Failure Friday: Regulators have shut down three banks in Puerto Rico, bringing the number of U.S. bank failures this year to 60
Associated Press
Regulators have shut down three banks in Puerto Rico, bringing the number of U.S. bank failures this year to 60.
The Federal Deposit Insurance Corp. on Friday took over the banks: Westernbank Puerto Rico, based in Mayaguez, with about $11.9 billion in assets; R-G Premier Bank of Puerto Rico, based in Hato Rey, with around $5.9 billion in assets; and San Juan-based Eurobank, with $2.5 billion in assets.
Banco Popular de Puerto Rico agreed to acquire the deposits and about $9.4 billion of Westernbank's assets. The FDIC will keep the remainder for eventual sale. Scotiabank de Puerto Rico agreed to buy all the assets and deposits of R-G Premier Bank. And Oriental Bank and Trust is acquiring all the assets and deposits of Eurobank.
Regulators have shut down three banks in Puerto Rico, bringing the number of U.S. bank failures this year to 60.
The Federal Deposit Insurance Corp. on Friday took over the banks: Westernbank Puerto Rico, based in Mayaguez, with about $11.9 billion in assets; R-G Premier Bank of Puerto Rico, based in Hato Rey, with around $5.9 billion in assets; and San Juan-based Eurobank, with $2.5 billion in assets.
Banco Popular de Puerto Rico agreed to acquire the deposits and about $9.4 billion of Westernbank's assets. The FDIC will keep the remainder for eventual sale. Scotiabank de Puerto Rico agreed to buy all the assets and deposits of R-G Premier Bank. And Oriental Bank and Trust is acquiring all the assets and deposits of Eurobank.
Comment
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
TRUMP ADVOCATING FOR PEACE, CABINET PICKS ADVOCATE WAR
"Both gentlemen look rather down and perplexed but could there be a meaning behind trumps capricious…"
Distorted - Official Trailer - 2018 Thriller Movie HD
Subscribe to Voltage Pictures for all our latest releases: http://bit.ly/1kjjbOyDistortedLauren Curran and her husband Russell move into The Pinnacle, a slee...
"And it's about time we had some honest and balanced action. Here's what AI images dreamed…"
main-qimg-6a080d2afce4004157ca1346e8c686c8
Two sodomites frolicking under the sheets as the nation burns!
Neil Oliver STUNNED as Dutch Official Reveals Covid-19 Was 'MILITARY Operation' in SHOCK Admission
Neil Oliver reacts after a top Dutch government official has admitted 'Covid' was a military operation.#gbnews #uknews #covid #coronavirus #covid19 Keep up t...
© 2024 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network