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2016-11-07T00:00:00.000Z

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Wrong Aurelio Aleman?

Mr. Aurelio Aleman

Chief Executive Officer

FIRST BANCORP /PR/

HQ Phone: (787) 729-8200

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FIRST BANCORP /PR/

1519 Ponce De Leon Ave

San Juan, San Juan 00908

United States

Company Description

First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the Virgin Islands and Florida, and of FirstBank Insurance Agency. First BanCorp. and FirstBank Puerto Rico operate within ... more

Find other employees at this company (428)

Background Information

Employment History

President and Chief Executive Officer

FirstBank Insurance Agency Inc

Vice Chairman of Directors

Friends of El Yunque Foundation

Vice President

Citibank

Affiliations

Member
Credit Committe of FirstBank Puerto Rico

Member
Investment Committee of FirstBank

Caribbean Advisory Board
MasterCard Incorporated

Board Member
SER de Puerto Rico

Chief Operating Officer, Senior Executive Vice President, Director, Member
Asset and Liability Committee

Web References (95 Total References)


...

www.sec.gov [cached]

0001180593 ALEMAN AURELIO P.O. BOX 9146 SAN JUAN PR 00908-0146 PUERTO RICO 1 1 0 0 President and CEO


On March 16, 2016, the Board ...

www.sec.gov [cached]

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.


Aurelio Alemàn ...

www.sec.gov [cached]

Aurelio Alemàn


...

www.sec.gov [cached]

0001180593 ALEMAN AURELIO P.O. BOX 9146 SAN JUAN PR 00908-0146 PUERTO RICO 1 1 0 0 President and CEO


Aurelio Alemán, president & ...

www.v-2-a.com [cached]

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.

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