Bank failure · PR

Banco Nacional, National Association (San Juan, PR) — failed January 24, 1992

Banco Nacional, National Association of San Juan, Puerto Rico was closed on January 24, 1992 and resolved through a purchase and assumption. Eurobank&trust Co (PR) took over its insured deposits. At failure it held $52.1M in assets and $48.9M in deposits. The FDIC's estimated loss on the failure is $8.0M (15.4% of assets).