First BanCorp (Puerto Rico) Company Description
Not to be confused with North Carolina's First Bancorp, this First BanCorp is the holding company for FirstBank Puerto Rico and FirstBank Florida. The company offers banking, mortgage, and insurance services from around 75 locations on the island, the US, and the US and British Virgin Islands. Commercial lending, including business, construction, and mortgage loans, represents more than half of First BanCorp's loan portfolio; residential mortgages make up about another quarter. FirstBank owns Money Express La Financiera, a consumer loan company with nearly 40 offices throughout Puerto Rico, and car rental agency First Leasing and Rental, which has about 10 locations.
View the Comprehensive Company Description for First BanCorp (Puerto Rico)
The Company Description provides a historical perspective of First BanCorp (Puerto Rico)'s organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of First BanCorp (Puerto Rico)'s evolution in the marketplace.
