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PUERTO RICAN BANK BUYS CITIBANK.

First Bank Puerto Rico is to buy Citibank operations in

the U.S. Virgin Islands, reports CANA (October 30, 1999). First Bank Executive Vice-President Fernando Batlle said that Citibank will, however, retain a small presence in the Virgin Islands, in the form of a corporate banking unit. First Bank has branches in St. Thomas and St. Croix. It has a total of 53 branches in Puerto Rico and the USVI, with assets totaling US$4.4 billion. Meanwhile, Virgin Islands Community Bank (VICB) has announced its intention to purchase Chase Manhattan branches in the U.S. and British Virgin Islands as well as Barbados.

In addition, make sure to read these articles:

  • FirstBank Puerto Rico to Acquire Chase's...
    • Business Editors ST. THOMAS, VI--(BUSINESS WIRE)--February 28, 2002 First BanCorp (NYSE: FBP) and J.P. Morgan Chase & Co. (NYSE: JPM) today announced that their subsidiaries, ......
  • Novatel Wireless' Merlin C201 Certified...
    • Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--June 11, 2002 Merlin C201 to Enhance Advanced Wireless Data Connectivity for Largest Carrier Headquartered in Caribbean Novatel Wireless, Inc....
  • Lockhart Announces Sale Of 3.6 Acre St.
    • ST. THOMAS, U.S.V.I.--(BUSINESS WIRE)--April 7, 1998-- Lockhart Caribbean Corp. ("Lockhart") Tuesday announced the purchase by Fortress Self Storage Inc. of the property it formerly leased ......
  • BVI FISHING BAN CAUSES PROBLEMS.
    • U.S. Virgin Islands fishermen are angry over a British Virgin Islands announcement that all foreign fishing licenses have been suspended in the BVI waters, reports ......
  • Tourism stop-over arrivals, 2007.
    • Tourism Stop-Over Arrivals, 2007 % change Destination Period Arrivals vs. 2006 Anguilla Jan-May 39,617 +12.2 Antigua & Barbuda Jan-Aug 180,266 -0.2 Aruba Jan-May 306,669 ......
  • CommoLoCo, Inc. to Move From Downtown St. Thomas...
    • ST. THOMAS, U.S. Virgin Islands--(BUSINESS WIRE)--May 4, 1998-- Lockhart Caribbean Corporation ("LCC") today announced that its subsidiary, H.E. Lockhart Management, Inc. ("HELM") has leased space ......
  • Tourism stop over arrivals, 2007.
    • Tourism Stop-Over Arrivals, 2007 % change Destination Period Arrivals vs. 2006 Anguilla Jan-Aug 59,499 +10.6 Antigua & Barbuda Jan-Oct 212,792 +1.2 Aruba Jan-Jul 435,831 +6.9 ......
  • Tax system changed.
    • The British Virgin Islands has decided to abolish corporate and personal income taxes and replace them with a payroll tax, the government announced, reports AP ......
  • numbers
    • n an era when the Internet, e-commerce, B2B alliances, mobile devices and high-tech supply chain logistics are more a part of industry growth than ever, ......
  • Tourism stop-over arrivals, 2007.
    • Tourism Stop-Over Arrivals, 2007 %change Destination Period Arrivals vs. 2006 Anguilla Jan-Aug 59,499 +10.6 Antigua & Barbuda Jan-Nov 234,759 +2.2 Aruba Jan-Jul 435,831 +6.9 Bahamas ......
  • ALDEROX KR-7 Testing Successful in Puerto Rico and...
    • Business Editors LAKE FOREST, Calif.--(BUSINESS WIRE)--Jan. 30, 2004 RCAI (OTCBB:RCAA) was informed by Cooperative Holding Corporation (CHC), the Company's exclusive distributor for Puerto Rico and ......
  • Lockhart Caribbean Expands Its Financial Services...
    • ST. THOMAS, U.S.V.I.--(BUSINESS WIRE)--Aug. 5, 1998--John P. de Jongh, Jr., President and Chief Operating Officer of Lockhart Caribbean Corporation ("Lockhart Caribbean"), announced today that Lockhart ......
  • Data base.
    • U.S. Trade with the Caribbean Basin. June 2006, 2007 (millions of US$) U.S. exports U.S. imports (F.A.S.) (c.i.f.) 2006 2007 2006 2007 Anguilla 17.7 ......
  • Virgin Islands Starts PR Review
    • The U.S. Virgin Islands is conducting a review for its public relations account, sources said.
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