| Business Summary | | W
Holding
Company,
Inc.
is
a
financial
holding
company
offering
a
full
range
of
financial
services
through
its
wholly
owned
subsidiary,
Westernbank
Puerto
Rico
(the
Bank).
The
Bank
is
a
Puerto
Rico-chartered
commercial
bank
and
offers
a
full
array
of
business
and
consumer
financial
services,
including
banking
and
trust
services.
The
Company
had
total
assets
of
$4.3
billion,
net
loans
of
$2.2
billion,
deposits
of
$2.6
billion
and
stockholders'
equity
of
$250.6
million
at
year-end
2000.
The
Bank
operates
through
35
full-service
branch
offices
located
throughout
Puerto
Rico,
primarily
in
the
Southwestern
portion
of
the
island,
and
a
fully
functional
banking
site
on
the
Internet,
at
www.wbpr.com. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | W
Holding
Company,
Inc.
is
a
bank
holding
company
for
federally
chartered
Westernbank
Puerto
Rico
with
35
offices
as
of
12/00.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
29%
to
$171.8
million.
Net
interest
income
after
loan
loss
provision
rose
22%
to
$54.5
million.
Net
income
applicable
to
Common
rose
34%
to
$25.2
million.
Results
reflect
increased
earning
asset
balances,
increased
service
charges
on
deposit
accounts
and
higher
net
securities
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Frank Stipes, 45 Chairman,
Pres and CEO | $1.2M | Freddy Maldonado Pérez, 50 CFO
and Vice Pres of Fin. and Investment | 560K | Andres Morgado, 42 Pres
Trust Division | 354K | Pedro Domínguez Zayas, 56 First
VP- Southern Region | 462K | Ricardo Hernandez, 42 VP,
Controller | 406K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|