Bank failure · PR

Banco Regional (Bayamon, PR) — failed June 12, 1982

Banco Regional of Bayamon, Puerto Rico was closed on June 12, 1982 and resolved through a purchase and assumption. Citibank N a (NY) took over its insured deposits. At failure it held $21.4M in assets and $17.9M in deposits. The FDIC's estimated loss on the failure is $320K (1.5% of assets).