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Banco Mercantil de Puerto Rico, Inc.

Status:Inactive as of 09/07/1979
 Merger - Without Assistance
Successor Bank:Scotiabank de Puerto Rico
Headquarters:Banco Mercantil de Puerto Rico, Inc.
107 Arzuaga Street
, 00936
Established:05/02/1966
FDIC Insurance:07/14/1966
FDIC Cert:#19610
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC

History

1966-05-02Institution established but was not FDIC insured. Original name: Banco Mercantil de Puerto Rico, Inc.
1966-07-14Became FDIC insured.
1966-07-14Changed primary regulatory agency from STATE to FEDERAL DEPOSIT INSURANCE CORPORATION
1979-09-07Institution established: Original name:Scotiabank de Puerto Rico (22946)
1979-09-07Merged into and subsequently operated as part of Scotiabank de Puerto Rico (22946) in SAN JUAN, PR
1991-06-07Change trust powers from TRUST POWERS NOT GRANTED to LIMITED TRUST POWERS GRANTED
2010-04-30Acquired R-G Premier Bank of Puerto Rico (32185) in HATO REY, PR as part of a government assisted transaction.
2010-09-01Change trust powers from LIMITED TRUST POWERS GRANTED to TRUST POWERS TERMINATED
2010-09-02Change trust powers from TRUST POWERS TERMINATED to FULL TRUST POWERS GRANTED
2019-12-31Merged into and subsequently operated as part of Oriental Bank (31469) in SAN JUAN, PR