First Bancorp

Type	Public (NYSE: FBP)
Founded	San Juan, Puerto Rico
Headquarters	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	US$ 900 million (2005)[1]
Net income	US$ 210 million (2005)[1]
Employees	2,237 (2005)[1]
Website	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. Image File history File links First_Bancorp_Logo. ... A public company is a company owned by the public rather than by a relatively few individuals. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) , also nicknamed the Big Board, is the largest stock exchange in the world in dollar volume and second largest by number of companies listed. ... This article or section does not cite its references or sources. ... Finance and Insurance is an industry group that mainly handles the transfer of paper and money, financial assets. These include: Accounting, Asset Management, Electronic Communications Networks, Financial Services Regulatory Agencies, Investment Banking Investment Firms, Investment Funds, Lending, Outsourced Financial Products & Services Marketing, Securities Brokers & Traders, Stock Exchanges, Trade Facilitation, and... For other uses, see Bank (disambiguation). ... Includes demand deposits, ATS, NOW, and other checkable deposits. ... The examples and perspective in this article or section may not represent a worldwide view. ... A stock broker or stockbroker or stock brokerage is someone or a firm who performs transactions in financial instruments on a stock market as an agent of his/her/its clients who are unable or unwilling to trade for themselves. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... In the simplest meaning, asset-based lending, refers to any kind of lending secured by an asset. ... Consumer Finance is a term used in large banks for divisions of that bank which consist of stores or offices which primarily sub prime lending and indirect lending (for example running the payments financing program of a local furniture store). ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Image File history File links Green_Arrow_Up. ... ISO 4217 Code USD User(s) the United States, the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 3. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links Green_Arrow_Up. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... Website - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... This article or section does not cite its references or sources. ... This article or section does not cite its references or sources. ... Popular, Inc. ... Hato Rey is an area of San Juan, Puerto Rico. ...

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.

Stats

• Ranked the 669th and 1,537th Largest Company In The World by Forbes by Total Assets and Profits, respectively (2005) )^[1].
• Has over $18.8 billion in assets (2006).
• Approx. 2,237 employees.
• Symbol: FBP (NYSE)

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Subsidiaries

• 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 Central Hispano
• Citibank
• Doral Bank
• Eurobank
• Oriental Financial Group, Inc.
• RG Premier Bank
• Scotiabank
• Westernbank

// Overview Banco Bilbao Vizcaya Argentaria (BBVA) is a multinational Basque banking group. ... This article is about a Puerto Rican bank. ... Banco Santander Central Hispano is the largest bank in Spain and is part of the Santander Group which has large scale operations in the continents of Europe and South America. ... Citibank was founded in 1812 as the City Bank of New York. ... Doral Financial Corporation is a financial holding company located in San Juan, Puerto Rico which offers a full range of financial services in Puerto Rico and the New York City metropolitan area through its wholly-owned subsidiaries. ... Oriental Financial Group, Inc. ... R & G Financial Corporation, more commonly known as RG Financial or R-G Financial, is a financial holding company located in San Juan, Puerto Rico which offers a full range of financial services in Puerto Rico and the State of Florida through its wholly-owned subsidiaries. ... Scotiabank (TSX: BNS NYSE: BNS), formally known as The Bank of Nova Scotia, is one of Canadas Big Five banks. ... The Westernbank logo. ...

References

1. ^ ^a b c d First BanCorp Corporate Information by Forbes.com

External links

• Official Site (Puerto Rico)
• Virgin Islands Site
• Florida Site