BANCO NACIONAL, NATIONAL ASSOCIATION Failed 1992

SAN JUAN, PR · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

BANCO NACIONAL, NATIONAL ASSOCIATION of SAN JUAN, PR was closed on 1992-01-24. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to EUROBANK&TRUST CO (SAN JUAN, PR). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3261
FDIC Certificate
26468
FDIC FIN
4441
Bank name
BANCO NACIONAL, NATIONAL ASSOCIATION
Location
SAN JUAN, PR
Failure date
1992-01-24
FDIC resolution date
1992-01-24
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$8M
Deposits at failure
$49M
Assets at failure
$52M
Acquiring bank
EUROBANK&TRUST CO (SAN JUAN, PR)