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First BanCorp
Trends
- 1First BanCorp's Dividend Growth Tied to Puerto Rico's Economy▼First BanCorp’s Rising Dividend Hinges Entirely on Puerto Rico’s Economy
First BanCorp, the Puerto Rico-based financial holding company, has been raising its dividend, but analysts note its continued growth depends heavily on the island's economic recovery. Observers point out that the bank's fortunes are closely linked to Puerto Rico's population trends, fiscal situation and post-bankruptcy restructuring efforts, leaving shareholders exposed to the territory's broader economic performance.
- 2Bank of Ann Arbor to acquire Huron Valley Bancorp for $52 million●The $3.5 billion-asset Bank of Ann Arbor is acquiring Huron Valley Bancorp. The $52 million, all-cash deal is the bank's
Bank of Ann Arbor, a $3.5 billion-asset Michigan lender, is acquiring Huron Valley Bancorp in a $52 million all-cash deal. It marks the bank's first whole-bank acquisition in five years and its third purchase in suburban Oakland County since 2017, the state's fastest-growing jurisdiction, as community banks continue consolidating.