GIROD TRUST COMPANY Failed 1984
What happened
GIROD TRUST COMPANY of SAN JUAN, PR was closed on 1984-08-16. 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
- 906
- FDIC Certificate
- 23765
- FDIC FIN
- 2407
- Bank name
- GIROD TRUST COMPANY
- Location
- SAN JUAN, PR
- Failure date
- 1984-08-16
- FDIC resolution date
- 1984-08-16
- 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.)
- $86M
- Deposits at failure
- $290M
- Assets at failure
- $406M
- Acquiring bank
- CITIBANK N A (NEW YORK CITY, NY)
Other banks CITIBANK N A acquired in FDIC resolutions