BNET Industries

Market Cap:$104.9M
Last Fiscal Year Sales:$643.5M
  • Public
  • US
Dow Jones Description

Doral Financial Corporation (Doral Financial or the Company) was organized in 1972 under the laws of the Commonwealth of Puerto Rico and operates as a bank holding company. Doral Financials operations are principally conducted in Puerto Rico. The Company also operates in the mainland United States, principally in the New York City metropolitan area. Doral Financials principal executive offices are located at 1451 F.D. Roosevelt Avenue, San Juan, Puerto Rico 00920-2717, and its telephone number is (787) 474-6700. Doral Financial manages its business through four operating segments that are organized by legal entity and aggregated by line of business: banking (including thrift operations), mortgage banking, insurance agency and institutional securities. For additional information regarding the Companys segments please refer to Operating Segments under Part II, Item 7. Managements Discussion and Analysis of Financial Condition and Results of Operations, and to Note 32 of the audited financial statements. Doral Financial primarily conducts operations in the following segments: Banking . ...

Chief Executive OfficerJohn A. Ward
Number of Employees 1,384
Contact Information

1451 Franklin D Roosevelt Ave

San Juan, Puerto Rico 00920-2717

doralfinancial....

(787) 474-6700

NAICS Code Real Estate Credit: 522292

Recent Events

  • B. Riley & Co. LLC raises Doral Financial to 'neutral'

    6/18/09 - Bond / Stock Rating - View Story

  • Doral Financial Corporation Reports Financial Results for the First Quarter Ended March 31, 2009

    5/07/09 - Financial Announcement - View Story

  • UPDATE 2-MOVES-AIG, Doral Financial, Newbridge Bancorp

    3/26/09 - Mgmt. Change Entering - Finance - View Story

  • Doral Financial Corp. Appoints Robert E. Wahlman Chief Financial and Investment Officer

    3/25/09 - Mgmt. Change Entering - Other - View Story

  • Doral Financial FY08 Loss Widens - Update

    3/20/09 - Financial Announcement - View Story

  • Doral Financial Corporation: Doral Financial Corporation Announces the Appointment of Two New Members to Its...

    2/17/09 - Board Member - Leaving - View Story

News & Analysis

doral financial corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
John A. Ward Chief Executive Officer
Christopher Poulton Chief Business Dev Officer & Executive Vice President
Gerardo Leiva COO & Executive Vice President
Lesbia Blanco-Diaz Chief Admin Officer & Executive Vice President, Chief Talent Officer
Marangal Domingo Executive Vice President and Chief Financial and Investment Officer, Director
Olga Mayoral-Wilson Executive Vice President & Chief Comm Officer
Paul Makowski Executive Vice President & Chief Risk Officer
Enrique R. Ubarri-Baragano General Counsel & Executive Vice President
Enrique R. Ubarri-Baragaño Executive Vice President
Fernando Rivera-Munich Executive Vice President
Frederick C. Teed Executive Vice President, Banking Operations
Israel Bravo Executive Vice President, IT
Lucienne Gigante Vice President, IR & Corp Comm
Calixto Garcia-Velez Executive Vice President and Head of Consumer Banking Division, Director
Denise Segarra Sacarello Senior Vice President & Director, Mortgage Group
Enrique R. Ubarri Executive Vice President and General Counsel, Director
Laura Vazquez Controller and Principal Accounting Officer
Luis Aponte Senior Vice President & Controller
James E. Gilleran Management Consultant
Richard F. Bonini Secretary
Kevin M. Twomey Director
Manuel Peña-Morros Director

Board of Directors

Name (plus bio) Position
Ramesh N. Shah Chairman of Wns Global Services (Nyse)
David Edward King Board of Directors
Dennis G. Buchert Board of Directors
Douglas L. Jacobs Board of Directors
Eugene I. Zuriff Board of Directors
Gerard L. Smith Board of Directors
Glen Wakeman Board of Directors
Howard M. Levkowitz Board of Directors
Mark I. Kleinman Board of Directors
Raymond J. Quinlan Board of Directors
Salomon Levis Board of Directors
Organization Position Status
Doral Financial Corporation Chief Executive Officer Current
Doral Financial Corporation Chairman of the Board Current
Primus Guaranty, Ltd. Chairman Current
Primus Guaranty, Ltd. Director Current
Mktg Inc. Board of Directors Current
Innovative Card Technologies, Inc. Director Current
Innovative Card Technologies, Inc. Chief Executive Officer Former
Innovative Card Technologies, Inc. Chairman of the Board of Directors Former
Primus Financial Products, LLC Director Former

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.

Organization Position Status
Doral Financial Corporation Chief Business Dev Officer & Executive Vice President Current
Organization Position Status
Doral Financial Corporation COO & Executive Vice President Current

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).

Organization Position Status
Doral Financial Corporation Chief Admin Officer & Executive Vice President, Chief Talent Officer Current
Doral Financial Corporation Director, Corp HR Former

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).

Organization Position Status
Doral Financial Corporation Executive Vice President and Chief Financial and Investment Officer, Director Current
Countrywide Bank, N.A. Executive Vice President, Finance & Strategy Former
Organization Position Status
Doral Financial Corporation Executive Vice President & Chief Comm Officer Current
Banco Popular de Puerto Rico Senior Vice President Former
Doral Financial Corporation Director, Corp Communications Former
Banco Popular de Puerto Rico Manager, Public Relations and Communications Former
Doral Financial Corporation Corporate Communications Officer Former

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.

Organization Position Status
Doral Financial Corporation Executive Vice President & Chief Risk Officer Current
Organization Position Status
Doral Financial Corporation General Counsel & Executive Vice President Current
Organization Position Status
Doral Financial Corporation Executive Vice President Current
Santander Bancorp Senior Vice President Former
Santander Bancorp Director of Compliance Former
Doral Financial Corporation General Counsel Former
Organization Position Status
Doral Financial Corporation Executive Vice President Current
Organization Position Status
Doral Financial Corporation Executive Vice President, Banking Operations Current
Doral Bank Board of Directors Former
Organization Position Status
Doral Financial Corporation Executive Vice President, IT Current
Organization Position Status
Doral Financial Corporation Vice President, IR & Corp Comm Current

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).

Organization Position Status
Doral Financial Corporation Executive Vice President and Head of Consumer Banking Division, Director Current
Citibank West FSB President Former
Organization Position Status
Doral Financial Corporation Senior Vice President & Director, Mortgage Group Current

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).

Organization Position Status
Doral Financial Corporation Executive Vice President and General Counsel, Director Current
Doral Financial Corporation General Counsel Former
Organization Position Status
Santander Bancorp First Senior Vice President & Comptroller Current
Doral Financial Corporation Controller and Principal Accounting Officer Current
Santander Bancorp Controller Former
Organization Position Status
Doral Financial Corporation Senior Vice President & Controller Current
Doral Financial Corporation Board of Directors Current

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.

Organization Position Status
Doral Financial Corporation Management Consultant Current
Doral Financial Corporation Board of Directors Current
Organization Position Status
Doral Financial Corporation Secretary Current
Doral Financial Corporation Board of Directors Current
Doral Bank Vice Chairman Former

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.

Organization Position Status
Doral Financial Corporation Chairman of Wns Global Services (Nyse) Current

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.

Organization Position Status
Doral Financial Corporation Board of Directors Current

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.

Organization Position Status
Doral Financial Corporation Board of Directors Current

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.

Organization Position Status
Doral Financial Corporation Board of Directors Current
Fortress Investment Group LLC Board of Directors Current
American Capital Access Holdings Limited member Current
FleetBoston Financial Corporation Executive Vice President & Treasurer Former
Citigroup Inc. Former
The-Signal.Com Former
Hanover Capital Mortgage Holdings, Inc. Board of Directors Former
Global Signal Inc. Board of Directors Former
Wharton Graduate School of the University of Pennsylvania Masters degree Former
Amherst College Bachelor of Arts degree in Chemistry Former
Hanover Capital Mortgage Holdings, Inc. member Former
Organization Position Status
Smith & Wollensky Restaurant Group Incorporated President Current
Smith & Wollensky Restaurant Group Incorporated Board of Directors Current
Doral Financial Corporation Board of Directors Current
Smith & Wollensky Restaurant Group Incorporated Consultant Former
New York Public Library Board of Directors Former
The Healthcare Chaplaincy, Inc. Board of Directors Former
New York University School of Law Former
New York University Former
The Healthcare Chaplaincy, Inc. Trustee Former

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.

Organization Position Status
Doral Financial Corporation Board of Directors Current

President, Chief Executive Officer and member of the Board of Directors of Doral Financial since August 15, 2006; President of Doral Bank since October 2008; President and Chief Operating Officer of Doral Financial from May 2006 to August 2006; Chief Executive Officer of General Electric Consumer Finance Latin America (1999 – 2006). Age 49.

Organization Position Status
Doral Financial Corporation Board of Directors Current
Doral Financial Corporation President & CEO Former
Doral Financial Corporation President & COO Former

Managing Partner and Co-founder of Tennenbaum Capital Partners, LLC, whose predecessor he joined in 1997. Prior to co-founding Tennenbaum Capital Partners, LLC, he was an attorney specializing in real estate and insolvencies at Dewey Ballantine. Age 41.

Organization Position Status
Doral Financial Corporation Board of Directors Current
Organization Position Status
Intergraph Corporation Board of Directors Current
University of North Florida Board of Directors Current
Chinaloop Board of Directors Current
PartnerRe Ltd. Director Current
Doral Financial Corporation Director Current
Acxiom Corporation Board of Directors Current
St. Joe Company President Former
Twomey Company CFO Former
Ahmanson & Co Former
Doral Financial Corporation Chairman Former
PartnerRe Ltd. Chairman Former
Duke University MBA Former
University of Virginia bachelor's degree Former
The George Washington University MSA degree Former
PartnerRe Ltd. member Former
Intergraph Corporation member Former
Organization Position Status
Doral Financial Corporation Director Current
Organization Position Status
Marathon Asset Management LLC Senior Managing Director Current
Doral Financial Corporation Board of Directors Current
Salomon Smith Barney, Inc. Executive Vice President & Treasurer Former
Citigroup Inc. Managing Director & Treasurer, Global Corporate & Investment Bank Former
JPMorgan Chase & Co. Treasurer Former
Harvard University Master's Degree, Architecture Former
Columbia University MBA Former
City University of New York B.S. Former

Private Consultant since 2007. A member of the Silverfern Advisory Board. Former Chairman & CEO, Retail Distribution America, for Citigroup, Inc. from 2005 to 2007; Managing Director of M&A Execution for Citigroup Inc. from 2002 to 2005; and CEO, International Cards Division for Citigroup, Inc. from 2000 to 2002. Age 57.

Organization Position Status
Doral Financial Corporation Board of Directors Current
Organization Position Status
Doral Financial Corporation Board of Directors Current

Executive News

  • Doral Financial Corporation Announces Results of Preferred Exchange Offer

    Reuters - 6/09/09 - View Story

  • Doral Financial Corporation Announces Results of Preferred

    Market Wire via MSN Money - 6/09/09 - View Story

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     DRL $29.85 +27.54 (1192.21% )
Average Volume 193,781
Shares Outstanding -
Market Cap -
Year High 29.98
Year Low 1.61
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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Financial Services Industry Companies

Company Employer Rating
Wells Fargo 3.3