SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13
or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): April 19, 2002
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First BanCorp.
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(Exact name of registrant as specified in this charter)
Puerto Rico 001-14793 66-0561882
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(State or other jurisdiction of (Commission File No.) (IRS Employer
incorporation) Identification No.)
1519 Ponce De Leon Avenue, San Juan, Puerto Rico 00908-0146
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (787) 729-8200
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ITEM 5. OTHER EVENTS
On April 19, 2002, FirstBank Puerto Rico, a wholly-owned subsidiary of
First BanCorp., signed a Definitive Agreement to acquire JP Morgan Chase's
Eastern Caribbean Region business in the U.S. Virgin Islands, British Virgin
Islands and Barbados. This transaction includes the acquisition of the Assets
of Chase Trade, Inc. and the purchase of all the outstanding shares of Chase
Agency Services, Inc. The transactions contemplated in that Definitive
Agreement are subject to regulatory approval.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant had duly caused this report to be signed on its behalf of the
undersigned hereunto duly authorized.
FIRST BANCORP.
By: /s/ Annie Astor-Carbonell
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Annie Astor-Carbonell
Senior Executive Vice President
and Chief Financial Officer
Date: April 24, 2002