The leadership transition is scheduled for July 1, immediately following Berges’ retirement on June 30. Berges has been a central figure at the bank for nearly two decades, overseeing the financial strategy of the holding company across its regional footprint.

Internal Promotion and Continuity

Ortiz joined the organization in 2013 and currently serves as the Chief Accounting Officer. According to the corporation, he brings more than 19 years of experience in financial management and auditing, having previously held leadership positions at global professional accounting firms. His promotion signals a strategy of internal continuity as the bank manages its diverse portfolio.

First BanCorp remains a dominant player in the regional financial sector, operating FirstBank Puerto Rico—a state-chartered commercial bank—and FirstBank Insurance Agency. The company maintains a significant presence in Puerto Rico, the U.S. Virgin Islands, and the British Virgin Islands.