First BanCorp, the bank holding company for FirstBank Puerto Rico, announced late Wednesday that it will delist its preferred stock from the New York Stock Exchange, effective before the market opens Jan. 17.
First BanCorp, parent company for FirstBank Puerto Rico announced Friday it has completed its previously announced capital raise of $525 million of common stock to institutional investors Thomas H. Lee Partners, L.P. and Oaktree Capital Management, L.P.
As part of its strategy to increase customer deposits, FirstBank announced Wednesday the launch of “Cuenta 1,” a checking account for individuals that carries no service fees, does not require a minimum opening balance or minimum monthly balance.