Prime Bank of Puerto Rico

Status:Inactive as of 10/27/1997
 Merger - Without Assistance
Successor Bank:Eurobank
Headquarters:Prime Bank of Puerto Rico
32 Acosta Street
, 00625
Established:05/16/1977
FDIC Insurance:05/16/1977
FDIC Cert:#22464
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$70,031,000
Total Deposits:$65,462,000

History

1977-05-16Institution established: Original name:Banco Industrial y Comercial de Caguas
1981-10-13Changed name to Banco de Caguas
1990-03-07Changed name to Banco del Comercio de Puerto Rico
1997-01-10Changed name to Prime Bank of Puerto Rico
1997-10-27Merged into and subsequently operated as part of Eurobank (27150) in HATO REY, PR
2000-04-27Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
2002-12-13Acquired Banco Financiero de Puerto Rico (22302) in PONCE, PR
2004-06-09Acquired The Bank and Trust of Puerto Rico (26592) in SAN JUAN, PR
2008-03-08Moved bank headquarters from HATO REY, PR to SAN JUAN, PR
2010-04-30Failed. Acquired with government financial assistance and subsequently operated as part of Oriental Bank and Trust (31469)
2012-12-18Acquired Banco Bilbao Vizcaya Argentaria Puerto Rico (19919) in SAN JUAN, PR
2013-03-07Changed name to Oriental Bank (31469)
2019-12-31Acquired Scotiabank de Puerto Rico (22946) in SAN JUAN, PR

Financial Information (1996-12-31 and Older)