June 30, 2008

Termination of enforcement action against First BanCorp

For immediate release

The Federal Reserve Board on Monday announced the termination of the enforcement action listed below.  Terminations of enforcement actions are listed on the Federal Reserve's public website, www.federalreserve.gov/boarddocs/enforcement, as they occur.

First BanCorp, Santurce, Puerto Rico
Cease and Desist Order dated March 16, 2006
Terminated June 24, 2008
Last Update: June 30, 2008