W HOLDING COMPANY, INC.
THE FINANCIAL COMPANY OF WESTERNBANK PUERTO RICO
ANNOUNCES PRESS RELEASE REVIEW TELECONFERENCE
Mayaguez, Puerto Rico, May 16, 2003, W HOLDING COMPANY, INC. (NYSE: "WHI"), the financial holding company of Westernbank Puerto Rico, is announcing that Frank C. Stipes and Freddy Maldonado, Chief Executive Officer and Chief Financial Officer respectively will review W HOLDING’S yesterday’s press release via teleconference today Friday, May 16, 2003 at 10:00 A.M. (EST). PARTICIPANTS SHOULD DIAL IN 10 MINUTES PRIOR TO 10:00 A.M. START.
Westernbank Puerto Rico, the wholly-owned subsidiary of W HOLDING COMPANY, INC., is the third largest banking entity headquartered in Puerto Rico, in term of total assets operating throughout Puerto Rico through 50 full-fledged branches, including 31 in the Southwestern region of Puerto Rico, 8 in the Northeastern region, and 11 in the San Juan Metropolitan area of Puerto Rico. W HOLDING COMPANY, INC., also owns Westernbank Insurance Corp., a general insurance agent placing property, casualty, life and disability insurance, whose results of operations and financial condition are reported on a consolidated basis.