Moody’s: PR banks buffers improved vs. recession
February 10, 2017
Moody's-rated Puerto Rican banks, Banco Santander Puerto Rico, Banco Popular de Puerto Rico and FirstBank Puerto Rico have improved their capitalization, reserves and core funding in the face of protracted economic recession in the Commonwealth ...
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FirstBank launches lawyer trust deposit account
February 9, 2017
FirstBank and the Access to Justice Fund Foundation announced the launching of the Interest on Lawyer Trust Account (“IOLTA”,) or “Cuenta de Intereses en Fideicomiso de Abogados y Abogadas (CIFAA),” aimed at ensuring the availability ...
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FirstBank grants $4.5M in working capital to Pentaq
February 1, 2017
FirstBank announced it has granted Pentaq Manufacturing Corp.the first working capital line of credit of $4.5 million under the CAPLine program of the U. S. Small Business Administration.
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