Westernbank Puerto Rico

Status:Inactive as of 04/30/2010
 Absorption - Assisted
Successor Bank:Banco Popular de Puerto Rico
Headquarters:Westernbank Puerto Rico
19 W Mckinley St
, 00680
Established:04/30/1958
FDIC Insurance:04/30/1958
FDIC Cert:#31027
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$10,797,345,000
Total Deposits:$8,420,357,000

History

1958-04-30Institution established: Original name:Western Federal Savings Bank
1985-04-30Changed organization type to STOCK SAVINGS BANK
1994-11-30Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
1994-11-30Changed name to Westernbank Puerto Rico
2010-04-30Failed. Acquired with government financial assistance and subsequently operated as part of Banco Popular de Puerto Rico (34968)
2013-01-01Reorganized.
2015-02-27Acquired Doral Bank (32102) in SAN JUAN, PR as part of a government assisted transaction.

Financial Information (2010-03-31 and Older)