Government regulators where busy in Puerto Rico on Friday afternoon, shutting down three major banks, making it 60 FDIC-insured banks to fail so far in 2010. Details below. I’ll update with new posts if there are other closures.
No. 58: Eurobank of San Juan, P.R. was closed, then taken over by Oriental Bank and Trust of San Juan P.R. Eurobank had 22 branches. Estimated cost to the FDIC: $743.9 million.
No. 59: R-G Premier Bank or Puerto Rico was closed, then taken over by Scotiabank de Puerto Rico. R-G had 29 branches. Estimated cost to the FDIC: $1.23 billion.
No. 60: Westernbank of Puerto Rico was closed, then taken over by Banco Poular de Puerto Rico. Westernbank had 46 branches. Estimated cost to the FDIC: $3.31 billion.
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