1057706--7/9/2007--FIRST_BANCORP

related topics

{loan, real, estate}

{condition, economic, financial}

{capital, credit, financial}

{financial, litigation, operation}

{interest, director, officer}

{control, financial, internal}

There is a lack of public disclosure concerning the Corporation The Corporation s delay in filing all required financial statements may adversely affect its ability to attract customers, investors and employees Risks Relating to the Corporation s Business Fluctuations in interest rates may impact the Corporation s results of operations The Corporation is subject to default risk on loans, which may adversely affect its results The Corporation s business concentration in Puerto Rico imposes risks First BanCorp is subject to risks associated with the Commonwealth of Puerto Rico s temporary budget crisis Rating downgrades on the Government of Puerto Rico s debt obligations may affect the Corporation s credit exposure First Bancorp s credit quality may be adversely affected by Puerto Rico s current economic condition A prolonged economic slowdown or a decline in the real estate market in the U.S mainland could harm the results of operations of FirstMortgage

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1057706--7/9/2007--FIRST_BANCORP_/PR/