First BanCorp

First BanCorp

:"For other banks with a similar name, see First Bank."

Infobox Company
company_name = First Bancorp
company_
company_type = Public (NYSE: [http://www.nyse.com/about/listed/lcddata.html?ticker=FBP FBP] )
foundation = San Juan, Puerto Rico
location=San Juan, Puerto Rico
key_people = Luis M. Beauchamp, Chairman, President & CEO

industry = Finance and Insurance
products = Banking
Checking Accounts
Insurance
stock brokerage
Investment Bank
Asset-Based Lending
Consumer finance
revenue = profit US$ 900 million (2005) [http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=FBP First BanCorp Corporate Information] by Forbes.com]
operating_income =
net_income = profit US$ 210 million (2005) [http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=FBP First BanCorp Corporate Information] by Forbes.com]

num_employees = 2,237 (2005) [http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=FBP First BanCorp Corporate Information] by Forbes.com]
homepage = [http://www.firstbankpr.com/ www.firstbankpr.com]

First BanCorp is a financial holding company located in San Juan, Puerto Rico, which offers a full range of financial services in Puerto Rico, US Virgin Islands, the British Virgin Islands, and in the State of Florida through its wholly-owned subsidiaries. Its main subsidiary, FirstBank, is a business and consumer financial services company offering banking services, trust and brokerage services, and various types of loans. First BanCorp also provides auto lease financing and insurance services through other specialized subsidiaries. Its headquarters are located at 1519 Ponce De Leon Ave, in the Golden Mile District of Hato Rey, San Juan.

FirstBank’s chief assets and sources of income are its commercial loans, which mainly consist of commercial real estate loans and construction loans; consumer loans, which mainly consist of auto loans, personal loans and credit card loans; and residential mortgage loans. FirstBank operates through a network of 69 branches (2005) in Puerto Rico, the Virgin Islands and Florida. It shares the Florida market with various competitors including another First BanCorp subsidiary, UniBank. UniBank is a federal savings and loans institution with branches located in the southern Florida region.

tats

* Ranked the 669th and 1,537th "Largest Company In The World" by Forbes by Total Assets and Profits, respectively (2005) ) [http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=FBP First BanCorp Corporate Information] by Forbes.com] .
* Has over $18.8 billion in assets (2006).
* Approx. 2,237 employees.
* Symbol: [http://www.nyse.com/marketinfo/marketinfo.html?sym=FBP FBP] (NYSE)

ubsidiaries

* FirstBank
* FirstBank Insurance Agency
* First Mortgage
* First Leasing, as rental corporation
* First Truck & Car Rental
* UniBank (Florida)

Competitors (in Puerto Rico)

* Banco Bilbao Vizcaya Argentaria
* Banco Popular de Puerto Rico
* Banco Santander
* Citibank
* Doral Bank
* Eurobank
* Oriental Financial Group, Inc.
* RG Premier Bank
* Scotiabank
* Westernbank

References

External links

* [http://www.firstbankpr.com Official Site (Puerto Rico)]
* [http://www.firstbankvi.com Virgin Islands Site]
* [http://www.firstbankfla.com Florida Site]


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