STOCK PURCHASE AGREEMENT dated as of October 21, 2019 by and between FIRSTBANK PUERTO RICO, SANTANDER HOLDINGS USA, INC. and, solely for purposes of Article IV, Section 5.03 and Article X, FIRST BANCORP.Stock Purchase Agreement • October 22nd, 2019 • First Bancorp /Pr/ • State commercial banks • New York
STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of October 21, 2019 (the “Effective Date”), by and between FirstBank Puerto Rico, a bank organized under the laws of the Commonwealth of Puerto Rico (“Buyer”); Santander Holdings USA, Inc., a Virginia corporation (“Seller”); and, solely for purposes of Article IV, Section 5.03 and Article X, First BanCorp., a corporation organized under the laws of the Commonwealth of Puerto Rico (“Buyer Parent”).
