Doral Financial Corp.

Christopher C. Poulton was appointed Executive Vice President and Chief Business Development Officer on June 1, 2007. Previously he was employed in various positions at GE Money (formerly known as GE Consumer Finance) from 1993 to May 2007 including Vice President — Business Development.

Lesbia Blanco was named Executive Vice President — Chief Talent & Administration Officer on August 14, 2006. Previously she served as Human Resources Director — Worldwide Operations of Ethicon, Johnson & Johnson (2001 — 2006) and Human Resources Director for the Americas of The Coca-Cola Company (1999 — 2001).

Luis Alejandro-Narvaez, CPA, CISA, was appointed as Senior Vice President and Chief Internal Auditor in February 2007. Prior to his employment with Doral Financial, he was employed with Oriental Financial Group for 17 years and his last position was Senior Vice President and General Auditor from 2004 to 2007.

Marangal I. Domingo was appointed Executive Vice President and Chief Financial and Investment Officer in November 2006. Previously he served as Chief Investment Officer and Treasurer since September 25, 2006. Prior to joining Doral Financial, he served as Executive Vice President, Finance & Strategy at Countrywide Bank, N.A. (2005 2006); President and Chief Executive Officer of Downey Financial Corporation (2004); Executive Vice President Capital Markets, Home Loans & Insurance Services Group of Washington Mutual, Inc. (2001 2004) and Executive Vice President and Chief Financial Officer Home Loans & Insurance Services Group (1999 2001).

Paul Makowski was appointed Executive Vice President and Chief Risk Officer on June 25, 2007. Prior to joining Doral Financial he served as Consumer Real Estate Risk Executive of Bank of America from April 2004 to December 2006, and as Chief Retail Credit Officer, HSBC, North America, from 1999 to 2004.

Robert E. Wahlman was appointed Executive Vice President and Chief Financial and Investment Officer in March 2009. Previously he served from June 2007 to February 2009 as U.S. Bank Group, Chief Financial Officer of Merrill Lynch & Co. Mr. Wahlman also served as Merrill Lynch Bank USA Chief Financial Officer from June 2005 to June 2007 and prior to that appointment, he served as Merrill Lynch Bank and Trust Chief Financial Officer from June 2003 to June 2005. From January 2001 to June 2003, Mr. Wahlman worked as U.S. Bank Group Controller for Merrill Lynch and Co. Before Merrill Lynch & Co., Mr. Wahlman was with CIGNA Corporation as Controller and Chief Accounting Officer of Cigna s four life insurance subsidiaries from September 1998 to January 2001.

Senior Managing Director at Marathon Asset Management since June 2008. Treasurer for J.P. Morgan Chase from August 2004 to June 2, 2008. Managing Director and Treasurer of the Global Corporate and Investment Bank at Citigroup from February 1997 to August 2004. Prior to Citigroup, he was formerly with Goldman Sachs & Co. for 16 years. Age 55.

Calixto Garcia-Velez was appointed Executive Vice President and President of the Consumer Banking Division on September 1, 2006. Previously he served as President of Citibank West, FSB (2005 2006), Business Manager, Citibank, NA, South Division (2002 2005) and President of Citibank Florida (1999 2002).

Enrique R. Ubarri, Esq. was appointed Executive Vice President and General Counsel in October 2006. Previously he was employed as Vice President and General Counsel of Triple-S Management Corporation (September 2005 — September 2006); and Senior Vice President, General Counsel and Director of Compliance of Santander BanCorp (October 2000 — September 2005).

Laura Vazquez, CPA was appointed as Controller and Principal Accounting Officer in August 2007. Previously she was employed as Controller of Santander BanCorp from 1989 to 2007.

Array

Private Consultant since 2006. Mr. Smith served as Managing Director in charge of Bank Mergers and Acquisitions at Credit Suisse (1998 2006). Mr. Smith was one of the three founding members of the Financial Institutions Group at Salomon Brothers (1976 1985). He also served as head of the UBS Bank Group (1995 1998). Age 62.

Management Consultant since May 2007. President and Chief Executive Officer of the Federal Home Loan Bank of Seattle from May 2005 to April 2007. Director of the Office of Thrift Supervision from December 2001 to April 2005. Chairman and CEO of the Bank of San Francisco from October 1994 until December 2000. Superintendent of Banks for the State of California from 1989 to 1994. Member of the Bar in California and Washington, DC. Certified Public Accountant in California and North Carolina. Age 75.

Mr. Twomey was president of The St. Joe Company from 1999 until his retirement in 2006. He is currently a director and chairman of the audit committee of PartnerRe (NYSE: PRE), an international reinsurance company. He is a director of Prime Property Fund LLC, a privately held company organized as a REIT and managed on behalf of investors by Morgan Stanley. He previously served as a director of Doral Financial Corporation (NYSE: DRL) from 2007 2009, of Novelis from 2006 2007, and of Intergraph Corporation from 2004 2006. Prior to joining The St. Joe Company, Mr. Twomey was vice chairman of the board of directors and chief financial officer of H.F. Ahmanson & Company and its principal subsidiary, Home Savings of America. Prior to joining Ahmanson in 1993, he was chief financial officer at First Gibraltar Bank, a company owned by MacAndrews & Forbes Holdings. He serves on the board of trustees of the University of North Florida and is the chairman of the board trustees of the United Way of Northeast Florida. He holds master s degrees from Duke University and The George Washington University and a bachelor s degree from the University of Virginia.

Chairman of WNS Global Services (NYSE) since 2006. Prior to his current position, Mr. Shah held various positions, including Executive Vice President, Head of Retail Banking (1997 2004) and Executive Vice President, Marketing and Product Development (1996 1997) of GreenPoint Financial. Age 60.

President of Whitehall Associates since 2005. Chairman of the Board of Directors of Doral Financial from January 2007 to July 2007. Chief Executive Officer of Crédit Agricole Indosuez (US) from 2003 to 2004; President and Chief Executive Officer of IBJ Whitehall Bank & Trust Company, N.Y. from 1997 to 2002; Executive Vice President of IBJ Whitehall Bank & Trust Company, N.Y. from 1994 to 1997. Age 62.

Self-employed investor since 2003. Executive Vice President and Treasurer for FleetBoston Financial Group from 1995 to 2003. His career began at Citibank in 1972, where he ultimately assumed the position of Division Executive for the Investment Banking Group’s MBS Group. Mr. Jacobs’ other directorships include Fortress Investment Group LLC (a publicly traded company) from 2007 to the present. Previous directorships include ACA Capital Holdings, Inc. (formerly a publicly traded company) from 2004 to 2008 and Global Signal, Inc (formerly a publicly traded company) from 2004 to 2007. Age 61.