First Bancorp in San Juan, Puerto Rico, has added a managing director from a New York private equity firm to its board.

The $12.7-asset company disclosed in a regulatory filing on Wednesday that Joshua Bresler will serve as the board representative for Thomas H. Lee Partners, where he is a managing director. The firm owns 19.1% of First Bancorp's common stock.

Bresler, who also joined the board of FirstBank Puerto Rico, has served as a nonvoting board observer at the company since 2011.

Bresler joined Thomas H. Lee Partners in 2002. Previously, he worked at Goldman, Sachs & Co.


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