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    Doral Financial Corporation (DRL)

    0.72 0.00(0.00%) Feb 27
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    Doral Financial Corporation
    1451 Franklin D. Roosevelt Avenue
    San Juan, PR 00920
    United States - Map
    Phone: 787-474-6700
    Website: http://www.doralbank.com

    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. The company was formerly known as First Financial Caribbean Corp and changed its name to Doral Financial Corporation in September 1997. Doral Financial Corporation was founded in 1972 and is based in San Juan, Puerto Rico.

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    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 , 55
    Chief Exec. Officer, Pres, Director, Chief Exec. Officer of Doral Bank, Pres of Doral Bank and Director of Doral Bank
    Mr. Enrique R. Ubarri-Baragano Esq., 43
    Gen. Counsel, Exec. VP and Sec.
    Mr. Christopher C. Poulton , 43
    Chief Bus. Devel. Officer and Exec. VP
    Mr. Jesús Francisco Méndez , 58
    Exec. VP of Puerto Rico Operations
    Mr. Sergio Garcia ,
    Chief Information Officer and Sr. VP
    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.
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