EUROBANK Failed 2010

SAN JUAN, PR · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

EUROBANK of SAN JUAN, PR was closed on 2010-04-30. The FDIC was named receiver.

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

Deposits were transferred to ORIENTAL BANK AND TRUST (SAN JUAN, PR). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3793
FDIC Certificate
27150
FDIC FIN
10229
Bank name
EUROBANK
Location
SAN JUAN, PR
Failure date
2010-04-30
FDIC resolution date
2010-04-30
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$539M
Deposits at failure
$1,861M
Assets at failure
$2,453M
Acquiring bank
ORIENTAL BANK AND TRUST (SAN JUAN, PR)