First BanCorp (Puerto Rico)
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 Commercial and Corporate Banking segment offers commercial loans, including commercial real estate and construction loans and floor plan financings as well as other products such as cash management and business management services. 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 in October 29, 1948 and is headquartered San Juan, Puerto Rico.