The Graveyard › Banks › 2010
Westernbank Puerto Rico
Mayaguez, PR · failed April 30, 2010 · FDIC certificate 31027
Westernbank Puerto Rico of Mayaguez, PR failed on April 30, 2010. It opened on April 30, 1958, 52 years before. At its last report before that it held $10.8 billion in assets and $8.4 billion in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2007, it held $18.0 billion. The FDIC estimates that the Deposit Insurance Fund lost $2.2 billion on it.
1984-032010-03
Assets at the end$10.8 billionlast report before April 30, 2010
Deposits at the end$8.4 billion
Estimated loss to the fund$2.2 billionDIF
Largest in the quarterly reports$18.0 billionSeptember 30, 2007
Equity to assets3.5%March 31, 2010
Loans not being repaid18.5%noncurrent, March 31, 2010
Return on assets-3.21%a year's rate, March 31, 2010
Staff1,452full time, March 31, 2010
Also ended in 2010
- R-G Premier Bank of Puerto Rico · Hato Rey, PR · $5.7 billion in assets
- La Jolla Bank, FSB · La Jolla, CA · $3.6 billion in assets
- Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
- Frontier Bank · Everett, WA · $3.3 billion in assets
- Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 billion in assets
- Amcore Bank, National Association · Rockford, IL · $3.1 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.