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Banco Santander Portfolio. PUERTO RICO | UNPAID PRINCIPAL BALANCE: $31 MILLION. CPG acquired over $2.0 billion in distressed assets, comprised of both loans and bank-owned real estate, through four separate off-market transactions with three of the largest banks in Puerto Rico.
- Escorial Portfolio
The Escorial Portfolio comprises a 103-unit condominium...
- Escorial Portfolio
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21 Οκτ 2019 · Santander today announces that it has agreed to sell its retail and commercial banking franchise in Puerto Rico, Santander Bancorp (the holding company that includes Banco Santander Puerto Rico), to FirstBank Puerto Rico, for a total consideration of approximately $1.1 billion (€1 billion)1.
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Santander ha acordado hoy la venta de su filial de banca minorista en Puerto Rico, Santander Bancorp, a FirstBank Puerto Rico por aproximadamente 1.100 millones de dólares (unos 1.000 millones de euros) 1. Santander Bancorp es la entidad propietaria de Banco Santander Puerto Rico.
1 Σεπ 2020 · Puerto Rico-based First BanCorp. completed its acquisition of Santander BanCorp and wholly owned subsidiary Banco Santander Puerto Rico. Under the terms of the deal, Santander BanCorp and Banco Santander will be merged into FirstBank Puerto Rico, with the latter as the surviving entity.
In connection with the acquisition, Santander BanCorp and Banco Santander will be merged into FirstBank, with FirstBank being the surviving entity. As of July 31, 2020, Banco Santander had approximately $5.5 billion in assets, $2.7 billion in total loans and $4.2 billion in deposits.
