Welcome to PatsFans.com

Regulators shut down 3 Puerto Rico banks; makes 60 US bank failures this year

Discussion in 'Political Discussion' started by DisgruntledTunaFan, Apr 30, 2010.

  1. DisgruntledTunaFan

    DisgruntledTunaFan Rookie

    Joined:
    Oct 12, 2006
    Messages:
    2,534
    Likes Received:
    7
    Ratings:
    +7 / 0 / -0

    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.

    .........................

Share This Page

unset ($sidebar_block_show); ?>