Press Release

San Juan, Puerto Rico – FirstBank proudly announces that its Senior Vice President of Construction Loans under Corporate Banking, Carlos Navarro Rodríguez, has been named Banker of the Year by the Puerto Rico Builders Association (ACPR), in recognition of his leadership and outstanding contribution to the development of the construction industry on the island.

The award was presented during the 51st Annual Convention of the ACPR, held at the Puerto Rico Convention Center, where Navarro was honored for his commitment to the sustainable growth of the industry and his support for projects that directly impact the quality of life for Puerto Ricans.

“Throughout his career, Carlos has stood out for establishing strategic alliances that have enabled the development of key projects, especially those financed by federal funds allocated to Puerto Rico after Hurricane María in 2017. These loans have been crucial in providing safe and dignified housing for the low-income community,” said Michael McDonald, Executive Vice President and Director of FirstBank’s Corporate Banking Group.

“Receiving this recognition is a privilege and reflects the collective effort of our team at FirstBank. We have a firm commitment to the construction industry and to Puerto Rico, and this distinction motivates me to continue supporting projects that have a positive impact on communities,” expressed Navarro.

In his role, Navarro focuses on identifying economic opportunities within the real estate sector that benefit our clients and the island, ensuring that these are structured responsibly and add value to the community. His leadership and vision have been fundamental in strengthening the relationship between FirstBank and the construction industry, promoting initiatives that drive the growth of infrastructure and economic well-being.

The Banker of the Year award is one of the most important honors presented by the ACPR, recognizing leaders who have made a difference in supporting economic development and construction in Puerto Rico. Carlos Navarro joins a select group of financial professionals who, throughout their careers, have left a legacy in the industry.

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