Bank Failure
Doral Bank
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Closed February 27, 2015 · San Juan, PR · FDIC Cert #32102.
- Closing date
- February 27, 2015
- Headquarters
- San Juan, PR
- FDIC Certificate
- 32102
- Total assets at closing
- $5.90B
- Total deposits at closing
- $4.10B
- Estimated loss to the insurance fund
- $689.4M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Banco Popular de Puerto Rico
Context
On February 27, 2015, regulators closed Doral Bank, headquartered in San Juan, PR. At closing, the institution held approximately $5.90B in assets and $4.10B in deposits. The FDIC record names Banco Popular de Puerto Rico as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $689.4M.
By assets at closing this is the 33rd largest of the 3,526 bank failures in the FDIC record, and the 1st of 8 in 2015. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Doral Bank fail?
Doral Bank was closed by regulators on February 27, 2015.
Who acquired Doral Bank?
The FDIC record names Banco Popular de Puerto Rico as the acquiring institution in the resolution of Doral Bank.
How big was Doral Bank when it failed?
Doral Bank had approximately $5.90B in total assets and $4.10B in deposits at the time of failure.
Other failures in 2015
| Date | Bank | Assets |
|---|---|---|
| Oct 2, 2015 | The Bank of Georgia | $286.1M |
| Oct 2, 2015 | Hometown National Bank | $3.8M |
| Jul 10, 2015 | Premier Bank | $26.8M |
| May 8, 2015 | Edgebrook Bank | $90.0M |
| Feb 13, 2015 | Capitol City Bank & Trust Company | $272.3M |
| Jan 23, 2015 | Highland Community Bank | $54.7M |
| Jan 16, 2015 | First National Bank of Crestview | $73.8M |
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