Written agreement with First Bancorp

The following press release was published by the Board of Governors of the Federal Reserve System on June 8, 2010. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between First Bancorp, San Juan, Puerto Rico, a registered bank holding company, and the Federal Reserve Bank of New York.

A copy of the Written Agreement is attached.

Source: Board of Governors of the Federal Reserve System