First BanCorp

$424,174,000

Committed

of Bank bailout commitment

0.1%

of total bailout commitment.

Map: Corporate headquarters of First BanCorp.
San Juan, Puerto Rico
See all recipients in Puerto Rico

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$26M Revenue

Oct. 7, 2011 Dividend - Cumulative

Part of Capital Purchase Program
$7M Revenue

May 31, 2009 Dividends Paid Through 5/31/2009

This amount reflects the sum of dividends paid up to 5/31/2009

Part of Capital Purchase Program
$424M Bailout

Jan. 16, 2009 Purchase - Preferred Stock w/ Warrants

On 7/20/2010, Treasury completed the exchange of its $400,000,000 of Preferred Stock in First BanCorp for $424,174,000 of Mandatorily Convertible Preferred Stock (MCP), which is equivalent to the initial investment amount of $400,000,000, plus $24,174,000 of capitalized previously accrued and unpaid dividends. Subject to the fulfillment by First BanCorp of certain conditions, including those related to its capital plan, the MCP may be converted to common stock.

Part of Capital Purchase Program

More info from www.financialstability.gov

Date	Type	Amount	Program	Description
10/07/2011	Dividend	$26,388,275	CPP	Dividend - Cumulative
05/31/2009	Dividend	$6,611,111	CPP	Dividends Paid Through 5/31/2009
01/16/2009	Purchase	$424,174,000	CPP	Purchase - Preferred Stock w/ Warrants