-
The three largest shareholders of First BanCorp (FBP) in San Juan, Puerto Rico, are planning to sell approximately $189 million worth of shares.
August 14 -
First BanCorp (FBP) in San Juan, P,R., reported a large quarterly loss as it purged its nonperforming assets.
July 26 -
First BanCorp (FBP) has traveled a bumpy road to recovery but top management hopes a clear strategy will help the San Juan, Puerto Rico, company complete its turnaround.
June 17 -
First BanCorp in San Juan, Puerto Rico, said that one of its directors resigned over a personal issue with another member of the board.
March 12
First BanCorp (FBP) in San Juan, Puerto Rico, has added a former Union Bank executive to its board of directors.
David Matson will serve on the board's asset and liability committee and on its newly created risk management committee, according to First BanCorp's Tuesday filing with the Securities and Exchange Commission.
Matson has worked in the banking industry for almost 40 years. He began his career as a vice president and area manager at a Wells Fargo (WFC) leasing subsidiary before joining San Francisco-based Union Bank in 1976. Over the course of the next several decades, Matson held a variety of management roles at Union Bank. He retired from his position as vice chairman and chief financial officer of the company's finance group in 2010.
In the years since his retirement, Matson has served as an independent director of SKBHC Holdings and its subsidiary, Starbuck Bancshares, both of which are based in Seattle.
The $12.8 billion-asset First BanCorp has been working to
