Caguas Federal Savings and Loan Association of Puerto Rico

Status:Inactive as of 08/31/1990
 Pass Through Receivership Merger
Conservatorship Institution Resolved
Successor Bank:Banco Santander Puerto Rico
Headquarters:Caguas Federal Savings and Loan Association of Puerto Rico
Betances & Baldorioty Streets
, 00625
Established:01/01/1958
FDIC Insurance:08/09/1989
FDIC Cert:#31078
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$1,499,856,000
Total Deposits:$1,034,128,000

History

1958-01-01Institution established: Original name:Caguas Federal Savings and Loan Association of Puerto Rico
1982-08-31Acquired United Federal Savings and Loan Association of Puerto Rico (30967) in SAN JUAN, PR
1984-11-30Acquired Home Federal Savings and Loan Association of Puerto Rico (31617) in PONCE, PR
1985-02-28Changed organization type to MUTUAL SAVINGS BANK
1986-10-31Acquired Central Federal Savings Bank of PR (31049) in ARECIBO, PR
1990-05-25Placed into government conservatorship.
1990-08-31Government conservatorship or bridge bank resolved.
1990-08-31Acquired after government financial assistance and subsequently operated as part of Banco Santander Puerto Rico (20828)
1991-09-04Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
1994-11-30Changed from the Savings Association Insurance Fund to the Bank Insurance Fund.
1994-11-30Acquired Santander National Bank (31162) in BAYAMON, PR
1996-10-12Acquired Banco Central Hispano - Puerto Rico (22519) in SAN JUAN, PR
2006-03-31Moved bank headquarters from CAGUAS, PR to SAN JUAN, PR
2007-12-31Reorganized.
2020-09-01Merged into and subsequently operated as part of FirstBank Puerto Rico (30387) in Santurce, PR