W Holding Company
Former financial holding corporation located in Puerto Rico / From Wikipedia, the free encyclopedia
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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]
Quick Facts Company type, Industry ...
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. |
Successor | Banco Popular |
Headquarters | Mayagüez, Puerto Rico |
Key people | Frank C. Stipes, Chairman & CEO |
Products | Banking Checking Accounts Insurance stock brokerage Investment Bank Asset-Based Lending Consumer finance |
Website | Archive of www.wbpr.com/ |
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