From the beginning, we have addressed our customers’ needs by providing them with personalized services and innovative solutions designed to improve and simplify their lives.
Puerto Rico, Florida and Virgin Islands
Founding of First Federal Savings and Loans Association, the first savings and loans institution in Puerto Rico.
First Federal opened its first branch in Saint Thomas, the first savings and loans institution to begin operations in the U.S. Virgin Islands.
The entity evolved and became a commercial bank, changing its name to First Federal Savings Bank.
First Federal became a savings bank and went public. Its stock was quoted on the New York Stock Exchange (NYSE) under the symbol FBP.
The family grew with Money Express.
The company changed its name to FirstBank Puerto Rico.
The Bank became incorporated as a holding company under the name First BanCorp.
FirstBank Insurance Agency, Inc. began operations.
FirstBank acquired the operations of Chase Manhattan Bank in the U.S. Virgin Islands.
First BanCorp launched a lending office in Miami.
Acquisition of UniBank (Ponce General Corporation) and its subsidiaries in the state of Florida.
FirstBank established its presence in Southern Florida with 10 new branches and changed its name to FirstBank Florida.
The acquisition of the Virgin Islands Community Bank gave FirstBank the greatest number of branches in the Virgin Islands.
The modern FirstBank Service Center was inaugurated, serving as our corporation’s local headquarters.
The institution’s trajectory and reputation achieved an injection of new capital in the amount of $525 million dollars.
FirstBank acquired 10 branches and over $500 million in deposits from Doral Bank Puerto Rico.
FirstBank celebrated its 70th anniversary and 25 years on the New York Stock Exchange.
FirstBank acquired the operations of Banco Santander in Puerto Rico, consolidating its leadership position in the financial industry.
The integration of Banco Santander de Puerto Rico to FirstBank was completed.
With over 70 years of service, we strengthened our commitment to our clients and Puerto Rico.
We are actively committed to improving the well-being and quality of life of the communities and customers we serve through partnerships, empowerment initiatives, educational programs, financial services, and corporate donations.
We strive to be recognized as a leading and diversified financial institution offering a superior experience to our clients and employees. We believe that the key to our success is caring about our employees as much as we care about our customers.
As a commercial bank, we recognize the unique challenges small businesses face and strive to assist them to succeed and promote financial inclusion. We also aim to support and reinforce our commitment to the community by donating hours of volunteer work.
“One With the Environment”, our Social Responsibility Program, promotes ecological conservation and natural resources protection. Our efforts are focused on three main categories: reforestation, recycling, and energy management.
Growing with our customers is our greatest satisfaction, supporting them at every important stage, whether it be purchasing their first home or planning their children’s education, a vacation, or their retirement.
We are committed to providing our customers with the best banking experience, offering them innovative solutions to meet their financial needs, and helping them achieve their personal or business goals.
President and Chief Executive Officer
To partner with our clients to achieve their financial goals with the expertise, knowledge, and to pay attention to our employees, who are committed to providing shareholder value and well-being to our communities.
To be recognized as a financial institution that provides excellent customer experience, achieving the highest levels of satisfaction and loyalty, while improving our shareholders' return on investment and supporting the communities we serve.
All First BanCorp employees are committed to representing our service values. As team members, our employees are:
Committed to quality
Involved in the community
We recognize the importance of media in our society.
So we have a duty to cooperate with them to fulfill their role of informing the public. For more information about our Corporation, feel free to contact us: