W Holding Company - Subsidiaries

Subsidiaries

• Westernbank Puerto Rico – main subsidiary. It is the second largest bank in Puerto Rico offering business and consumer financial services, including banking, trust and brokerage services.
• Westernbank International Division – an International Banking Entity under the Puerto Rico International Banking Regulatory Act; provides services to commercial and corporate customers, mainly related to treasury (investment), loans, and securities activities.
• Westernbank Insurance Corp. – a general insurance agent providing property, casualty, life and disability insurance.
• Westernbank Business Credit – Provides commercial business loans secured principally by real estate, accounts receivable, inventory and equipment.
• Westernbank Trust Division – provides trust services for individual, corporate and trust company clients.
• Expresso of Westernbank (Westernbank Express) – manages 19 branches across Puerto Rico and specializes in small, unsecured consumer loans up to $15,000 and real estate collateralized consumer loans up to $150,000.
• Westernbank World Plaza, Inc. – a real estate holding company mainly consisting of the 23 story office building located in Hato Rey, Puerto Rico. A portion of the building’s floor space is rented to non-related parties.
• SRG Net, Inc. – an electronic funds transfer network.