BANCO REGIONAL Failed 1982
What happened
BANCO REGIONAL of BAYAMON, PR was closed on 1982-06-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITIBANK N A (NEW YORK CITY, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 671
- FDIC Certificate
- 22321
- FDIC FIN
- 2311
- Bank name
- BANCO REGIONAL
- Location
- BAYAMON, PR
- Failure date
- 1982-06-12
- FDIC resolution date
- 1982-06-12
- 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.)
- $0M
- Deposits at failure
- $18M
- Assets at failure
- $21M
- Acquiring bank
- CITIBANK N A (NEW YORK CITY, NY)
Other banks CITIBANK N A acquired in FDIC resolutions