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First Bank Mergers & Acquisitions

First Bank M&A Summary

First Bank has acquired 14 companies, including 1 in the last 5 years. It has also divested 1 asset.

First Bank’s largest acquisition to date was in 2014, when it acquired Doral Financial - Portfolio Of Mortgage Loans for $234M. First Bank has acquired in 5 different US states, and 3 countries. The Company’s most targeted sectors include financial services (93%) and insurance (8%).

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity14
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 8

First Bank

First BanCorp.

1519 Ponce de Leon Ave. Stop 23 PO Box 9146,
San Juan, 00908
Puerto Rico,
(787) 760-8200
www.1firstbank.com

All (15) Buy (14) Sell (1)
Date Target Value
$mlns 		Transaction Type Acquirer Seller SRC
Link
2022-06-21 GrandSouth Bank · Financial Services
Greenville, South Carolina · www.grandsouth.com

GrandSouth Bank is a South Carolina state bank that offers a full array of commercial bank services. Deposit services include business and personal checking accounts, savings accounts, money market accounts, various term certificates of deposit, IRA accounts, and other deposit services. GrandSouth Bank was formed in 1998 and is based in Greenville.

Advisors: Nelson Mullins Riley & Scarborough , Piper Sandler & Co. 		181 Add-on Acquisition

First Bank

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