First BanCorp
Encyclopedia
- For other banks with a similar name, see First BankFirst Bank (disambiguation)First Bank is the name used by various financial institutions worldwide. The term, either as whole or as part of a combination of names, may refer to:-International:* First National Bank , a name used by various banks worldwide...
.
First BanCorp is a publicly owned financial holding company located in San Juan, Puerto Rico
San Juan, Puerto Rico
San Juan , officially Municipio de la Ciudad Capital San Juan Bautista , is the capital and most populous municipality in Puerto Rico, an unincorporated territory of the United States. As of the 2010 census, it had a population of 395,326 making it the 46th-largest city under the jurisdiction of...
.
History
FirstBank was the first Savings & Loan institution established in Puerto Rico with a capital of $200,000 in 1948. Since its inception the bank played a fundamental role in improving the quality of life in Puerto Rico, by helping thousands of citizens to acquire their first home, thus enhancing their social and economic status. Today, the company provides a full range of financial services for retail, commercial and institutional clients in Puerto RicoPuerto Rico
Puerto Rico , officially the Commonwealth of Puerto Rico , is an unincorporated territory of the United States, located in the northeastern Caribbean, east of the Dominican Republic and west of both the United States Virgin Islands and the British Virgin Islands.Puerto Rico comprises an...
, US Virgin Islands, British Virgin Islands
British Virgin Islands
The Virgin Islands, often called the British Virgin Islands , is a British overseas territory and overseas territory of the European Union, located in the Caribbean to the east of Puerto Rico. The islands make up part of the Virgin Islands archipelago, the remaining islands constituting the U.S...
and Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
. Thanks to the visionary leadership of its management team, the institution experienced an impressive growth and transformation, becoming one of Puerto Rico's leading financial institutions with approximately 3,000 employees. First BanCorp FBP (NYSE Symbol) is headquartered in San Juan, Puerto Rico
San Juan, Puerto Rico
San Juan , officially Municipio de la Ciudad Capital San Juan Bautista , is the capital and most populous municipality in Puerto Rico, an unincorporated territory of the United States. As of the 2010 census, it had a population of 395,326 making it the 46th-largest city under the jurisdiction of...
and is ranked the 669th and 1537th Largest Company In The World in Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
magazine by Total Assets and Profits. On 2006 it had over $18.8 billion in assets.
Key people
- Luis M. Beauchamp: President and CEO
- Alan Cohen: Senior Vice President (Marketing and Public Relations)