NYSE, FBP - First Bancorp
First BanCorp (the ?Corporation?) is a publicly-owned financial holding
company that is subject to regulation, supervision and examination by the
Federal Reserve Board (the ?FED?). The Corporation was incorporated under the
laws of the Commonwealth of Puerto Rico to serve as the bank holding company for
FirstBank Puerto Rico (?FirstBank? or the ?Bank?). The Corporation is a full
service provider of financial services and products with operations in Puerto
Rico, the United States and the US and British Virgin Islands.
The Corporation provides a wide range of financial services for retail,
commercial and institutional clients. As of December 31, 2007, the Corporation
controlled four wholly-owned subsidiaries: FirstBank, FirstBank Insurance
Agency, Inc. (?FirstBank Insurance Agency?), Grupo Empresas de Servicios
Financieros (d/b/a ?PR Finance Group?) and Ponce General Corporation, Inc.
(?Ponce General?). ...
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