Data / Bank failures / 2010 / Westernbank Puerto Rico
Westernbank Puerto Rico, Mayaguez, PR: failed April 30, 2010
Westernbank Puerto Rico in Mayaguez, Puerto Rico, failed on April 30, 2010. Banco Popular de Puerto Rico of San Juan, PR, took over its deposits. It held $10.80 billion in assets and $8.42 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.17 billion (20.1% of its assets). By assets it was the largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- April 30, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Banco Popular de Puerto Rico, San Juan, PR
- Total assets
- $10,797,345,000
- Total deposits
- $8,420,357,000
- Estimated cost to the FDIC
- $2,173,621,233 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 31027
Other bank failures in Puerto Rico, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| R-G Premier Bank of Puerto Rico | Hato Rey | April 30, 2010 | $5.68 billion | $4.22 billion | $978.1 million | Scotiabank de Puerto Rico |
| Eurobank | San Juan | April 30, 2010 | $2.45 billion | $1.86 billion | $539.1 million | Oriental Bank and Trust |
Other failed banks Banco Popular de Puerto Rico took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Doral Bank | San Juan | PR | February 27, 2015 | $5.90 billion | $4.10 billion | $689.4 million | Banco Popular de Puerto Rico |
All bank failures in 2010 · All bank failures in Puerto Rico · Every failed bank Banco Popular de Puerto Rico took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.