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The deal was expected to close this summer, but First BanCorp said a regulatory review is hitting snags.
May 1 -
One credit union's experience helping Puerto Ricans after Hurricane Maria illustrates how powerful financial wellness tools can be.
January 3PenFed -
Raging Capital Management also urged the company's board to repurchase stock and think about selling a minority stake in the payments processor Evertec.
December 10 -
Raging Capital Management also urged the company's board to repurchase stock and think about selling a minority stake in the payments processor Evertec.
December 10 -
The deal, which is expected to close in mid-2020, would create a company with nearly $18 billion of assets and more than $14 billion of deposits.
October 22 -
The heads of the island's largest banks are worried that ongoing protests over government corruption and other scandals are a setback to an economy slowly rebounding from the devastating hurricanes of 2017.
July 24 -
The $550 million purchase will include a branch in the U.S. Virgin Islands.
June 27 -
From new legislation to mergers and more, here's a look at measures from across the country that could change how credit unions do business.
April 12 -
The U.S. territory has some of the nation’s highest electricity prices, but a new law spurred by Puerto Rico’s cooperativas could be a game changer for the island.
April 9 -
The federal government's more active role in GDP, payroll and other vital statistics produced by the island could hasten its recovery from Hurricane Maria and lift lending and bank valuations at the same time.
March 17