People: First Bancorp (FBP)

FBP on New York Consolidated

6.18USD
17 May 2013
Price Change (% chg)

$0.00 (+0.00%)
Prev Close
$6.18
Open
$6.18
Day's High
$6.23
Day's Low
$6.13
Volume
292,035
Avg. Vol
364,589
52-wk High
$6.40
52-wk Low
$3.20

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Summary

Name Age Since Current Position

Roberto Herencia

 52 2011 Non-Executive Independent Chairman of the Board

Aurelio Aleman-Bermudez

 53 2009 President, Chief Executive Officer, Director

Orlando Berges-Gonzalez

 54 2009 Chief Financial Officer, Executive Vice President

Nayda Rivera-Batista

 38 2008 Executive Vice President, Chief Risk Officer, Assistant Secretary

Lawrence Odell

 63 2006 Executive Vice President, General Counsel, Secretary

Calixto Garcia-Velez

 44 2009 Executive Vice President and FirstBank Florida Regional Executive

Ginoris Lopez-Lay

 43 2010 Executive Vice President and Retail and Banking Executive

Dacio Pasarell-Colon

 63 2002 Executive Vice President and Banking Operations Executive

Emilio Martino-Valdes

 61 2005 Executive Vice President and Chief Lending Officer of FirstBank

Cassan Pancham

 51 2005 Executive Vice President and Eastern Caribbean Region Executive of FirstBank

Robert Gormley

 2012 Director

Thomas Hagerty

 50 2011 Independent Director

Michael Harmon

 2011 Independent Director

Jose Menendez-Cortada

 64 2011 Independent Director

Fernando Rodriguez-Amaro

 63 2005 Independent Director
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Biographies

Name Description

Roberto Herencia

 Mr. Roberto R. Herencia serves as Non-Executive Independent Chairman of the Board of First BanCorp., since October 7, 2011. Mr. Herencia has been President and CEO of BXM Holdings, a fund specializing in community bank investments since October 2010. Between 2009 and 2010, President and CEO of Midwest Banc Holdings Inc. and Midwest Bank and Trust. Previously, spent 17 years with Popular Inc. as its Executive Vice President and as President of Banco Popular North America. Prior to joining Popular, Mr Herencia spent 10 years with The First National Bank of Chicago (now J.P. Morgan Chase) in a variety of roles, including Deputy Senior Credit Officer and Head of the Emerging Markets Division. He is an independent director of SKBHC Holdings, a bank holding company, and its subsidiary banks, AmericanWest Bank and First National Bank of Starbuck. Mr. Herencia was nominated by President Obama to serve on the Overseas Private Investment Corporation’s (OPIC) Board of Directors, and he was confirmed by the Senate in October 2011. Mr. Herencia is a Trustee of the Museum of Science and Industry in Chicago. DePaul University, and Northwestern Memorial Foundation in Chicago. He serves on the Board of Directors of Junior Achievement of Chicago, the Navy Pier Corporation in Chicago and Operation Hope in Los Angeles. Mr. Herencia is a former member of the Board of Directors of The ServiceMaster Company, a public corporation, where he served as Chairman of its Audit and Finance Committee.

Aurelio Aleman-Bermudez

 Mr. Aurelio Aleman-Bermudez is President, Chief Executive Officer, Director of First BanCorp. He has been President and Chief Executive Officer since September 2009. Director of First BanCorp and FirstBank Puerto Rico since September 2005. Chairman of the Board of Directors and CEO of First Federal Finance Corporation d/b/a Money Express, FirstMortgage, Inc., FirstExpress, Inc., FirstBank Puerto Rico Securities Corp., and First Management of Puerto Rico, and CEO of FirstBank Insurance Agency, Inc. Senior Executive Vice President and Chief Operating Officer of First BanCorp from October 2005 to September 2009. Executive Vice President responsible for consumer banking and auto financing of FirstBank between 1998 and 2009. From April 2005 to September 2009, also responsible for the retail banking distribution network, First Mortgage and FistBank Virgin Islands operations. President of First Federal Finance Corporation d/b/a Money Express from 2000 to 2005. President of FirstBank Insurance Agency, Inc. from 2001 to 2005. President of First Leasing & Rental Corp. from 1999 to June 2007. From 1996 to 1998, Vice President of CitiBank, N.A., responsible for wholesale and retail automobile financing and retail mortgage business. Vice President of Chase Manhattan Bank, N.A., responsible for banking operations and technology for Puerto Rico and the Eastern Caribbean region from 1990 to 1996.

Orlando Berges-Gonzalez

 Mr. Orlando Berges-Gonzalez is Chief Financial Officer, Executive Vice President of First BanCorp. He has over 30 years of experience in the financial, administration, public accounting and business sectors. Mr. Berges-González served as Executive Vice President of Administration of Banco Popular de Puerto Rico from May 2004 until May 2009, responsible for supervising the finance, operations, real estate, and administration functions in both the Puerto Rico and U.S. markets. Executive Vice President and Chief Financial, Operations and Administration Officer of Banco Popular North America from January 1998 to September 2001, and as Regional Manager of a branch network of Banco Popular de Puerto Rico from October 2001 to April 2004. Mr. Berges-González is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants and of the Puerto Rico Society of Certified Public Accountants. Director of First Leasing and Rental Corporation, First Federal Finance Corporation d/b/a Money Express, FirstMortgage, FirstBank Overseas Corp., First Insurance Agency, Inc., First Express, Inc., FirstBank Puerto Rico Securities Corp., First Management of Puerto Rico, and FirstBank Insurance Agency, Inc., Grupo Empresas Servicios Financieros, and First Resolution Company.

Nayda Rivera-Batista

 Ms. Nayda Rivera-Batista is Executive Vice President, Chief Risk Officer, Assistant Secretary of First Bancorp. She has been Executive Vice President since January 2008. Senior Vice President and Chief Risk Officer since April 2006. Senior Vice President and General Auditor from July 2002 to April 2006. She is a Certified Public Accountant, Certified Internal Auditor and Certified in Financial Forensics. More than 15 years of combined work experience in public company, auditing, accounting, financial reporting, internal controls, corporate governance, risk management and regulatory compliance. Served as a member of the Board of Trustees of the Bayamón Central University from January 2005 to January 2006. Director of FirstMortgage, FirstBank Overseas Corp., and FirstBank Puerto Rico Securities Corp since October 2009.

Lawrence Odell

 Mr. Lawrence Odell is Executive Vice President, General Counsel and Secretary First Bancorp. He served as Senior Partner at Martínez Odell & Calabria from 1979 until March 31, 2012. Over 30 years of experience in specialized legal issues related to banking, corporate finance and international corporate transactions. Served as Secretary of the Board of Pepsi-Cola Puerto Rico, Inc. from 1992 to 1997. Served as Secretary to the Board of Directors of BAESA, S.A. from 1992 to 1997. Director of FirstBank Puerto Rico Securities Corp. and First Management of Puerto Rico since March 2009.

Calixto Garcia-Velez

 Mr. Calixto Garcia-Velez is Executive Vice President and FirstBank Florida Regional Executive of First Bancorp. Before that, President and CEO of Doral Bank, EVP and President of the Consumer Banking Division of Doral Financial Corp in Puerto Rico and a member of Doral Bank’s Board of Directors from September 2006 to November 2008. President of West Division of Citibank, N.A., responsible for the Bank’s businesses in California and Nevada from 2005 to August 2006. From 2003 to 2006, Business Manager for Citibank’s South Division where he was responsible for Florida, Texas, Washington, D.C., Virginia, Maryland and Puerto Rico. President of Citibank, Florida and board member of Citibank F.S.B. and Citibank West, F.S.B. from 1999 to 2003.

Ginoris Lopez-Lay

 Ms. Ginoris Lopez-Lay is Executive Vice President and Retail and Banking Executive of First BanCorp. She is responsible for the retail banking services as well as commercial services for the business banking segment. Joined First BanCorp in 2006 as Senior Vice President, the Retail Financial Services Division and establishing the Strategic Planning Department. Senior Vice President and Manager of the Strategic Planning and Marketing Division of Banco Popular Puerto Rico from 1996 to 2005. Other positions at Banco Popular, after joining in 1989, included Vice President of Strategic Planning and Financial Analyst of the Finance and Strategic Planning Group. Member of the Board of Directors (since 2001) and Vice Chairman (since 2005) of the Center for the New Economy, and advisor to the Board of Trustees of the Sacred Heart University from 2003 to 2004.

Dacio Pasarell-Colon

 Mr. Dacio A. Pasarell-Colon is Executive Vice President and Banking Operations Executive of First Bancorp. He has over 27 years of experience at Citibank N.A. in Puerto Rico, which included the following positions: Vice President, Retail Bank Manager, from 2000 to 2002; Vice President and Chief Financial Officer from 1998 to 2000; Vice President, Head of Operations in 1998; Vice President Mortgage and Automobile Financing; Product Manager, Latin America from 1996 to 1998; Vice President, Mortgage and Automobile Financing Product Manager for Puerto Rico from 1986 to 1996. President of Citiseguros PR, Inc. from 1998 to 2001. Chairman of Ponce General Corporation and Director of FirstBank Florida from April 2005 until July 2009.

Emilio Martino-Valdes

 Mr. Emilio Martino-Valdes is Chief Lending Officer and Executive Vice President of FirstBank, subsidiary of First Bancorp. He served as Senior Vice President and Credit Risk Manager of FirstBank from June 2002 to October 2005. Staff Credit Executive for FirstBank’s Corporate and Commercial Banking business components since November 2004. First Senior Vice President of Banco Santander Puerto Rico; Director for Credit Administration, Workout and Loan Review, from 1997 to 2002. Senior Vice President for Risk Area in charge of Workout, Credit Administration, and Portfolio Assessment for Banco Santander Puerto Rico from 1996 to 1997. Deputy Country Senior Credit Officer for Chase Manhattan Bank Puerto Rico from 1986 to 1991. Director of First Mortgage, Inc. since October 2009.

Cassan Pancham

 Mr. Cassan Pancham is Executive Vice President and Eastern Caribbean Region Executive of FirstBank, subsidiary of First Bancorp. He served as First Senior Vice President, Eastern Caribbean Region of FirstBank from October 2002 until October 2005. Director and President of FirstExpress, Inc. and First Insurance Agency, Inc. since 2005. Director of FirstMortgage since February 2010. Held the following positions at JP Morgan Chase Bank Eastern Caribbean Region Banking Group: Vice President and General Manager from December 1999 to October 2002; Vice President, Business, Professional and Consumer Executive from July 1998 to December 1999; Deputy General Manager from March 1999 to December 1999; and Vice President, Consumer Executive, from December 1997 to 1998. Member of the Governing Board of Directors of the Virgin Islands Port Authority since June 2007 and Chairman from January 2008 through January 2011. Director of FirstMortgage, Inc., First Insurance Agency, Inc., First Express, Inc., FirstBank Insurance Agency, Inc. and FirstBank Puerto Rico Securities Corp.

Robert Gormley

 Mr. Robert T. Gormley is appointed as the Director of First BanCorp. Mr. Gormley is a former bank executive whose career in the banking industry has spanned nearly four decades. In 1970, after graduating from Providence College with a bachelor’s degree in management, he entered the management trainee program at Fleet Bank N.A., where he eventually rose to the position of executive vice president and senior loan officer. In 1993, he joined Citizens Financial Group, serving initially as executive vice president and chief lending officer for Citizens Bank of Rhode Island, then as president and CEO of various branches in New England, and finally, as vice chairman and chief risk officer of Citizens Financial Group until his retirement in 2007.

Thomas Hagerty

 Mr. Thomas M. Hagerty is Independent Director of First BanCorp., since November 18, 2011. Mr. Hagerty is a managing director with Thomas H. Lee Partners, L.P. since 1992 and with the firm since 1988. Previously in the Mergers and Acquisitions Department of Morgan Stanley & Co. Incorporated. Director also of Ceridian Corporation, Fidelity National Financial, Inc., Fidelity National Information Services, Inc., MGIC Investment Corporation, and MoneyGram International, Inc. In an attempt to preserve the value of an investment in Conseco, Inc. by an affiliate of THL, Mr. Hagerty served as the interim chief financial officer of Conseco from July 2000 until April 2001. In December 2002, Conseco filed a petition under the federal bankruptcy code.

Michael Harmon

 Mr. Michael P. Harmon is Independent Director of First BanCorp., since October 27, 2011. Mr. Harmon is a managing director with the Principal Group of Oaktree Capital Management L.P., a registered investment advisor and affiliate of Oaktree Group, where he has been responsible for sourcing, evaluating and managing private equity investments since 1997. Prior to this, positions in the Corporate Recovery Consulting group of Price Waterhouse and the Distressed Credits group at Society Corporation. Director of SKBHC Holdings, LLC, American West Bank, Starbuck Bancorp, AloStar Bancorp, Alliance Healthcare Services, Novis Pharmaceuticals, LLC and Senior Home Care.

Jose Menendez-Cortada

 Mr. Jose Menendez-Cortada serves as Independent Director of First Bancorp. He is Director and Vice President at Martínez-Alvarez, Menéndez-Cortada & Lefranc-Romero, PSC (a full service firm specializing in Commercial, Real Estate and Construction Law) in charge of the corporate and tax divisions until 2009; joined the firm in 1977. Tax Manager at PriceWaterhouse Coopers, LLP until 1976. Counsel to the Board of Bermudez, Longo, Díaz-Masso, LLC since 1985, director of Tasis Dorado School since 2002, director of the Homebuilders Association of Puerto Rico from 2002 to November 2011 trustee of the Luis A. Ferré Foundation, Inc. (Ponce Art Museum) since 2002 and co-chairman of the audit committee of that foundation since 2009. Director of the Corporation since April 2004. Served as Chairman of the Board from September 2009 to October 2011. Served as Lead Independent Director from February 2006 to September 2009.

Fernando Rodriguez-Amaro

 Mr. Fernando Rodriguez-Amaro is Independent Director of First Bancorp. He is Managing Partner and Partner in the Audit and Accounting Division of RSM ROC & Company since 1980, and prior thereto, Audit Manager with Arthur Andersen & Co. from June 1971 to October 1980. Worked with clients in the banking, insurance, manufacturing, construction, government, advertising, radio broadcasting and services industries. Certified Public Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, and Charter Global Management Accountant. Member of the Board of Trustees of Sacred Heart University of Puerto Rico since August 2003, serving as member of the Executive Committee and Chairman of the Audit Committee since 2004. Member of the Board of Trustees of Colegio Puertorriqueño de Niñas since 1996, and also as a member of the Board of Directors from 1998 to 2004 and, since late 2008.

Insider Trading

Name Shares Traded Price

BERGES ORLANDO GONZALEZ

 60,033 $6.03

LOPEZ LAY GINORIS

 38,308 $6.03

MARTINO VALDES EMILIO

 31,177 $6.03

BARRERAS PELLEGRINI VICTOR M

 20,000 $6.03

PANCHAM CASSAN

 45,605 $6.03

RIVERA-BATISTA NAYDA

 41,459 $6.03

ROMERO PEDRO

 20,000 $6.03

GARCIA VELEZ CALIXTO

 54,892 $6.03

ALEMAN BERMUDEZ AURELIO

 111,940 $6.03

PASARELL COLON DACIO A

 31,840 $6.03

ODELL LAWRENCE

 51,907 $6.03

GORMLEY ROBERT

 10,000 $5.42

GORMLEY ROBERT

 6,097 $4.10

MCDONALD MICHAEL

 50,000 $4.32

MENENDEZ CORTADA JOSE

 5,000 $3.75

RODRIGUEZ AMARO FERNANDO

 7,485 $3.34

RODRIGUEZ PERELLO JOSE F

 7,485 $3.34

RODRIGUEZ PERELLO JOSE F

 5,000 $3.54

OAKTREE CAPITAL GROUP HOLDINGS GP L L C

 7,485 $3.34

HERENCIA ROBERTO R

 7,485 $3.34

HAGERTY THOMAS M

 7,485 $3.34

MENENDEZ CORTADA JOSE

 7,485 $3.34

HARMON MICHAEL P

 7,485 $3.34

RODRIGUEZ AMARO FERNANDO

 2,000 $3.50

RODRIGUEZ PERELLO JOSE F

 4,700 $3.24
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