First BanCorp. (NYSE:FBP) (NYSE: FBP) is a financial services holding company headquartered in San Juan, Puerto Rico, offering a broad range of banking and trust services through its principal subsidiary, FirstBank. The company’s core activities include deposit-taking, commercial lending, mortgage origination, and wealth management. Serving both retail and corporate clients, First BanCorp. provides customized financial solutions, including personal checking and savings accounts, residential and commercial real estate loans, and treasury management services for businesses.
Founded in the mid-20th century, First BanCorp. has grown through strategic acquisitions and organic expansion to become one of the largest banking organizations in Puerto Rico. Over the decades, it has diversified its service offerings to include insurance products, escrow and trustee services, and foreign exchange operations. The bank’s commitment to technology innovation is evidenced by its digital banking platform, which offers online and mobile banking, electronic payment solutions, and cybersecurity safeguards for its customers.
First BanCorp. operates primarily in Puerto Rico and the U.S. Virgin Islands, with a presence in select U.S. mainland markets such as Florida. Its regional network of branches and automated teller machines supports both local communities and multinational corporations with international trade and cross-border banking requirements. By leveraging its deep market knowledge and specialized industry expertise, the company addresses sectors such as real estate development, hospitality, healthcare, and government services.
Leadership at First BanCorp. is spearheaded by President and Chief Executive Officer Aurelio Alemán-Bermúdez, who brings extensive experience in banking, risk management, and strategic planning. Under his direction, the company has strengthened its capital position, enhanced operational efficiency, and reinforced its commitment to corporate governance and social responsibility. First BanCorp.’s board of directors and executive team continue to focus on sustainable growth, community development, and delivering long-term value for shareholders and customers.
