# UNION TRUST COMPANY

> **Failed bank** · SAN JUAN, PR · failed 1983-12-09 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $9M

## What happened

UNION TRUST COMPANY of SAN JUAN, PR was closed by regulators on **1983-12-09**. The FDIC was named receiver.

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

Deposits were transferred to **BANCO POPULAR DE PUERTO** (SAN JUAN, PR). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 838
- **FDIC Certificate:** 23674
- **FDIC FIN:** 2366
- **Bank name:** UNION TRUST COMPANY
- **Location:** SAN JUAN, PR
- **Failure date:** 1983-12-09
- **FDIC resolution date:** 1983-12-09
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $9M
- **Deposits at failure:** $26M
- **Assets at failure:** $31M
- **Acquiring bank:** BANCO POPULAR DE PUERTO (SAN JUAN, PR)

## Other banks BANCO POPULAR DE PUERTO has acquired in FDIC resolutions

- BANCO DE AHORRO, F.S.B. (MAYAGUEZ, PR) — failed 1986-05-30 — /failed-bank/1204
- WASHINGTON NAT BK OF CHICAGO (CHICAGO, IL) — failed 1984-05-18 — /failed-bank/882

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=UNION%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, UNION TRUST COMPANY (FDIC ID 838), failed 1983-12-09. Retrieved via AI Analytics 2026-07-14 from https://api.ai-analytics.org/failed-bank/838.

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