Bank failure · PR
R-G Premier Bank of Puerto Rico (Hato Rey, PR) — failed April 30, 2010
R-G Premier Bank of Puerto Rico of Hato Rey, Puerto Rico was closed on April 30, 2010 and resolved through a purchase and assumption. Scotiabank De Puerto Rico (PR) took over its insured deposits. At failure it held $5.7B in assets and $4.2B in deposits. The FDIC's estimated loss on the failure is $978.1M (17.2% of assets).
- Closing date
- April 30, 2010
- FDIC certificate #
- 32185
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Scotiabank De Puerto Rico
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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