First BanCorp is a bank holding company based in San Juan, Puerto Rico, offering a comprehensive range of financial services to individuals, businesses and public sector clients. Through its principal banking subsidiary, FirstBank, the company operates a network of branches and offices across Puerto Rico, the U.S. Virgin Islands and select U.S. mainland markets. Its core focus includes deposit products, lending solutions and treasury management services designed to meet the needs of a diverse customer base.
The company’s principal business activities encompass commercial and consumer banking, mortgage lending, equipment financing and insurance premium financing. First BanCorp provides checking and savings accounts, certificates of deposit and retirement planning accounts for retail clients, as well as working capital lines, term loans and real estate financing for small and middle-market enterprises. In addition, the bank offers specialized treasury management services, enabling clients to optimize cash flow, streamline receivables and manage payables electronically.
First BanCorp extends its geographic footprint beyond Puerto Rico through its offices in the U.S. Virgin Islands and strategic branches in Florida and New York. This regional diversification allows the company to serve a broad spectrum of markets, from local commercial enterprises in the Caribbean to expatriate communities and businesses on the U.S. mainland. A combination of physical locations and digital banking platforms ensures clients have seamless access to products and services, regardless of where they operate.
Founded in 1948 as First Federal Savings & Loan Association of the Caribbean, the organization has grown into a leading regional banking franchise. Over the decades, it has expanded its offerings and market presence through organic growth and targeted acquisitions. The company’s executive leadership is headed by President and Chief Executive Officer Javier J. Menéndez, who guides the strategic vision and day-to-day operations. First BanCorp’s enduring presence in the region underscores its commitment to supporting economic development and financial inclusion in its core markets.
