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: Credit card portfolio
Deal Type: Specialty Finance Portfolio
Seller: Bank of America Corporation
Agreement Date5/7/2012
Announcement Date5/7/2012
Announced Deal Value ($M)NA
StatusCompleted
Completion Date5/30/2012

 Deal Terms
Description of Consideration
The terms of the deal were not disclosed.
Percent Acquired (%)NA
Purchase MethodAcquisition
Merger of Equals?NA
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
 Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerYesFirst Annapolis Consulting Inc

 Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerNANA
SellerNANA