R & G Financial Corporation
The R & G Financial Corporation (commonly known as RG Financial or R-G Financial) was a financial holding company located in San Juan, Puerto Rico. On April 30, 2010, its bank failed and its deposits and assets were seized by the Federal Deposit Insurance Corporation (FDIC). Its deposits and assets were subsequently sold to Scotiabank. On May 14, R & G Financial Corporation filed for Chapter 11 bankruptcy.
RG used to offer a full range of financial services in Puerto Rico and the State of Florida through its wholly owned subsidiaries. Its main subsidiaries are RG Premier Bank, a business and consumer financial services company offering banking services, trust and brokerage services, and various types of loans, and RG Mortgage, one of the largest mortgage lenders in the island. Its headquarters are located at 290 Jesus T. Pinero Avenue in Hato Rey, San Juan.
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