SAN JUAN, Puerto Rico -- First Federal Savings Bank of Puerto Rico said the Office of Thrift Supervision has released it from supervisory restrictions imposed on Oct. 11, 1990.

Citing operational improvements it has achieved, First Federal said it will no longer be subject to restrictions on lending or on asset and deposit growth. "This will enable First Federal to continue expanding our business activities in an aggressive and prudent manner," said president and chief executive Angel Alvarez Perez.

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