CAGAUS-CENTRAL FEDERAL SAVINGS Failed 1990
What happened
CAGAUS-CENTRAL FEDERAL SAVINGS of CAGUAS, PR was closed on 1990-05-25. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANCO SANTANDER PR (HATO REY, PR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2779
- FDIC Certificate
- 31078
- FDIC FIN
- 7151
- Bank name
- CAGAUS-CENTRAL FEDERAL SAVINGS
- Location
- CAGUAS, PR
- Failure date
- 1990-05-25
- FDIC resolution date
- 1990-08-31
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $231M
- Deposits at failure
- $1,256M
- Assets at failure
- $1,639M
- Acquiring bank
- BANCO SANTANDER PR (HATO REY, PR)