Not to be confused with North Carolina's First Bancorp, this First BanCorp is the holding company for FirstBank Puerto Rico, which provides business and retail banking services through more than 50 branches in Puerto Rico and about two dozen more in Florida and the Virgin Islands. Puerto Rico's second-largest bank gets more than one-third of its business from its Commercial and Corporate Banking loans and services. Residential mortgages make up nearly one-third of FirstBank's $9 billion loan portfolio, while commercial mortgages make up another one-fifth. First BanCorp also owns FirstBank Insurance Agency, Firstbank Puerto Rico Securities, and the consumer loan company Money Express La Financiera.