FirstBank (Puerto Rico) explained

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]

External links

Notes and References

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

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