First Bancorp CFO Orlando Berges Retires

By Chris Stiles • Monday, February 09 12:23 • Permanent Link

First Bancorp (NYSE: FBP) has announced the retirement of Orlando Berges, the executive vice president and chief financial officer, effective June 30, 2026, after nearly 17 years of service. During his tenure, Berges played a central leadership role in the corporation’s transformation and long-term strengthening. Under his leadership, the finance organization saw significant developments, including the recapitalization of the institution, executing major acquisitions and integrations, enhancing capital planning and balance sheet strength, and contributing to the profitability and stable capital position that characterize FirstBank today.

Said Ortiz, currently the senior vice president and chief accounting officer, has been appointed as the new executive vice president and chief financial officer, effective July 1, 2026. Ortiz brings more than 19 years of experience in accounting, auditing, and financial management, including leadership roles at global professional public accounting firms. He has played a significant role in strengthening the corporation’s financial reporting, controls, and accounting functions.

First Bancorp’s shares of common stock trade on the New York Stock Exchange under the symbol “FBP.” The market has reacted to these announcements by moving the company's shares -0.84% to a price of $21.26. Check out the company's full 8-K submission here.

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