DisgruntledTunaFan

But everything's getting so much better, right?

Regulators shut down 3 Puerto Rico banks; makes 60 US bank failures this year - 4/30/2010 4:02:59 PM | Newser

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.

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Scott A. Johnson - End Times Current Events and Bible Study

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