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

1895-01-01Institution established: Original name:Banco Credito y Ahorro Ponceno
1978-04-01Failed. Acquired with government financial assistance and subsequently operated as part of Banco de Santander-Puerto Rico (20828)
1985-12-10Change trust powers from FULL TRUST POWERS GRANTED to LIMITED TRUST POWERS GRANTED
1985-12-10Moved bank headquarters from PONCE, PR to SAN JUAN, PR
1990-03-21Changed name to Banco Santander Puerto Rico (20828)
1990-08-31Acquired Caguas Federal Savings and Loan Association of Puerto Rico (31078) in CAGUAS, PR
1991-09-04Change trust powers from LIMITED TRUST POWERS GRANTED to FULL TRUST POWERS GRANTED
1994-11-30Acquired Santander National Bank (31162) in BAYAMON, PR
1996-10-12Acquired Banco Central Hispano - Puerto Rico (22519) in SAN JUAN, PR
2007-12-31Reorganized.
2020-09-01Merged into and subsequently operated as part of FirstBank Puerto Rico (30387) in Santurce, PR