FirstBank (Puerto Rico)

FirstBank (stylized as 1 FirstBank), is a banking institution in Puerto Rico. The company is headquartered in San Juan, with branches there and in twenty-two other Puerto Rican cities. "1FirstBank Florida" includes branches in Miami, Boca Raton and Ft Lauderdale.^[1]

As of 2020, FirstBank had 8 branches in Florida.^[2] Aurelio Alemán-Bermudez has served as president of 1 FirstBank since 2009.^[3]

In 2020, 1 FirstBank bought Banco Santander Puerto Rico to expand its operations in Puerto Rico.^[4][5]

In 2020, 1 FirstBank received an award from the USDA Rural Development program for being a top mortgage lender for people purchasing single family homes in Puerto Rico.^[6]

History

First Bank was known until the 1990s as First Federal.^[7]

References

1. "FirstBank - Localizador". firstbankpr.com. Retrieved 2014-03-12.
2. "2019 FORM 10-K". SEC.gov (in Catalan). 26 February 2015. Retrieved 10 September 2020.
3. "Aurelio Aleman-Bermudez - President/CEO, First Bancorp/Puerto Rico". Bloomberg. Retrieved 2020-07-07.
4. "Santander to sell Puerto Rico unit to FirstBank in $1.1 billion deal". Reuters. 21 October 2019. Retrieved 8 September 2020.
5. "First BanCorp. Completes Acquisition of Banco Santander Puerto Rico". Business Wire. 1 August 2020. Retrieved 8 September 2020.
6. "USDA Rural Development Puerto Rico Announces Single Family Housing Guaranteed Loan Program Top Lenders Awards". Rural Development. 2 July 2020. Retrieved 10 September 2020.
7. "FirstBank Puerto Rico English History". First BanCorp. Welcome. 2020-07-07. Retrieved 2020-07-07.

External links

• "FirstBank - Inicio". firstbankpr.com. Retrieved 2014-03-12.
• FirstBank archived annual reports
• FirstBank Florida site