W Holding Company, Inc. · Mayagüez, PR United States ·(NYSE: WHI)
Company Description
View W Holding Company, Inc. Locations On A US Map
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This link will open in a new window No relation to a former US president, W Holding Company is the parent of Westernbank Puerto Rico, which provides consumer and business banking services through about 60 branches. The #3 bank in Puerto Rico (behind Popular and First BanCorp ), Westernbank offers deposit accounts, credit cards, and trust and brokerage services. Subsidiary Westernbank Insurance sells a full range of coverage. Westernbank has grown in San Juan (Puerto Rico's capital); some locations offer a smaller, more casual setting (espresso is served) to attract more consumer clients. To read the full description, subscribe now.
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Key W Holding Company, Inc. Financials
| Company Type | Public - NYSE: WHI Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $203.6 |
| 2008 Employees | 1,445 |
W Holding Company, Inc. Executives
26 executives listed for W Holding Company, Inc.'s Mayagüez, PR location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO; President and CEO, Westernbank | Frank Stipes | Network |
| COO and Chief Retail Officer, Westernbank | Carlos Davila | Network |
| SVP and CFO | Lidio Soriano | Network |
Competition
Competitive Landscape for W Holding Company, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top W Holding Company, Inc. Competitors
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