Data / Bank failures / 1986 / Banco de Ahorro, F.S.B.
Banco de Ahorro, F.S.B., Mayaguez, PR: failed May 30, 1986
Banco de Ahorro, F.S.B. in Mayaguez, Puerto Rico, failed on May 30, 1986. Banco Popular de Puerto of San Juan, PR, took over its deposits. It held $34 million in assets and $30 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $7 million (20.6% of its assets). By assets it was the 105th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- May 30, 1986
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Banco Popular de Puerto, San Juan, PR
- Total assets
- $33,961,000
- Total deposits
- $30,021,000
- Estimated cost to the FDIC
- $6,984,532 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- FDIC
- FDIC certificate
- 22456
Other bank failures in Puerto Rico, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Home FS&LA (assistance) | Ponce | October 1, 1984 | $45.6 million | $23.7 million | $1.7 million | Caguas FS&LA of Puerto Rico |
| Girod Trust Company | San Juan | August 16, 1984 | $405.7 million | $289.7 million | $86.3 million | Citibank N A |
Other failed banks Banco Popular de Puerto took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Washington Nat BK of Chicago | Chicago | IL | May 18, 1984 | $14.1 million | $13.8 million | $2 million | Banco Popular de Puerto |
| Union Trust Company | San Juan | PR | December 9, 1983 | $30.6 million | $25.7 million | $9.2 million | Banco Popular de Puerto |
All bank failures in 1986 · All bank failures in Puerto Rico · Every failed bank Banco Popular de Puerto took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.