FirstBank Puerto Rico

 (2.3; 3 ratings)
2.3 3

Business Focus

retail banking, commercial banking

Established in 1984 as First Federal Savings and Loans Association, FirstBank Puerto Rico provides banking and financial services to private individuals and legal entities in Puerto Rico, the United States, and the British Virgin Islands. In the British Virgin Islands FirstBank Puerto Rico provides retail banking, business banking and insurance products to domestic customers.

Ways to Bank

FirstBank Puerto Rico delivers its products and services through both direct and indirect channels, namely:
branch
online banking
mobile app

Deposit Guarantee

Guarantee Fund
none
Protected Amount
0 USD
Eligible Depositors
none
Covered Accounts
none

Although there is no deposit guarantee scheme in the British Virgin Islands, the Government of the British Virgin Islands acknowledged the need to offer some level of security to depositors. In May 2016, the Virgin Islands Deposit Insurance Act 2016 (VIDIC Act) providing necessary framework was published. The implementation of the deposit insurance system is designed to protect at least savings of domestic depositors in the Territory: in the case of FirstBank Puerto Rico failure its depositors will not get any compensation.

Contacts

Road Town, VG1110, Tortola, British Virgin Islands
435
1-284-494-2662
1-284-494-3863

FirstBank Puerto Rico is located in Tortola.

Bank Supervision

Supervised By
Financial Services Commission

FirstBank Puerto Rico is authorized and supervised by the Financial Services Commission.

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See Also

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