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FBP First Bankcorp


News yesterday 12-7-10
Doral Financial Corp. (DRL) said in a securities filing Tuesday that its rejected offer for First BanCorp (FBP) of Puerto Rico was the "most viable alternative" to First BanCorp's own efforts to raise capital.

On Monday First BanCorp said it had received and rejected from Doral an offer of 30 cents a share in an all-stock deal. First BanCorp said the offer wasn't in the best interest of the company and its shareholders

News today 12-8-10

First BanCorp Announces Loan Sale and Accelerates De-Risking of Balance Sheet

First BanCorp Announces Loan Sale and Accelerates De-Risking of Balance Sheet
First Bancrp (NYSE:FBP)
Intraday Stock Chart
Today : Wednesday 8 December 2010
First BanCorp (the “Corporation”) (NYSE:FBP) announced that it has signed, on December 7, 2010, a letter of intent to sell approximately a $701.9 million loan portfolio, with a net book value of $602.8 million, of which approximately 95% are adversely classified. The buyer is a new joint venture entity, majority owned by a global financial services firm.