FirstBank (Puerto Rico)
| Industry | Financial services |
|---|---|
| Headquarters | San Juan , Puerto Rico |
Area served | Puerto Rico, Florida |
Key people | Aurelio Alemán-Bermudez (president since 2009) |
| Products | Banking services |
| Website | www |
FirstBank (branded as 1 FirstBank) is a financial services company headquartered in San Juan, Puerto Rico, operating branches throughout Puerto Rico and in Florida locations such as Miami, Boca Raton, and Ft Lauderdale. By 2020, the bank maintained 8 branches within Florida. Since 2009, Aurelio Alemán-Bermudez has held the position of president.
In 2020, 1 FirstBank broadened its presence in Puerto Rico by acquiring Banco Santander Puerto Rico through a transaction valued at $1.1 billion. That same year, the institution was honored with a USDA Rural Development award for being a leading mortgage provider to single-family home purchasers in Puerto Rico.
History
The institution was originally named First Federal until it rebranded during the 1990s.