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.
Uno con el Ambiente is recognized as the PR Program of the Year by the Association of Public Relations Professionals of Puerto Rico.
We updated our technological infrastructure through our alliance with Fidelity Information Services (FIS).
According to a Gaither/Inmark study, FirstBank ranks number one in Puerto Rico’s banking industry in the following categories: Emotional Connection, Social Commitment and Responsibility, Customer Service, Employee Knowledge, Effectiveness and Financial Well-being
FirstBank completes its Doral Bank acquisition with a large portion of the mortgage portfolio, $522 million in deposit accounts and 10 branches.
Expansion of our ATM network.
Through Uno para Todos, FirstBank gave a helping hand to those in need in Puerto Rico after Hurricane Maria and in the Virgin Islands after Hurricane Irma. We helped restore communities, provided relief for our individual and commercial customers, and we supported our employees and their families with financial aid, healthcare, water, food, ice and other basic needs.
70 years of service.
Copyright © 2020 First BanCorp. All rights reserved.
Opening Account Notice:
Federal Law requires that all financial institutions obtain, verify, and keep records regarding the information that identifies all persons who open accounts. This means that when you open an account, we will ask for your name, address, date of birth and social security or tax identification number as well as other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. In all cases, protection of our customers’ identity and confidentiality of their information is our commitment.
The insurance products offered by FirstBank Insurance Agency, LLC are not a bank deposit. They are not insured by the FDIC, nor by any agency of the state or federal government. They are also not guaranteed by FirstBank or any of its subsidiaries and may decrease in value. Copyright © 2020 First BanCorp. All rights reserved.