UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | October 3, 2011 |
First BanCorp.
__________________________________________
(Exact name of registrant as specified in its charter)
Puerto Rico | 001-14793 | 66-0561882 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
1519 Ponce de Leon Ave., PO Box 9146, San Juan, Puerto Rico | 00908-0146 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 787-729-8041 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On October 3, 2011, First BanCorp (the "Corporation") entered into a letter agreement relating to its Securities Purchase Agreement with the United States Department of the Treasury (the "Treasury") dated as of January 16, 2009. Pursuant to this letter agreement, the Corporation agreed to pay selling expenses, including discounts and selling commissions applicable to the sale of the Corporation’s securities, and the Treasury agreed to modify the time and delivery requirements for a notice of early conversion. A copy of this agreement is attached hereto as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit - Description of Exhibit
10.1 - Letter Agreement with the U.S. Department of the Treasury dated as of October 3, 2011
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
First BanCorp. | ||||
October 7, 2011 | By: |
/s/ Lawrence Odell
|
||
|
||||
Name: Lawrence Odell | ||||
Title: EVP, General Counsel |
Exhibit Index
Exhibit No. | Description | |
|
|
|
10.1
|
Letter Agreement with the U.S. Department of the Treasury dated as of October 3, 2011 |