Banco Credito y Ahorro Ponceno
Status: | Inactive as of 04/01/1978 |
Absorption - Assisted | |
Successor Bank: | Banco Santander Puerto Rico |
Headquarters: | Banco Credito y Ahorro Ponceno Plaza Degetau , 00731 |
Established: | 01/01/1895 |
FDIC Insurance: | 02/17/1950 |
FDIC Cert: | #16875 |
Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
History
1895-01-01 | Institution established: Original name:Banco Credito y Ahorro Ponceno | |
1978-04-01 | Failed. Acquired with government financial assistance and subsequently operated as part of Banco de Santander-Puerto Rico (20828) | |
1985-12-10 | Change trust powers from FULL TRUST POWERS GRANTED to LIMITED TRUST POWERS GRANTED | |
1985-12-10 | Moved bank headquarters from PONCE, PR to SAN JUAN, PR | |
1990-03-21 | Changed name to Banco Santander Puerto Rico (20828) | |
1990-08-31 | Acquired Caguas Federal Savings and Loan Association of Puerto Rico (31078) in CAGUAS, PR | |
1991-09-04 | Change trust powers from LIMITED TRUST POWERS GRANTED to FULL TRUST POWERS GRANTED | |
1994-11-30 | Acquired Santander National Bank (31162) in BAYAMON, PR | |
1996-10-12 | Acquired Banco Central Hispano - Puerto Rico (22519) in SAN JUAN, PR | |
2007-12-31 | Reorganized. | |
2020-09-01 | Merged into and subsequently operated as part of FirstBank Puerto Rico (30387) in Santurce, PR |