Banking Exchange

SEPTEMBER 2, 2020

Plus: FirstBank Puerto Rico completes Santander purchase, and Farmers and Merchants Bank is approved for community bank merger Management Feature Feature3 M&A.

Puerto Rico 78

Puerto Rico Capital Community Bank Community 78

American Banker

OCTOBER 5, 2016

First Bancorp in San Juan, Puerto Rico, has added a managing director from a New York private equity firm to its board.

Puerto Rico 44

Puerto Rico New York Management Community Bank 44

Independent Banker

OCTOBER 1, 2021

A cluster of community activists and business leaders pooled their resources to form Ponce de León Federal Savings and Loan Association, which opened its first branch on March 31, 1960. They named the community bank after the Spanish explorer and governor of Puerto Rico, Juan Ponce de León, to honor its founders’ roots. “If

Puerto Rico 113

Puerto Rico New York City Community New York 113

Jeff For Banks

DECEMBER 16, 2022

Each employee has an ownership stake in the bank through its Employee Stock Ownership Plan. In 2021, the bank expensed over $530 thousand to the ESOP to benefit employees. Twenty-six percent of the bank is owned by the Board, Executive Management, and the ESOP. and Puerto Rico banking laws and regulations.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Jeff For Banks

JULY 24, 2015

Investors will now worry about the ripple effect from other countries with debt levels that are unsustainable, including Spain, Portugal, Italy, and closer to home, Puerto Rico, and who have economies that are weak. First Federal Update After our merger is approved by regulatory agencies, we will become part of Penn Community Bank.

Puerto Rico 60

Puerto Rico Community Bank Community Risk Management 60