant improvement over the $14.9 million net loss reported for the same year-ago quarter. The current results are also positive in comparison to the $13.2 million net loss reported during the first quarter of this year.
With the goal of providing a new financing alternative to car dealers, FirstBank approved a $2.7 million “floor plan” loan secured by the Small Business Administration to Autos de Cayey Inc., the bank announced Tuesday. Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods, the […]
The Puerto Rico Chamber of Commerce, through its public service campaign "Drive the business of your life," aimed at enhancing the island’s productivity, announced a collaboration agreement with Cemex, FirstBank and the Association of Private Colleges and Universities to develop a unified internship program for college students.
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