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First BanCorp (Puerto Rico)

First BanCorp (Puerto Rico)

Sector: Offices Of Bank Holding Companies Region: Puerto Rico


: | OTC Markets: FBPRP | New York Stock Exchange: FBP | OTC Markets: FBPRL | OTC Markets: FBPRO | OTC Markets: FBPRN | OTC Markets: FBPRM


First BanCorp (Puerto Rico) operates as a bank holding company for FirstBank Puerto Rico. The bank provides personal banking, commercial banking, corporate banking and financial guidance services. The company operates its business through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer or Retail Banking, Treasury and Investments-United States and Virgin Islands Operations. The company operates through the following segments: Commercial and Corporate Banking; Mortgage Banking; Consumer or Retail Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. The Mortgage Banking segment consist of the origination, sale and servicing of a variety of residential mortgage loans and also acquires and sells mortgages in the secondary markets and also mortgage loans purchased from other local banks and mortgage bankers. The Consumer or Retail Banking segment consists of the company's consumer lending and deposit-taking activities conducted mainly through its branch network and loan centers. The Treasury and Investments segment is responsible for its investment portfolio and treasury functions executed to manage and enhance liquidity. The United States operations segment consists of all banking activities in the United States mainland, including commercial and retail banking services. The Virgin Islands operations segment consists of all banking activities, including commercial and retail banking services and insurance activities. The company was founded on October 29, 1948 and is headquartered in San Juan, Puerto Rico.

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