| First BanCorp. is a financial holding company offering a full range of financial services through its wholly owned subsidiaries, FirstBank Puerto Rico (FirstBank) and FirstBank Insurance Agency, Inc.. The Company operates in the Puerto Rico and Virgin Islands banking markets, offering a wide selection of financial services to consumer and commercial customers. Commercial, consumer and mortgage loans and investment securities are the most important areas of its business. Through FirstBank, the Company also offers brokerage services in selected branches through an alliance with a national brokerage house in Puerto Rico. The Company offers insurance agency services through FirstBank Insurance Agency and through FirstBank Insurance Agency V. I., Inc., a subsidiary of FirstBank. |