Bank failure · PR
Doral Bank (San Juan, PR) — failed February 27, 2015
Doral Bank of San Juan, Puerto Rico was closed on February 27, 2015 and resolved through a purchase and assumption. Banco Popular De Puerto Rico (PR) took over its insured deposits. At failure it held $5.9B in assets and $4.1B in deposits. The FDIC's estimated loss on the failure is $689.4M (11.7% of assets).
- Closing date
- February 27, 2015
- FDIC certificate #
- 32102
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Banco Popular de Puerto Rico
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials