Westernbank Puerto Rico
Mayaguez, PR · Owner: W Holding Co Inc
$10.8B
total assets, March 31, 2010
$10.8B
total assets, March 31, 2010
Westernbank Puerto Rico was a state nonmember bank in Mayaguez, PR, owned by W Holding Co Inc. It failed on Apr 30, 2010, and Banco Popular De Puerto Rico took over its deposits. At its last report it held $10.8 billion in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2010
This bank failed
- Failed on
- Apr 30, 2010
- Assets
- $10.8B
- Deposits
- $8.4B
- Estimated cost
- $2.2B
- Deposits went to
- Banco Popular De Puerto Rico, San Juan, PR
Total assets
$10.8B
-28.3% in a year · -5.8% in a quarter
Deposits
$8.4B
-20.4% in a year · -2.3% in a quarter
Loans
$8.4B
-5.9% in a year · -3.3% in a quarter
Profit so far
-$89.3M
Jan 1 to Mar 31, 2010 · -7812.2% in a year
Capital ratio
3.44%
-2.30 pts in a year
Return on assets
-3.21%
-3.24 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 19 W Mckinley St, Mayaguez, PR, 00680
- County
- Mayaguez
- Holding company
- W Holding Co Inc
- Established
- Apr 30, 1958
- Failed
- Apr 30, 2010
- Employees
- 1,452
- Branches
- 46
- Id
- b31027
Quarter by quarter
March 31, 1984 to March 31, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Westernbank Puerto Rico?
$10.8 billion in total assets and $8.4 billion in deposits as of March 31, 2010, with assets down 28.3% from a year before. Its loans were $8.4 billion.
How many branches does Westernbank Puerto Rico have?
46 branches in Puerto Rico as of June 30, 2026.
Is Westernbank Puerto Rico profitable?
No: it lost $89.3 million from January 1 to March 31, 2010. Its return on assets was -3.21% a year; about 1% is typical.
Who owns Westernbank Puerto Rico?
Westernbank Puerto Rico is owned by W Holding Co Inc, its holding company.
When did Westernbank Puerto Rico fail?
Apr 30, 2010. Banco Popular De Puerto Rico of San Juan, PR took over its deposits. The estimated cost of the failure was $2.2 billion.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.