W Holding Company is a finance company focusing on banking, investment, and asset management. Founded in Mayagüez, Puerto Rico, the company gained significance through its subsidiary Westernbank. However, when Westernbank failed on April 30, 2010, its deposits and assets were seized by the Federal Deposit Insurance Corporation and eventually sold to Banco Popular de Puerto Rico.
Despite past challenges, W Holding Company stands out for its diverse workforce and employee satisfaction. With 1,411 employees and an annual revenue of $440 million, its workforce is recognized for its balanced blend of political orientations and high employee retention rate. Headquartered in the United States, W Holding Company remains an important player in the finance industry.
