Banco Economias

Status:Inactive as of 09/02/1977
 Absorption - Assisted
Participated in Open Bank Assistance
Successor Bank:Banco Central Hispano - Puerto Rico
Headquarters:Banco Economias
Dr Veve And Creve And Manzamares
, 00753
Established:01/01/1881
FDIC Insurance:02/17/1950
FDIC Cert:#16878
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC

History

1881-01-01Institution established: Original name:Banco de Economias y Prestamos
1973-04-27Changed name to Banco Economias
1977-09-02Institution established: Original name:Banco Central y Economias (22519)
1977-09-02Maintained operations with government open bank assistance.
1977-09-02Failed. Acquired with government financial assistance and subsequently operated as part of Banco Central y Economias (22519)
1980-12-22Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
1981-10-28Changed name to Banco Central Corporation (22519)
1992-08-21Changed name to Banco Central Hispano - Puerto Rico (22519)
1996-10-12Merged into and subsequently operated as part of Banco Santander Puerto Rico (20828) in SAN JUAN, PR
2007-12-31Reorganized.
2020-09-01Merged into and subsequently operated as part of FirstBank Puerto Rico (30387) in Santurce, PR