R-G PREMIER BANK OF PUERTO RICO Failed 2010

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

What happened

R-G PREMIER BANK OF PUERTO RICO of HATO REY, 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 SCOTIABANK DE PUERTO RICO (SAN JUAN, PR). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3796
FDIC Certificate
32185
FDIC FIN
10230
Bank name
R-G PREMIER BANK OF PUERTO RICO
Location
HATO REY, 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.)
$979M
Deposits at failure
$4,220M
Assets at failure
$5,681M
Acquiring bank
SCOTIABANK DE PUERTO RICO (SAN JUAN, PR)