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Failures by State

Bank Failures in Puerto Rico

12 FDIC-insured banks headquartered in Puerto Rico have failed since 1978. The most recent was Doral Bank on February 27, 2015. The worst year was 2010, with 3 failures. Failed banks held $27.73B in assets at closing.

12
Failures
1978 to 2015
$27.73B
Failed assets
At closing
$4.72B
Estimated DIF loss
FDIC estimate
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All Puerto Rico events
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Largest bank failures in Puerto Rico

Date Bank City Assets Acquirer or resolution
Apr 30, 2010 Westernbank Puerto Rico Mayaguez $10.80B Banco Popular de Puerto Rico
Feb 27, 2015 Doral Bank San Juan $5.90B Banco Popular de Puerto Rico
Apr 30, 2010 R-G Premier Bank of Puerto Rico Hato Rey $5.68B Scotiabank De Puerto Rico
Apr 30, 2010 Eurobank San Juan $2.45B Oriental Bank and Trust
May 25, 1990 Cagaus-Central Federal Savings Caguas $1.64B Banco Santander PR
Mar 31, 1978 Banco Credito Y De Ahorro Ponceno Ponce $712.5M —
Aug 16, 1984 Girod Trust Company San Juan $405.7M Citibank N a
Jan 24, 1992 Banco Nacional, N.A. San Juan $52.1M Eurobank&trust Co
May 30, 1986 Banco de Ahorro, F.S.B. Mayaguez $34.0M Banco Popular de Puerto
Dec 9, 1983 Union Trust Company San Juan $30.6M Banco Popular de Puerto

Puerto Rico bank failures by year

Year Failures Failed assets
2015 1 $5.90B
2010 3 $18.93B
1992 1 $52.1M
1990 1 $1.64B
1986 1 $34.0M
1984 1 $405.7M
1983 1 $30.6M
1982 1 $21.4M
1978 2 $721.9M

Every bank failure in Puerto Rico

Date Bank City Assets Acquirer or resolution
Feb 27, 2015 Doral Bank San Juan $5.90B Banco Popular de Puerto Rico
Apr 30, 2010 Westernbank Puerto Rico Mayaguez $10.80B Banco Popular de Puerto Rico
Apr 30, 2010 R-G Premier Bank of Puerto Rico Hato Rey $5.68B Scotiabank De Puerto Rico
Apr 30, 2010 Eurobank San Juan $2.45B Oriental Bank and Trust
Jan 24, 1992 Banco Nacional, N.A. San Juan $52.1M Eurobank&trust Co
May 25, 1990 Cagaus-Central Federal Savings Caguas $1.64B Banco Santander PR
May 30, 1986 Banco de Ahorro, F.S.B. Mayaguez $34.0M Banco Popular de Puerto
Aug 16, 1984 Girod Trust Company San Juan $405.7M Citibank N a
Dec 9, 1983 Union Trust Company San Juan $30.6M Banco Popular de Puerto
Jun 12, 1982 Banco Regional Bayamon $21.4M Citibank N a
Sep 5, 1978 Banco de Ahorro De Puerto Rico San Juan $9.4M —
Mar 31, 1978 Banco Credito Y De Ahorro Ponceno Ponce $712.5M —

Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.

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