History

 
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    FirstBank

    On October 29, Enrique Campos del Toro founded First Federal Savings and Loans Association with a $200,000.00 capital investment.

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    FirstBank

    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.

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    FirstBank

    Our name changes from First Federal Savings and Loans Association of Puerto Rico to First Federal Savings Bank.

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    FirstBank

    First Federal becomes a stockholder-owned savings bank and went public, trading on the stock market.

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    FirstBank

    Money Express opens its first branch at the lobby of our headquarters in San Juan.

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    FirstBank

    After switching to commercial banking, our name changes to FirstBank Puerto Rico.

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    FirstBank

    We reorganized and FirstBank Puerto Rico became a subsidiary of First BanCorp.

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    FirstBank

    FirstBank Insurance Agency starts operations in Puerto Rico.

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    FirstBank

    We acquired Chase Manhattan Bank operations in the U.S. Virgin Islands.

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    FirstBank

    First Express opens in U.S. Virgin Islands.
    FirstMortgage opens for business in Puerto Rico.

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    FirstBank

    First BanCorp. launches a loan origination office in Miami.

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    FirstBank

    After the acquisition of UniBank (Ponce General Corporation) and its subsidiaries in Florida, we established presence with 10 new branches.​

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    FirstBank

    UniBank, our subsidiary in Florida, changes its name to FirstBank Florida.

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    FirstBank

    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.

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    FirstBank

    Aurelio Alemán was appointed as President and Chief Executive Officer.

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    FirstBank

    We opened our FirstBank Service Center in Río Piedras. This modern building houses most of our corporate offices in Puerto Rico.

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    FirstBank

    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.

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    FirstBank

    We celebrated our 65th Anniversary as an institution.

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    FirstBank

    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

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    FirstBank

    FirstBank completes its Doral Bank acquisition with a large portion of the mortgage portfolio, $522 million in deposit accounts and 10 branches.​

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    FirstBank

    Expansion of our ATM network.​

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    FirstBank

    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.

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    FirstBank

    70 years of service.

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