Dow Down1.40% Nasdaq Down1.59%

Doral Financial Corporation (DRL)

5.04 1.60(24.10%) Oct 1, 4:00PM EDT
ProfileGet Profile for:
Doral Financial Corporation
1451 Franklin D. Roosevelt Avenue
San Juan, PR 00920
United States - Map
Phone: 787-474-6700

Index Membership:N/A
Industry:Money Center Banks
Full Time Employees:1,333

Business Summary 

Doral Financial Corporation operates as the bank holding company for Doral Bank that provides retail banking services to general public and institutions. It primarily operates through Puerto Rico Growth, United States, Recovery, and Treasury segments. The company accepts deposits, including certificates of deposit, brokered deposits, regular passbook savings, NOW accounts and other transaction accounts, money market accounts, and non-interest bearing deposits; obtains borrowings; originates and invests in loans, including residential real estate mortgage loans; and offers traditional banking services. It also offers commercial and construction loan products; and purchases assigned interests in senior credit facilities from the syndicated leverage loan market in the United States. In addition, the company provides consumer loans, such as credit cards, personal loans, loans on savings deposits and other consumer loans. Further, it offers commercial real estate loans; commercial loans, including lines of credit and term facilities to finance business operations, and working capital for specific purposes, such as to finance the purchase of assets, equipment, or inventory; and construction lending products, as well as industrial and land loans. Additionally, the company originates, purchases, and sells mortgage loans; and offers property, casualty, life, and title insurance products primarily to its mortgage loan customers. It operates a network of 22 branches in Puerto Rico; and 8 branches in New York and Florida. Doral Financial Corporation was founded in 1972 and is based San Juan, Puerto Rico.

Key Statistics

Company Websites 
Home Page
Search Yahoo! for:
More on Doral Financial Corporation

Corporate Governance 
Doral Financial Corporation’s ISS Governance QuickScore as of Jul 1, 2014 is 10. The pillar scores are Audit: 10; Board: 7; Shareholder Rights: 3; Compensation: 10.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Glen R. Wakeman , 54
Chief Exec. Officer, Pres, Director, Chief Exec. Officer of Doral Bank, Pres of Doral Bank and Director of Doral Bank
Mr. David E. Hooston CPA, 58
Chief Financial Officer and Exec. VP
Mr. Enrique R. Ubarri-Baragano Esq., 42
Chief Compliance Officer, Exec. VP, Gen. Counsel, Sec. and Director of Doral Bank
Mr. Christopher C. Poulton , 42
Chief Bus. Devel. Officer and Exec. VP
Mr. Jesús Francisco Méndez , 57
Exec. VP of Puerto Rico Operations
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
View Insiders