Former financial holding corporation located in Puerto Rico
W Holding Company
Company type
Public
Industry
Finance and Insurance
Founded
Mayagüez, Puerto Rico, March 1, 1958; 66 years ago (March 1, 1958)
Defunct
April 30, 2010; 13 years ago (2010-04-30)
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.
The Westernbank logo. Its trademark El Banco del Pueblo is Spanish for The People’s Bank.
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.
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