Mergers & Acquisitions

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M&A History<< Return to Mergers & Acquisitions
 Deal Overview
Buyer: First BanCorp
Actual Acquirer: FirstBank Puerto Rico
Target: First Virgin Islands Federal Savings Bank
Deal Type: Bank & Thrift Company
Agreement Date4/26/2000
Announcement Date4/26/2000
Announced Deal Value ($M)NA
Completion Date9/25/2000
Announced Deal Value Per Share ($)NA

 Deal Terms
Description of Consideration
Terms of the transaction were not disclosed.
Accounting MethodNA
In-State Transaction?No
Merger of Equals?No
Geographic Expansion?In Market
Goodwill Generated ($000)NA
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
Maximum Termination Fee ($000)NA
Minimum Termination Fee ($000)NA
Exchange Ratio (Common For Common)NA
Exchange Ratio (Common For Preferred)NA
Exchange Ratio (Preferred For Common)NA
Exchange Ratio (Preferred For Preferred)NA
Lockup AgreementNA
Strike Price ($)NA
% of Shares OutstandingNA
Shares Under OptionNA
Core Deposit Intangibles ($000)NA
 Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
SellerYesFeldman Finl Advisors Inc.

 Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesFiddler Gonzalez & Rodriguez
SellerYesSilver Freedman Taff & Tiernan