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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13
or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): March 20, 1996
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First Financial Caribbean Corporation
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(Exact name of registrant as specified in this charter)
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Puerto Rico 0-17224 66-0312162
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(State or other jurisdiction (Commission File No.) (IRS Employer Identification No.)
of incorporation)
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1159 Franklin D. Roosevelt Avenue, San Juan, Puerto Rico 00920
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (809) 749-7100
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ITEM 5. OTHER EVENTS
On March 20, 1996, First Financial Caribbean Corporation (the "Company")
announced that it was redeeming all outstanding shares of its 10 1/2% Cumulative
Convertible Preferred Stock, Series A (the "Series A Preferred Stock") on May
10, 1996, at a redemption price of $10.90 per share, plus accrued and unpaid
dividends from April 1, 1996 through May 10, 1996. The Company also announced
that it would pay the regular quarterly dividend on the Series A Preferred Stock
on April 1, 1996, to holders of record on March 14, 1996, as previously
announced.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA, FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
99 Press Release dated March 20, 1996.
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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 thereunto duly authorized.
FIRST FINANCIAL CARIBBEAN CORPORATION
By: /s/ Ricardo Melendez
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Ricardo Melendez
Vice President and Controller
Date: March 25, 1996
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EXHIBIT INDEX
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EXHIBIT NUMBER DESCRIPTION PAGE
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99 Press Release dated March 20, 1996
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Exhibit 99
[LOGO] FIRST FINANCIAL CARIBBEAN CORPORATION
March 20, 1996
Contact: Richard F. Bonini
Senior Executive Vice President
Tel. (809) 749-7108
(212) 561-8711
FIRST FINANCIAL CARIBBEAN CORPORATION
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ANNOUNCES REDEMPTION OF SERIES A PREFERRED STOCK
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San Juan, Puerto Rico March 20, 1996 - First Financial Caribbean
Corporation (NASDAQ: FRCC) announced today that it will redeem all shares of
its 10 1/2% Cumulative Convertible Preferred Stock, Series A, on May 10, 1996,
at a redemption price of $10.90 per share, plus accrued and unpaid dividends
from April 1, 1996 through May 10, 1996. First Financial will pay the regular
quarterly dividend on the Series A Preferred Stock on April 1, 1996 to holders
of record on March 14, 1996, as previously announced.
1159 F.D. ROOSEVELT AVE. SAN JUAN, PUERTO RICO 00920 (809) 781-3300
(809) 756-1790 FAX: (809) 756-1780
