First BanCorp (the Corporation) is a publicly-owned financial holding company. The Corporation is a bank holding company for FirstBank Puerto Rico and is a full service provider of financial services and products with operations in Puerto Rico, the United States and the US and British Virgin Islands. It provides a range of financial services for retail, commercial and institutional clients. As of December 31, 2008, it controlled four wholly owned subsidiaries: FirstBank, FirstBank Insurance Agency, Inc., Grupo Empresas de Servicios Financieros and Ponce General Corporation. The Corporation has four reportable segments: Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; and Treasury and Investments. On January 28, 2008, FirstBank acquired Virgin Islands Community Bank.