On October 29, Enrique Campos del Toro founded First Federal Savings and Loans Association with a $200,000.00 capital investment.
First Federal opens its first branch in St. Thomas, becoming the first Puerto Rican savings and loans institution to instate operations in the U.S. Virgin Islands.
Our name changes from First Federal Savings and Loans Association of Puerto Rico to First Federal Savings Bank.
First Federal becomes a stockholder-owned savings bank and went public, trading on the stock market.
Money Express opens its first branch at the lobby of our headquarters in San Juan.
After switching to commercial banking, our name changes to FirstBank Puerto Rico.
We reorganized and FirstBank Puerto Rico became a subsidiary of First BanCorp.
FirstBank Insurance Agency starts operations in Puerto Rico.
We acquired Chase Manhattan Bank operations in the U.S. Virgin Islands.
First Express opens in U.S. Virgin Islands. FirstMortgage opens for business in Puerto Rico.
First BanCorp. launches a loan origination office in Miami.
After the acquisition of UniBank (Ponce General Corporation) and its subsidiaries in Florida, we established presence with 10 new branches.
UniBank, our subsidiary in Florida, changes its name to FirstBank Florida.
FirstBank purchases the Virgin Islands Community Bank, becoming the leading financial institution with the largest number of branches in the region. We celebrated our 60th Anniversary.
Aurelio Alemán was appointed as President and Chief Executive Officer.
We opened our FirstBank Service Center in Río Piedras. This modern building houses most of our corporate offices in Puerto Rico.
Our commitment to the industry and belief in a successful future and greater achievements, led us to complete a $525 million transaction in new capital for our institution.
We celebrated our 65th Anniversary as an institution.