Bank failure · PR

Girod Trust Company (San Juan, PR) — failed August 16, 1984

Girod Trust Company of San Juan, Puerto Rico was closed on August 16, 1984 and resolved through a purchase and assumption. Citibank N a (NY) took over its insured deposits. At failure it held $405.7M in assets and $289.7M in deposits. The FDIC's estimated loss on the failure is $86.3M (21.3% of assets).