Bank failure · PR
Banco De Ahorro, F.S.B. (Mayaguez, PR) — failed May 30, 1986
Banco De Ahorro, F.S.B. of Mayaguez, Puerto Rico was closed on May 30, 1986 and resolved through a purchase and assumption. Banco Popular De Puerto (PR) took over its insured deposits. At failure it held $34.0M in assets and $30.0M in deposits. The FDIC's estimated loss on the failure is $7.0M (20.6% of assets).
- Closing date
- May 30, 1986
- FDIC certificate #
- 22456
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Banco Popular De Puerto
- Insurance fund
- FDIC
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