Written agreement with W Holding Company

The following press release was published by the Board of Governors of the Federal Reserve System on May 29, 2009. It is reproduced in full below.

The Federal Reserve Board on Friday announced the execution of a Written Agreement by and between W Holding Company, Inc., Mayaguez, Puerto Rico, a registered bank holding company, and the Federal Reserve Bank of New York.

A copy of the Written Agreement is attached.

Source: Board of Governors of the Federal Reserve System