Failed Doral Bank acquired by Banco Popular de Puerto Rico | Miami Herald

Banking regulators shut down Puerto Rico-based Doral Bank late last week, selling more than half of its $5.9 billion in assets to Banco Popular de Puerto Rico.

The takeover marked the biggest failure of a U.S. bank since 2010.

Doral Bank, which had a total of $4.1 billion in deposits, has long struggled with under-capitalization and non-performing loans. It was also involved in a public spat with the Puerto Rican government over a $230 million tax credit.