FirstBank Puerto Rico partners with FIS

  FirstBank Puerto Rico partners with FIS

 This alliance will position the bank at the forefront in banking technology

Business Wire

SAN JUAN, Puerto Rico -- March 20, 2013

Today FirstBank Puerto Rico, the second largest commercial chartered financial
institution in the island, announced it has formalized a strategic alliance
with FIS™ (NYSE: FIS), the world’s largest global provider dedicated to
banking and payment technologies.

The seven year agreement, will give FirstBank the enhanced ability to achieve
technological leadership by providing state of the art product and services to
its clients across the territories. Through this alliance, FirstBank will have
the capabilities to proactively take action on constant regulatory changes and
data security requirements, integrate its systems platform, launch new
initiatives and complete projects more rapidly, as well as have access to new
products and services.

Aurelio Alemán, president and CEO of FirstBank Puerto Rico, expressed his
satisfaction with this partnership stating that “this agreement will help us
accelerate the execution of our strategic objectives and will better prepare
our organization for future growth. It will certainly position us at the
forefront in banking technology services, resulting in additional benefits to
our customers, thus, strengthening our reputation as a leader in customer
service in the local financial industry.”

Under this agreement, effective April 1, 2013, FIS will manage FirstBank’s
Data Center and will be in charge of all technology related matters. The Bank
will, in turn, maintain control over priorities and business opportunities,
and will also retain the Project Management functions.

FIS, the world’s leading financial services technology company, serves more
than 14,000 institutions in over 110 countries and employs more than 35,000
people. Its global expertise in software and technology management, including
third party platforms, will provide FirstBank access to best practices in the
technology industry.

“We are delighted to be working with FirstBank Puerto Rico,” said Marcelo
Annarumma, Managing Director, FIS Latin America & Caribbean. “The agreement
will allow us to bring our global expertise in outsourcing for Financial
Institutions to bear for the benefit of FirstBank and its customers. The deal
also gives FirstBank access to FIS’ leading portfolio of banking and payment
applications as they launch new products and services and drive their business
forward into new markets.”

About First BanCorp

First BanCorp. is the parent corporation of FirstBank, a state-chartered
commercial bank with operations in Puerto Rico, the Virgin Islands and
Florida, and of FirstBank Insurance Agency. First BanCorp. and FirstBank
operate within U.S. banking laws and regulations. The Corporation operates a
total of 154 branches, stand-alone offices, and in-branch service centers
throughout Puerto Rico, the U.S. and British Virgin Islands, and Florida.
Among the subsidiaries of FirstBank are First Federal Finance Corp., a small
loan company; FirstBank Puerto Rico Securities Corp., a broker-dealer
subsidiary; First Management of Puerto Rico; and FirstMortgage, Inc., a
mortgage origination company. In the U.S. Virgin Islands, FirstBank operates
First Express, a small loan company. First BanCorp’s Common Stock trades on
the New York Stock Exchange under the symbol “FBP.”

About FIS

FIS (NYSE: FIS) is the world’s largest global provider dedicated to banking
and payments technologies. With a long history deeply rooted in the financial
services sector, FIS serves more than 14,000 institutions in over 110
countries. Headquartered in Jacksonville, Fla., FIS employs more than 35,000
people worldwide and holds leadership positions in payment processing and
banking solutions, providing software, services and outsourcing of the
technology that drives financial institutions. First in financial technology,
FIS tops the annual FinTech 100 list, is 425 on the Fortune 500 and is a
member of Standard & Poor’s 500® Index. For more information about FIS, visit


Contact for FirstBank:
Iris González, 787-729-8130
VP Public Relations
Contact for FIS:
Kim Snider, 904-438-6278
VP Global Marketing and Communications
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