Tag : First BanCorp

First Bancorp Completes Acquisition of GrandSouth Bancorporation
Banking News

First Bancorp Completes Acquisition of GrandSouth Bancorporation

Fintech News Desk
by Fintech News Desk0
First Bancorp announced the completion of its acquisition of GrandSouth Bancorporation, the parent company of GrandSouth Bank, on January 1, 2023. The merger solidifies First Bank’s position as one of the leading banks headquartered in the Carolinas, with total assets of approximately $12 billion and 118 branches. Mike Mayer, President and CEO......
First Bancorp Completes Acquisition of Select Bancorp, Inc.
Banking News

First Bancorp Completes Acquisition of Select Bancorp, Inc.

Fintech News Desk
by Fintech News Desk0
First Bancorp announces the completion of its acquisition of Select Bancorp, Inc., the parent company of Select Bank & Trust Company (“Select Bank”), on October 15, 2021.  The merger solidifies First Bank’s position as the leading community bank headquartered in North Carolina, with total assets of over $10 billion and over 120 branches. Richard......
First Bancorp to Acquire Select Bancorp, Inc.
Banking News

First Bancorp to Acquire Select Bancorp, Inc.

Fintech News Desk
by Fintech News Desk0
First Bancorp, the parent company of First Bank, and Select Bancorp, Inc., the parent company of Select Bank and Trust Company (“Select Bank”), announced the signing of a definitive merger agreement under which First Bancorp will acquire Select in an all-stock transaction with a total current value of approximately $314.3......
First BanCorp. Completes Acquisition of Banco Santander Puerto Rico
Banking Fintech News

First BanCorp. Completes Acquisition of Banco Santander Puerto Rico

Fintech News Desk
by Fintech News Desk0
First BanCorp, the bank holding company for FirstBank Puerto Rico (“FirstBank”), announced the completion of its previously announced acquisition of Santander BanCorp (“Santander BanCorp”) and its wholly-owned subsidiary Banco Santander Puerto Rico (“Banco Santander”). In connection with the acquisition, Santander BanCorp and Banco Santander will be merged into FirstBank, with......
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