# CAGAUS-CENTRAL FEDERAL SAVINGS

> **Failed bank** · CAGUAS, PR · failed 1990-05-25 · Savings bank · FDIC cost $231M

## What happened

CAGAUS-CENTRAL FEDERAL SAVINGS of CAGUAS, PR was closed by state regulators 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
- **Estimated FDIC DIF cost:** $231M
- **Deposits at failure:** $1,256M
- **Assets at failure:** $1,639M
- **Acquiring bank:** BANCO SANTANDER PR (HATO REY, PR)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CAGAUS-CENTRAL%20FEDERAL%20SAVINGS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CAGAUS-CENTRAL FEDERAL SAVINGS (FDIC ID 2779), failed 1990-05-25. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2779.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*