Fajardo Federal Savings Bank

Status:Inactive as of 07/31/1998
 Merger - Without Assistance
Successor Bank:R-G Premier Bank of Puerto Rico
Headquarters:Fajardo Federal Savings Bank
Celis Aguilera No 161
, 00738
Established:01/01/1972
FDIC Insurance:08/09/1989
FDIC Cert:#31635
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$28,992,000
Total Deposits:$21,314,000

History

1972-01-01Institution established: Original name:Fajardo Federal Savings and Loan Association of Puerto Rico
1984-02-29Changed organization type to MUTUAL SAVINGS BANK
1984-02-29Changed name to Fajardo Federal Savings Bank
1988-12-31Changed organization type to STOCK SAVINGS BANK
1998-07-31Merged into and subsequently operated as part of R-G Premier Bank of Puerto Rico (32185) in HATO REY, PR
2010-04-30Failed. Acquired with government financial assistance and subsequently operated as part of Scotiabank de Puerto Rico (22946)
2010-09-01Change trust powers from TRUST POWERS NOT GRANTED to TRUST POWERS TERMINATED
2010-09-02Change trust powers from TRUST POWERS TERMINATED to FULL TRUST POWERS GRANTED
2011-05-31Moved bank headquarters from HATO REY, PR to SAN JUAN, PR
2019-12-31Merged into and subsequently operated as part of Oriental Bank (31469) in SAN JUAN, PR

Financial Information (1997-12-31 and Older)