Need more? Try out  Advanced Search (20+ criteria)»

logo

Last Update

This profile was last updated on 4/19/2015 and contains contributions from the  Zoominfo Community.

is this you? Claim your profile.

Wrong Aurelio Aleman?

Aurelio Aleman

President

FirstBank Insurance Agency Inc

Direct Phone: (787) ***-****direct phone

GET ZOOMINFO GROW

+ Get 10 Free Contacts a Month

Please agree to the terms and conditions.

I agree to the  Terms of Service and  Privacy Policy. I understand that I will receive a subscription to ZoomInfo Grow at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

THANK YOU FOR DOWNLOADING!

computers
  • 1.Download
    ZoomInfo Grow
    v sign
  • 2.Run Installation
    Wizard
  • 3.Check your inbox to
    Sign in to ZoomInfo Grow

I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

FirstBank Insurance Agency Inc

4700 Estate Charlotte Amalie Suite 101

St Thomas, Vi,00802

U.S. Virgin Islands

Background Information

Employment History

Chief Executive Officer

First Bancorp


Vice President

Citibank


President

First Federal Finance Corporation


President

First Leasing and Rental Corporation


Vice Chairman of Directors

Friends of El Yunque Foundation


Affiliations

Credit Committe of FirstBank Puerto Rico

Member


Investment Committee of FirstBank

Member


Asset and Liability Committee

Chief Operating Officer, Senior Executive Vice President, Director, Member


MasterCard Incorporated

Caribbean Advisory Board


SER de Puerto Rico

Board Member


Web References(97 Total References)


newsismybusiness.com

From left: Aurelio Alemán, Mónica Puig, and Ginoris López-Lay, executive vice President at FirstBank, during Thursday's presentation.
From left: Aurelio Alemán, Mónica Puig, and Ginoris López-Lay, executive vice President at FirstBank, during Thursday's presentation. Puerto Rico's second-largest bank, FirstBank, wrapped up 2016 with significant growth both locally and across its markets in the U.S. Virgin Islands and Florida, and is looking ahead to more advances in 2017, CEO Aurelio Alemán said Thursday. For the past two years, FirstBank made strides in spite of Puerto Rico's challenging economic environment, he said. The franchise reached more than 500,000 customers through all business lines and expanded its ATM and point-of-sales networks to 140 machines and 5,000 retailers, respectively. In deposits, FirstBank exceeded the $5 billion figure in Puerto Rico, an increase of more than 3 percent in a declining market, he said. The figure represents a 12 percent market share for the bank. In terms of loan activity, Alemán said the bank closed on $3.4 billion in originations and renewals in both the consumer and commercial segments. Our priority is to enhance the relationship with our current clients and also, reach a younger market," Alemán said. "Mónica's positive image and the values she gracefully represents will be pivotal to attract this segment." "Mónica's journey, on and off the tennis court, as well as the values she depicts - dedication, focus, effort and passion - resonate with our Institution and our employees," said Alemán. Meanwhile, Alemán said FirstBank maintains the number one position in the USVI and nabbed a 1 percent market share in South Florida, an extremely competitive market, making FirstBank the largest Puerto Rican bank in this region. In 2016, the bank's Florida operations had $1.7 billion in assets. "As we've seen that the Puerto Rican economy is not growing, we've sought out new horizons in the USVI and Florida, where there should be growth," he said, noting that 2017 should be a year of reduced regulatory activity as opposed to how it has been over the past five years. As for how the bank has prepared for the economic onslaught and what could be similar conditions in Puerto Rico in coming years, Alemán said FirstBank has maintained appropriate reserve levels and is reducing its exposure to government debt.


www.camarapr.org [cached]

Mr. Aurelio Alemán
President & CEO, FirstBank Puerto Rico


www.sec.gov

On March 16, 2016, the Board nominated current Directors Juan Acosta Reboyras, Aurelio Alemán, Luz A. Crespo, Robert T. Gormley, Thomas M. Hagerty, Michael P. Harmon, Roberto R. Herencia, David I. Matson, and José Menéndez-Cortada to serve terms ending at the 2017 annual meeting of stockholders, and when their respective successors have been duly elected and qualified.
Aurelio Alemán, 57 President and Chief Executive Officer President and Chief Executive Officer since September 2009. Director of First BanCorp. and its subsidiary FirstBank Puerto Rico (“FirstBank”) since September 2005. Chairman of the Board of Directors and CEO of the Corporation’s subsidiaries First Federal Finance Corporation d/b/a Money Express, FirstExpress, Inc., FirstBank Puerto Rico Securities Corp., and First Management of Puerto Rico, and CEO of FirstBank Insurance Agency, Inc. Chairman of the Board of Directors and CEO of the Corporation’s subsidiary FirstMortgage, Inc. from September 2005 through December 2014. 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 the FirstBank 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 the Corporation’s subsidiary First Leasing & Rental Corp. from 1999 to June 2007. From 1996 to 1998, Vice President of Citibank, N.A., responsible for the 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. Mr. Alemán served as president of the Puerto Rico Bank’s Association from 2011 to 2013. He is a Director, since 2012, of the Latin America and Caribbean Advisory Board of MasterCard. Mr. Alemán has served as the Vice Chairman of the Board of Directors of “Friends of El Yunque Foundation” since 2012 and has been a member of the Board of Directors of “SER de Puerto Rico” since 2013. In his roles as President, Chief Executive Officer and Chief Operating Officer of the Corporation and the Bank and his prior experience as Vice President of CitiBank, N.A. and Chase Manhattan Bank, N.A., Mr. Alemán gained extensive experience with financial services, consumer business, corporate business issues, risk management, operations and technology. Six of the then current eight members of the Board, Directors Juan Acosta Reboyras, Aurelio Alemán, Luz A. Crespo, Robert Gormley, Roberto R. Herencia, and José Menéndez-Cortada, attended the 2015 Annual Meeting of Stockholders.


www.businesswire.ca

BUSINESS WIRE)--Aurelio Alemán, President and Chief Executive Officer of FirstBank, subsidiary of First BanCorp, announced today the bank's participation in the acquisition ... more >


www.v-2-a.com

Aurelio Alemán, president & CEO of FirstBank, sees 2013 as a year of optimism for the banking industry despite the large losses recently reported by FirstBank and other competitors, as part of the process of cleaning their loan portfolios.
"We see investor interest in acquiring these nonperforming assets, which is a positive thing as we heal the system. Although we are operating in a smaller economy, there are also fewer players, which generates a more competitive, rational environment than what existed previously," Alemán noted. Puerto Rico's commercial portfolios still have an elevated level of nonperforming loans, and the regulatory expectation is that these are reduced through the generation of high-quality loans," said Aurelio Alemán, president & CEO of First BanCorp, the bank holding company of FirstBank Puerto Rico. In the case of FirstBank, Alemán noted there was an increase in new loans from 2012 to 2013, although this wasn't reflected in the size of the bank's portfolio due to the significant sale of nonperforming commercial loans.


Similar Profiles

city

Browse ZoomInfo's Business
Contact Directory by City

city

Browse ZoomInfo's
Business People Directory

city

Browse ZoomInfo's
Advanced Company Directory