Bank failure · PR
Cagaus-Central Federal Savings (Caguas, PR) — failed May 25, 1990
Cagaus-Central Federal Savings of Caguas, Puerto Rico was closed on May 25, 1990 and resolved through a purchase and assumption. Banco Santander Pr (PR) took over its insured deposits. At failure it held $1.6B in assets and $1.3B in deposits. The FDIC's estimated loss on the failure is $231.3M (14.1% of assets).
- Closing date
- May 25, 1990
- FDIC certificate #
- 31078
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Banco Santander Pr
- Insurance fund
- RTC
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