BNET Industries
Doral Financial Corp. (DORL P) is in the Financial Services Industry
Latest News and Analysis
Doral Financial Corporation Announces the Appointment of Two New Members to Its Board of Directors
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, today announced that Raymond J. Quinlan and Gerard L. Smith have been appointed as members of its Board of Directors. Both appointments are in addition to the current nine members of the Company's Board. ...
Doral Financial Reports Results for First Quarter 2008
Reports Significant Improvement in Operating Performance as it Reports a Smaller Net Loss of $2.3 million before the payment of preferred stock dividends, Compared to $37.7 million for the Comparable 2007 Period Reports Improved Business Fundamentals, Including 79% Increase in Mortgage Production SAN JUAN, Puerto Rico...
Doral posts loss.(PUERTO RICO)(Financial report)
Doral Financial Corp, a Puerto Rican lender hurt by lawsuits and a fall in mortgage rates, posted a fourth-quarter loss as it set aside a higher amount to meet losses and delinquencies in its loan portfolio, reports Reuters (March 21, 2008). The company reported a net loss...
Doral Financial Corp. Files Form 10-K for Year Ended December 31, 2007
Reports 2007 Net Loss of $170.9 million compared to a Net Loss of $223.9 million for 2006 Reports Net Loss of $34.0 million in Fourth Quarter 2007 compared to Net Loss of $62.1 million in Third Quarter 2007 Year 2007 milestones include a Successful Capital Raise...
Doral Financial Corporation Addresses Concerns Related to the Sale of Bear Stearns
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE:DRL), a diversified financial services company, reports today that the sale of The Bear Stearns Companies Inc. to JPMorgan Chase & Co. does not have an impact on Doral's operations. Bear Stearns Merchant Banking BSMB, a standalone affiliate of Bear...
In Connection to an Audit for the Period 2006 Related to BSA Violations That Had Initially Occurred in 2005, Doral Financial and the FDIC Jointly Entered into a C&D Order with Its Principal Subsidiary Doral Bank, Puerto Rico
Findings initially occurred in the period prior to the Company's change in management, recapitalization and replacement of the Board of Directors No material effect on Doral Bank operations SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, today announced that...
Doral Financial Corporation Declares Cash Dividend on Four Series of Preferred Stock
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, declared the regular monthly cash dividends on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"), 8.35% Noncumulative Monthly Income Preferred Stock, Series B (the "Series B Preferred Stock")...
Doral Financial Announces That the FDIC Lifted the Cease and Desist Order with Doral Bank Puerto Rico
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, today announced that the Federal Deposit Insurance Corporation FDIC terminated the Order to Cease and Desist with its principal banking subsidiary, Doral Bank Puerto Rico. The order, dated March 16, 2006, related to financial safety...
MOODY'S UPGRADES DORAL
Moody's Investors Service upgraded thesenior debt rating of DoralFinancial Corporation Doral to B1 from B2.Following the upgrade,the rating outlook is stable. The rating action reflects Moody'sview that Doral's substantial capitalbase and ample liquidity allowsthe company to begin executing itscommunity bank business strategyon Puerto Rico. Doral's board andmanagerial ranks continue to...
PUERTO RICO: MOODY'S UPGRADES DORAL.
Moody's Investors Service upgraded the senior debt rating of Doral Financial Corporation Doral to B1 from B2. Following the upgrade, the rating outlook is stable. The rating action reflects Moody's view that Doral's substantial capital base and ample liquidity allows the company to...
Doral Financial Corporation Announces the Appointment of a New Independent Member to Its Board of Directors
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL) a diversified financial services company (the "Company"), announced today that Kevin Twomey has been appointed as a member to its Board of Directors. This new appointment is in addition to the current nine members of the Board of the Company...
Doral Financial Corporation Pays Cash Dividend on Its 4.75% Convertible Preferred Stock
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, today announced that, on December 14, 2007, it paid the quarterly dividend on the Company's 4.75% perpetual cumulative convertible preferred stock, in the amount of $2.96875 per share. The dividend was paid to holders of...
Doral Financial Corporation Clarifies Information on the November Cash Dividend on Three Series of Preferred Stock
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), clarified the information released earlier today about the November cash dividends on its three series of preferred stock. The dividend on each of the series was paid to the record holders as of the close of business on November 28,...
Doral Financial Corporation Declares Cash Dividend on Three Series of Preferred Stock
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE:DRL), a diversified financial services company, announced today that on November 30, 2007, it paid the regular monthly cash dividend on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"), 8.35% Noncumulative Monthly Income Preferred Stock,...
Doral Financial Corporation Announces the Appointment of Two New Members to Its Board of Directors
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company (the "Company"), today announced that James E. Gilleran and Ramesh Shah have been appointed as members to its Board of Directors. These new appointments are in addition to the current seven members of the Board...
Doral Financial Corporation Reports Results for 2007 Third Quarter
Net Loss of $70.5 Million and a Pre-Tax Net Loss of $148.4 Million, Reflects, Among Other Things, a $126.2 Million Charge Due to Doral's Successful Balance Sheet Restructuring Company Views Itself as Well Capitalized and Achieving Substantial Progress on Its Transformation Following the July 19, 2007 Recapitalization ...
Doral Appoints Local Industry Leader Denise Segarra Sacarello Head of Doral's Mortgage Business Group
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE:DRL), a diversified financial services company, continues to strengthen its senior executive team with the appointment of local mortgage leader Denise Segarra Sacarello as Senior Vice President, Mortgage Group Director. As announced by its CEO Glen Wakeman, Segarra Sacarello will report to...
Doral Financial Corporation Declares Cash Dividend on Three Series of Preferred Stock
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, announced that, today, October 1, 2007, it paid the regular monthly cash dividend on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"), 8.35% Noncumulative Monthly Income Preferred Stock,...
US$610 million bank buyout.(PUERTO RICO)
Doral Financial Corp., the bank-holding company facing bankruptcy, said shareholders approved a US$610 million buyout offer from a group led by Bear Stearns Cos. reports Bloomberg (July 19, 2007). 95% of shareholders approved the plan involving investors including Goldman Sachs Group Inc., Doral said. The deal...
Doral Financial Corporation Declares Cash Dividend on Four Series of Preferred Stock
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, announced that, today, August 31, 2007, it paid the regular monthly cash dividend on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"), 8.35% Noncumulative Monthly Income Preferred Stock,...
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- Incorporated: 1972
- CEO: Mr. Glen R. Wakeman
Doral Financial is a financial holding company. Through its subsidiaries, Co. is engaged in mortgage banking, banking (including thrift operations), institutional securities operations and insurance agency activities. As of Dec 31 2006, Co. had total assets of $11,856.4 million and total deposits of $4,250.8 million.
Co. is engaged in the origination, purchase, securitization and sale of FHA, VA, conventional conforming and non-conforming first and second mortgage loans, and in providing and/or arranging for interim financing for the construction of residential and other types of real estate development and permanent financing on multifamily and commercial real estate.
Key Competitors
Doral Financial Corp. Company Info
Board of Directors
Mr. Dennis G. Buchert
Non-Executive Chairman
Mr. Michael J. O'Hanlon
Mr. Gerard L. Smith
Mr. Raymond J. Quinlan
Mr. Kevin M. Twomey
Mr. James E. Gilleran
Mr. Ramesh N. Shah
Mr. Glen R. Wakeman
Mr. Frank W. Baier
Mr. David E. King
Mr. Howard M. Levkowitz
Contact Information
1451 Franklin D. Roosevelt Avenue
San Juan, PR
787 474-6700
NAICS Code
Real Estate Credit: 522292Brought to you by IBMSponsored Resources
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