Data / Bank failures / 1981 / First FS&LA of Puerto Rico
First FS&LA of Puerto Rico, Santurce, PR: received FDIC assistance November 20, 1981
First FS&LA of Puerto Rico in Santurce, Puerto Rico, received open bank assistance from the FDIC on November 20, 1981.
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The FDIC's record
- Closed
- November 20, 1981
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- First FSB, Santurce, PR
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 30387
Other bank failures in Puerto Rico, 1979 to 1983
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Union Trust Company | San Juan | December 9, 1983 | $30.6 million | $25.7 million | $9.2 million | Banco Popular de Puerto |
| United FS&LA of Puerto Rico (assistance) | San Juan | July 30, 1982 | $286.9 million | $215.9 million | Caguas FS&LA | |
| Banco Regional | Bayamon | June 12, 1982 | $21.4 million | $17.9 million | $319,816 | Citibank N A |
| Pan American, FS&LA (assistance) | Rio Piedras | November 20, 1981 | $43.9 million | $31.6 million | First FSB |
Other failed banks First FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First Federal Savings of Toledo | Toledo | OH | February 1, 1991 | $1.02 billion | $1.02 billion | $38.4 million | First FSB |
| First Federal Savings & Loan | San Antonio | TX | January 4, 1991 | $638.6 million | $472.4 million | $37.7 million | First FSB |
| First Federal Sav. Assoc./bluefield | Bluefield | WV | February 23, 1990 | $39.3 million | $33.2 million | $2.6 million | First FSB |
| Broadview Savings Bank | Cleveland | OH | March 30, 1989 | $1.78 billion | $1.14 billion | $94.7 million | First FSB |
| Pan American, FS&LA (assistance) | Rio Piedras | PR | November 20, 1981 | $43.9 million | $31.6 million | First FSB |
All bank failures in 1981 · All bank failures in Puerto Rico · Every failed bank First FSB took over · 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.