WESTERNBANK PUERTO RICO Failed 2010
What happened
WESTERNBANK PUERTO RICO of MAYAGUEZ, PR was closed on 2010-04-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANCO POPULAR DE PUERTO RICO (SAN JUAN, PR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3795
- FDIC Certificate
- 31027
- FDIC FIN
- 10231
- Bank name
- WESTERNBANK PUERTO RICO
- Location
- MAYAGUEZ, PR
- Failure date
- 2010-04-30
- FDIC resolution date
- 2010-04-30
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2,174M
- Deposits at failure
- $8,420M
- Assets at failure
- $10,797M
- Acquiring bank
- BANCO POPULAR DE PUERTO RICO (SAN JUAN, PR)
Other banks BANCO POPULAR DE PUERTO RICO acquired in FDIC resolutions