Mergers & Acquisitions

Investor RelationsMergers & Acquisitions
FIRST BANCORP. (NYSE - FBP)  
M&A History<< Return to Mergers & Acquisitions
 Deal Overview
Buyer: First BanCorp
Actual Acquirer: FirstBank Puerto Rico
Target: 4 Branches
Deal Type: Bank & Thrift Branch
Seller: Citigroup, Inc.
Agreement Date10/29/1999
Announcement Date10/29/1999
Number of Target Branches4
Branch Locations Charlotte Amalie, PR
Ponce, PR
Mayaguez, VI
San Juan, VI

Franchise Premium ($000)NA
Tangible Book Premium/ Deposits (%)NA
StatusCompleted
Completion Date12/31/1999

 Deal Terms
Description of Consideration
NA
 Financials
Deposits ($000)83,000
Total Assets ($000)NA