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W Holding Co. Inc. (WHI)

On Nov 24: 14.62 USD  Down 0.44 (2.92%)  
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W Holding Co. Inc.
19 West Mckinley Street
Mayaguez, PR 00681
Phone: 787-834-8000
Fax: 787-831-5958
Web Site: http://www.wholding.com

DETAILS
Index Membership: N/A
Sector: Financial
Industry: Savings & Loans
Employees (last reported count): 1,386

BUSINESS SUMMARY
W Holding Company, Inc. operates as the holding company for Westernbank Puerto Rico, which offers business and consumer financial services in Puerto Rico, the United States. It accepts time deposits, savings deposits, and interest and non-interest bearing demand deposits. The company's loan portfolio includes commercial real estate mortgage, residential real estate mortgage, construction mortgage, and consumer and others loans, as well as commercial, industrial, and agricultural loans. The company, through its other subsidiaries, offers investment, trust, brokerage, and treasury services. In addition, W Holding Company, through its subsidiary, operates as a general insurance agent, providing property, casualty, life, and disability insurance. As of December 31, 2006, the bank operated 56 bank branches, including 33 in the western and southwestern regions, 14 in the San Juan metropolitan area, 7 in the Northeastern region, and 2 in the Eastern region in Puerto Rico, as well as offers its services through online. The company was founded in 1958 and is headquartered in Mayaguez, Puerto Rico.
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    OFFICERS
      Pay Exercised
    Mr. Frank C. Stipes , 52
    Chairman, Chief Exec. Officer, Member of Exec. Committee, Member of Sr. Credit Committee, Member of Investment Committee, Member of Compliance & Risk Management Committee and Chairman of WesternBank Puerto Rico
    N/A N/A
    Mr. Pedro R. Domínguez , 63
    First VP for the Southern Area, Director, Member of Investment Committee, Member of Sr. Credit Committee of WesternBank Puerto Rico
    $ 800.00K $ 617.00K
    Mr. Juan C. Frontera , 75
    Sec., Director, Member of Audit Committee, Member of Compensation Committee, Member of Nominating & Corp. Governance Committee, Member of Sr. Credit Committee, Member of Investment Committee of WesternBank Puerto Rico
    $ 47.00K N/A
    Mr. Norberto Rivera Cpa, 46
    Chief Accounting Officer, VP, Comptroller, Member of Compliance & Risk Management Committee, Vice-Pres of Westernbank and Comptroller of Westernbank
    $ 332.00K N/A
    Mr. William Vidal Esq., 54
    First VP, Member of Sr. Credit Committee and Chief Lending Officer of Northeastern Region
    $ 506.00K N/A
    Dollar amounts are as of 31-Dec-06 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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