First BanCorp reorganizes; two EVPs retiring, new Chief Consumer Officer named

FIRST BANCORP /PR/

Cassan Pancham (EVP, Business Group Executive) retires May 15, 2025; oversees Mortgage, Insurance, Eastern Caribbean.
Carlos Power (EVP, Business Group Executive) retires May 2, 2025; oversees Unsecured Consumer Lending, Auto, Leasing.
Nayda Rivera promoted to EVP & Chief Consumer Officer effective April 1, 2025; also named Corporate Chief of Staff.
Sara Alvarez adds Regulatory Compliance and BSA oversight; Juan Carlos Pavia adds Portfolio Risk Management.
Myrna Rivera appointed SVP Division Director and Chief Risk Officer, reporting to CFO and Risk Committee.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Cassan Pancham

Executive Vice President and Business Group Executive

FBP · FIRST BANCORP /PR/

Effective: 2025-05-15
Filed: January 31, 2025, 6:59 PM ET

Cassan Pancham, Executive Vice President and Business Group Executive, will retire from his position at the Corporation effective May 15, 2025.

Role change

Nayda Rivera

Chief Consumer Officer and Corporate Chief of Staff

FBP · FIRST BANCORP /PR/

Effective: 2025-04-01
Filed: January 31, 2025, 6:59 PM ET

Nayda Rivera, Executive Vice President and Chief Risk Officer, will be promoted to Chief Consumer Officer and Corporate Chief of Staff effective April 1, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Cassan Pancham departed as Executive Vice President and Business Group Executive at FIRST BANCORP /PR/.

Action: retire
Role: Executive Vice President and Business Group Executive

Exact text from the filing

Cassan Pancham, Executive Vice President and Business Group Executive, will retire from his position at the Corporation effective May 15, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nayda Rivera changed role as Chief Consumer Officer and Corporate Chief of Staff at FIRST BANCORP /PR/.

Action: promoted
Role: Chief Consumer Officer and Corporate Chief of Staff

Exact text from the filing

Nayda Rivera, Executive Vice President and Chief Risk Officer, will be promoted to Chief Consumer Officer and Corporate Chief of Staff effective April 1, 2025.

View on SEC.gov

FIRST BANCORP /PR/ filing history →

Source: SEC EDGAR

accession 0001140361-25-002536

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