Mergers & Acquisitions

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FIRST BANCORP. (NYSE - FBP)  
M&A History<< Return to Mergers & Acquisitions
 Deal Overview
Buyer: First BanCorp
Actual Acquirer: FirstBank Puerto Rico
Target: 1 Branch
Deal Type: Bank & Thrift Branch
Seller: Royal Bank of Canada
Agreement Date4/26/1999
Announcement Date4/26/1999
Number of Target Branches1
Branch Locations San Juan, PR
Franchise Premium ($000)NA
Tangible Book Premium/ Deposits (%)NA
StatusCompleted
Completion Date9/15/1999

 Deal Terms
Description of Consideration
NA
 Financials
Deposits ($000)40,000
Total Assets ($000)NA
 Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerNoNA

 Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesFiddler Gonzalez & Rodriguez
SellerYesGoldman Antonetti & Cordova