First Bancorp in Puerto Rico Sells Insurance Business

First Bancorp in San Juan, Puerto Rico, has sold an insurance agency.

Hub International in Chicago said in a press release Friday that it had bought certain assets tied to FirstBank Insurance Agency. Hub did not disclose the price it paid the $12.7 billion-asset First Bancorp.

The agency proves property and casualty insurance.

 

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M&A Community banking Puerto Rico
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