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| Company type | Public |
|---|---|
| Industry | Finance and Insurance |
| Founded | Mayagüez, Puerto Rico, March 1, 1958 |
| Defunct | April 30, 2010 |
| Fate | The Office of the Commissioner of Financial Institutions of Puerto Rico seized it and appointed the FDIC to become the failed bank's receiver. The FDIC sold the deposits and assets to Banco Popular de Puerto Rico. |
| Successor | Banco Popular |
| Headquarters | Mayagüez, Puerto Rico |
Key people | Frank C. Stipes, Chairman & CEO |
| Products | Banking, checking accounts, insurance, stock brokerage, investment banking, asset-based lending, consumer finance |
| Website | Archive of www.wbpr.com/ |
The W Holding Company was a financial holding corporation located in Mayagüez, Puerto Rico. On April 30, 2010, Westernbank, its wholly owned bank subsidiary, failed and its deposits and assets were seized by the Federal Deposit Insurance Corporation and subsequently sold to Banco Popular de Puerto Rico.[1]
- ^ "Cobertura especial sobre la consolidación de bancos - El Nuevo Día". www.elnuevodia.com. Archived from the original on 2010-05-03.