BANCO DE AHORRO, F.S.B. Failed 1986
What happened
BANCO DE AHORRO, F.S.B. of MAYAGUEZ, PR was closed on 1986-05-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANCO POPULAR DE PUERTO (SAN JUAN, PR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1204
- FDIC Certificate
- 22456
- FDIC FIN
- 2564
- Bank name
- BANCO DE AHORRO, F.S.B.
- Location
- MAYAGUEZ, PR
- Failure date
- 1986-05-30
- FDIC resolution date
- 1986-05-30
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $30M
- Assets at failure
- $34M
- Acquiring bank
- BANCO POPULAR DE PUERTO (SAN JUAN, PR)
Other banks BANCO POPULAR DE PUERTO acquired in FDIC resolutions