In the spirit of contributing to the business development of entrepreneur women, FirstBank, through its Community Reinvestment Unit, is sponsoring the Center for Puerto Rico’s “Women Entrepreneurship Program,” the organizations announced Thursday.
FirstBank has granted Red Mango franchisee Cheliz, Corp. an SBA 7(a) program loan to establish its 14th restaurant in Old San Juan, the bank announced Tuesday.
In an effort to promote self-sufficiency in Puerto Rico, FirstBank announced Thursday it has partnered with the Salvation Army's Pathway of Hope program with a donation to help the nonprofit work with six vulnerable families receiving their services in the cities of Guayama and Arroyo.
Because 100 percent of the materials in mobile phones are recyclable, since 2014 FirstBank has been collecting devices at its branches as part of its social responsibility program called “Uno con el Ambiente.”
Moody's-rated Puerto Rican banks, Banco Santander Puerto Rico, Banco Popular de Puerto Rico and FirstBank Puerto Rico have improved their capitalization, reserves and core funding in the face of protracted economic recession in the Commonwealth of Puerto Rico, Moody's Investors Service said in a new report released Thursday.
FirstBank and the Access to Justice Fund Foundation announced the launching of the Interest on Lawyer Trust Account (“IOLTA”,) or “Cuenta de Intereses en Fideicomiso de Abogados y Abogadas (CIFAA),” aimed at ensuring the availability and efficacy of legal services offered by nonprofit organizations to people of limited resources.
FirstBank announced it has granted Pentaq Manufacturing Corp.the first working capital line of credit of $4.5 million under the CAPLine program of the U. S. Small Business Administration.
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported Thursday net income of $23.9 million for the fourth quarter of 2016, or $0.11 per diluted share, compared to $24.1 million, or $0.11 per diluted share, for the third quarter of 2016 and $15.0 million, or $0.07 per diluted share, for the fourth quarter of 2015.
FirstBank's Small Business Unit granted two loans under the SBA Express and SBA 7(a) Programs to Optifarma, LLC for the purchase of inventory and operational capital, the bank announced. The amount of the loans were undisclosed.
FirstBank, in partnership with the Puerto Rico Tennis Association on Thursday awarded three “FirstOro” grants to three children ages six to nine showing academic achievement, athletic skills and development potential in sports.
Puerto Rico’s second-largest bank, FirstBank, wrapped up 2016 with significant growth both locally and across its markets in the U.S. Virgin Islands and Florida, and is looking ahead to more advances in 2017, CEO Aurelio Alemán said Thursday.
FirstBank recently joined the Center for Sustainable Agricultural Microenterprises and Technologies Yauco Inc. to offer a food safety training workshop to 25 participants interested in developing their agricultural microenterprise in Puerto Rico’s southeastern region.
Seeking to increase financial knowledge and responsibility within low-income groups or communities through nonprofit organizations, FirstBank has partnered with the American Red Cross, United Way, and One Stop Career to create the Financial Education Program.
In the wake of a 17.5 percent growth in ATM transactions during 2015, FirstBank announced Wednesday the expansion of its automatic teller network in Puerto Rico with a total of 80 new locations.
FirstBank recently granted $230,00 in financing to local Mexican food chain Tijuana’s Bar & Grill, for operational expenses and the purchase of a warehouse located in Cervantes Street, Condado.
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