Bank failure · PR
Westernbank Puerto Rico (Mayaguez, PR) — failed April 30, 2010
Westernbank Puerto Rico of Mayaguez, Puerto Rico was closed on April 30, 2010 and resolved through a purchase and assumption. Banco Popular De Puerto Rico (PR) took over its insured deposits. At failure it held $10.8B in assets and $8.4B in deposits. The FDIC's estimated loss on the failure is $2.2B (20.1% of assets).
- Closing date
- April 30, 2010
- FDIC certificate #
- 31027
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Banco Popular de Puerto Rico
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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