secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCORP /PR/ (FBP)
CIK:        0001057706
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0001140361-25-002536
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057706/000114036125002536/0001140361-25-002536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1057706/000114036125002536/ef20042639_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-002536

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer