---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-21-034479"
form_type: "8-K"
ticker: "FBP"
cik: "0001057706"
company_name: "FIRST BANCORP /PR/"
filed_at: "2021-10-13T23:59:59+00:00"
generated_at: "2026-06-28T21:01:29.118453+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# First BanCorp EVP and Florida Region Executive resigns effective Oct 12

## Summary
- Calixto García-Vélez resigned as EVP and Florida Region Executive of FirstBank Puerto Rico.
- Resignation effective October 12, 2021; not due to any disagreements with the company.
- Company thanked García-Vélez for his service.
- No replacement was named in the filing.

## SEC filing metadata
- accession: 0001140361-21-034479
- form_type: 8-K
- ticker: FBP
- cik: 0001057706
- company_name: FIRST BANCORP /PR/
- filed_at: 2021-10-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1057706/000114036121034479/0001140361-21-034479-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1057706/000114036121034479/brhc10029805_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-21-034479
- JSON: https://secwatch.observer/filing/0001140361-21-034479.json
- Plain text: https://secwatch.observer/filing/0001140361-21-034479.txt

## Key facts
- Executive change
  Calixto García-Vélez resigned as Executive Vice President and Florida Region Executive at FIRST BANCORP /PR/.
  - Action: resigned
  - Role: Executive Vice President and Florida Region Executive
  source text: On October 8, 2021, Mr. Calixto García-Vélez notified First BanCorp (the “Corporation”), the bank holding company of FirstBank Puerto Rico (the “Bank”), of his intention to resign as the Bank’s Executive Vice President and Florida Region Executive. The effective date of Mr. García-Vélez resignation was October 12, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057706/000114036121034479/0001140361-21-034479-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.