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: 7 Branches
Deal Type: Bank & Thrift Branch
Seller: J.P. Morgan Chase & Co.
Agreement Date2/28/2002
Announcement Date2/28/2002
Number of Target Branches7
Branch Locations Charlotte Amalie (4), VI
Christiansted (2), VI
Cruz Bay, VI

Franchise Premium ($000)NA
Tangible Book Premium/ Deposits (%)NA
StatusCompleted
Completion Date10/16/2002

 Deal Terms
Description of Consideration
NA
 Financials
Deposits ($000)342,000
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
SellerNoNA