NEW YORK — The Federal Deposit Insurance Corp. is seeking to find buyers for three banks in Puerto Rico, a small island with big banking problems.

According to two people familiar with the matter, the agency has hired an investment bank to try to find capital or outright purchasers for W Holding Co. Inc., R&G Financial Corp., and Eurobancshares Inc., three banks located in Puerto Rico with almost $21 billion in combined assets.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.