operates as the holding company for Westernbank Puerto Rico (bank). The bank offers a range of business and consumer financial services, including banking, trust, and brokerage services.
Westernbank provides a range of consumer loans that include personal, collateralized personal loans, credit cards, and small loans; commercial loans, such as commercial real estate, residential real estate, and unsecured construction and land acquisition loans; and fixed-rate residential second mortgage consumer loans, as well as offers various deposit products that comprise savings, time deposits, brokered deposits, and individual retirement account deposits.
It also provides an array of trust services and treasury and investment services.
As of June 30, 2005, the bank operated 53 branch offices in Puerto Rico, including 33 in the western and southwestern regions, 7 in the northeastern region, 12 in the San Juan metropolitan area, and 1 in the eastern region.
In addition, the company, through its another subsidiary, Westernbank Insurance Corp.
, operates as a general insurance agent placing property, casualty, life, and disability insurance.
W Holding Company is based in Mayaguez, Puerto Rico.
