On April 30,2010, Westernbank, its wholly owned bank subsidiary, failed and its deposits and assets were seized by the Federal Deposit Insurance Corporation and subsequently sold to Banco Popular de Puerto Rico.
Westernbank failed. This was on April 30,2010. Westernbank was its wholly owned bank subsidiary. Its deposits and assets were seized by the Federal Deposit Insurance Corporation. This was on April 30,2010. Its deposits and assets were subsequently sold to Banco Popular de Puerto Rico. This was on April 30,2010.