Bank Failure
Eurobank
BankRegReports is independent of Eurobank and never asks for online banking logins or passwords.
Closed April 30, 2010 · San Juan, PR · FDIC Cert #27150.
- Closing date
- April 30, 2010
- Headquarters
- San Juan, PR
- FDIC Certificate
- 27150
- Total assets at closing
- $2.45B
- Total deposits at closing
- $1.86B
- Estimated loss to the insurance fund
- $539.1M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Oriental Bank and Trust
Context
On April 30, 2010, regulators closed Eurobank, headquartered in San Juan, PR. At closing, the institution held approximately $2.45B in assets and $1.86B in deposits. The FDIC record names Oriental Bank and Trust as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $539.1M.
By assets at closing this is the 91st largest of the 3,526 bank failures in the FDIC record, and the 9th of 157 in 2010. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Eurobank fail?
Eurobank was closed by regulators on April 30, 2010.
Who acquired Eurobank?
The FDIC record names Oriental Bank and Trust as the acquiring institution in the resolution of Eurobank.
How big was Eurobank when it failed?
Eurobank had approximately $2.45B in total assets and $1.86B in deposits at the time of failure.
Other failures in 2010
| Date | Bank | Assets |
|---|---|---|
| Dec 17, 2010 | The Bank of Miami | $448.1M |
| Dec 17, 2010 | Chestatee State Bank | $244.4M |
| Dec 17, 2010 | United Americas Bank | $242.3M |
| Dec 17, 2010 | First Southern Bank | $191.8M |
| Dec 17, 2010 | Appalacian Community Bank, F.S.B. | $68.2M |
| Dec 17, 2010 | Community National Bank | $31.6M |
| Dec 10, 2010 | Paramount Bank | $252.7M |
| Dec 10, 2010 | Earthstar Bank | $112.6M |
Explore: all failures · PR bank events · 2010 events · events hub