FIRST BANCORP /PR/
8-K, 2000-09-25
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                       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): September 25, 2000
                               -------------------


                                 First BanCorp.
            --------------------------------------------------------
             (Exact name of registrant as specified in this charter)



         Puerto Rico                    001-14793              66-0561882
-------------------------------     ---------------------     -------------

(State or other jurisdiction of     (Commission File No.)     (IRS Employer
incorporation)                                            Identification No.)



1519 Ponce De Leon Avenue, San Juan, Puerto Rico        00908-0146
      -------------------------------------------------------------------
(Address of principal executive offices)                (Zip Code)


       Registrant's telephone number, including area code: (787) 729-8200
     ---------------------------------------------------------------------



<PAGE>


ITEM 5.  OTHER EVENTS

         As described in First BanCorp.'s  Quarterly Report on Form 10-Q for the
quarter  ended March 31,  2000,  First  BanCorp  announced on April 26, 2000 the
signing  of  definitive   merger  agreement  by  and  between  its  wholly-owned
subsidiary,  FirstBank  Puerto Rico  ("FirstBank"),  and First  Virgin  Islands,
Federal Savings Bank, a savings bank headquartered in St. Thomas,  United States
Virgin  Islands  ("FVI").  On September 25, 2000,  after  obtaining all required
shareholder and regulatory approvals,  the merger of FVI with and into FirstBank
was completed by the parties.



<PAGE>


                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  had duly  caused  this report to be signed on its behalf of the
undersigned hereunto duly authorized.


                                                     FIRST BANCORP.



                                               By: /s/ Laura Vllarino Tur
                                                       Senior Vice President
                                                       and Controller


Date: September 25, 2000




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