First BanCorp is a publicly owned financial holding company located in San Juan, Puerto Rico.
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History
FirstBank was the first Savings & Loan institution established in Puerto Rico with a capital of $200,000 in 1948. Today, the company provides financial services for retail, commercial and institutional clients in Puerto Rico, US Virgin Islands, British Virgin Islands and Florida. First BanCorp FBP (NYSE Symbol) is headquartered in San Juan, Puerto Rico and is ranked the 669th and 1537th Largest Company In The World in Forbes magazine by Total Assets and Profits. On 2006 it had over $18.8 billion in assets.
As of May, 2016, First owed $124.97 million to the US government Troubled Asset Relief Program.
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Key people
- Mr. Aurelio Aleman-Bermudez, 56
Chief Exec. Officer, Pres, Director,
- Mr. Orlando Berges-Gonzalez CPA, 57
Chief Financial Officer and Exec. VP
Direct Competition in Puerto Rico
- Popular, Inc. (BPOP) & OFG Bancorp (OFG)
Source of the article : Wikipedia
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