Data / Bank failures / 1990 / Cagaus-Central Federal Savings
Cagaus-Central Federal Savings, Caguas, PR: failed May 25, 1990
Cagaus-Central Federal Savings in Caguas, Puerto Rico, failed on May 25, 1990. Banco Santander PR of Hato Rey, PR, took over its deposits. It held $1.64 billion in assets and $1.26 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $231.3 million (14.1% of its assets). By assets it was the 21st largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- May 25, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Banco Santander PR, Hato Rey, PR
- Total assets
- $1,639,132,000
- Total deposits
- $1,255,567,000
- Estimated cost to the FDIC
- $231,271,903 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 31078
Other bank failures in Puerto Rico, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Banco Nacional, National Association | San Juan | January 24, 1992 | $52.1 million | $48.9 million | $8 million | EUROBANK&TRUST Co |
All bank failures in 1990 · All bank failures in Puerto Rico · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. 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.