Bank of Nova Scotia Buys Assets of Failed Lender Premier Bank Puerto Rico

R-G Premier Bank of Puerto Rico in Hato Rey was closed today by the Office of the Commissioner of Financial Institutions of the Commonwealth of Puerto Rico, which appointed the Federal Deposit Insurance Corp. as receiver.

The FDIC entered into a purchase and assumption agreement with Scotiabank de Puerto Rico in San Juan to assume all of the deposits of R-G Premier Bank of Puerto Rico.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.