SUBSEQUENT EVENTS	9 Months Ended
Sep. 30, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 31 – SUBSEQUENT EVENTS During the third quarter of 2020, the Corporation offered a Voluntary Separation Program (“VSP”) to eligible employees in the Puerto Rico region as part of its integration process related to the BSPR acquisition. To allow for a transition period. the effective separation dates for eligible employees who accept the offer will be between the end of November 2020 and the end of April 2021. Since employees’ elections become irrevocable in the fourth quarter of 2020, the Corporation did not record any charge for this program in the third quarter of 2020. The Corporation currently estimates that total costs associated with the VSP will be in a range of $5.2 million to $8.0 million. The Corporation anticipates that approximately $1.8 million to $2.7 million of these costs will be recorded in the fourth quarter of 2020 based on the effective dates and the remainder will be amortized through the applicable dates in 2021. In addition, following the BSPR acquisition, the Corporations intends to consolidate 8 to 10 banking branches. The branch consolidations are expected to be completed in the first half of 2021. Management has reviewed all other the events occurring through the date of this report and other than the discussion of the COVID-19 pandemic included in Note 1 – Basis of Presentation and Significant Accounting Policies, above, there were no additional subsequent events that require additional disclosure or adjustment to amounts reported in the Corporation’s consolidated financial statements as of and for the quarter and nine-month period ended September 30, 2020.

SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2020

NOTE 31 – SUBSEQUENT EVENTS

During the third quarter of 2020, the Corporation offered a Voluntary Separation Program (“VSP”) to eligible employees in the Puerto Rico region as part of its integration process related to the BSPR acquisition. To allow for a transition period. the effective separation dates for eligible employees who accept the offer will be between the end of November 2020 and the end of April 2021. Since employees’ elections become irrevocable in the fourth quarter of 2020, the Corporation did not record any charge for this program in the third quarter of 2020. The Corporation currently estimates that total costs associated with the VSP will be in a range of $5.2 million to $8.0 million. The Corporation anticipates that approximately $1.8 million to $2.7 million of these costs will be recorded in the fourth quarter of 2020 based on the effective dates and the remainder will be amortized through the applicable dates in 2021.

In addition, following the BSPR acquisition, the Corporations intends to consolidate 8 to 10 banking branches. The branch consolidations are expected to be completed in the first half of 2021.

Management has reviewed all other the events occurring through the date of this report and other than the discussion of the COVID-19 pandemic included in Note 1 – Basis of Presentation and Significant Accounting Policies, above, there were no additional subsequent events that require additional disclosure or adjustment to amounts reported in the Corporation’s consolidated financial statements as of and for the quarter and nine-month period ended September 30, 2020.