Central Federal Savings Bank of PR

Status:Inactive as of 10/31/1986
 Merger - Without Assistance
Successor Bank:Caguas Federal Savings and Loan Association of Puerto Rico
Headquarters:Central Federal Savings Bank of PR
66 Coll & Toste Streets
, 00612
Established:10/06/1958
FDIC Insurance:10/06/1958
FDIC Cert:#31049
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$207,435,000
Total Deposits:$141,264,000

History

1958-10-06Institution established: Original name:Central Federal Savings Bank
1985-10-31Changed name to Central Federal Savings Bank of PR
1986-10-31Merged into and subsequently operated as part of Caguas Federal Savings and Loan Association of Puerto Rico (31078) in CAGUAS, 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
1994-11-30Acquired Santander National Bank (31162) in BAYAMON, PR
1994-11-30Changed from the Savings Association Insurance Fund to the Bank Insurance Fund.
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