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Doral Financial Corporation (DRL)

-NYSE

1.45 Down 0.04(2.68%) May 25, 4:03PM EDT|After Hours: 1.45 0.00 (0.00%) May 25, 4:48PM EDT

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Doral Financial Corporation
1451 Franklin D Roosevelt Avenue
San Juan, PR 00920-2717
United States - Map
Phone: 787-474-6700
Fax: 787-749-8267

Details 
Index Membership:N/A
Sector:Financial
Industry:Mortgage Investment
Full Time Employees:N/A

Business Summary 

Doral Financial Corporation operates as a bank holding company for Doral Bank that provides banking, mortgage banking, and insurance agency services. The company accepts deposits from the general public and institutions; obtains borrowings; originates and invests in loans, including residential real estate mortgage loans; invests in mortgage-backed securities and other investment securities; and offers traditional banking services. It also offers commercial and construction lending 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 consumer credit, personal loans, and loans on savings deposits; and financing lease for equipment. Further, it offers commercial real estate loans; commercial loans, including lines of credit and term facilities; and construction lending products. Additionally, the company originates, purchases, and sells mortgage loans. It also offers property, casualty, life, and title insurance products primarily to its mortgage loan customers. The company operates a network of 29 branches in Puerto Rico; 2 branches in New York; and 5 branches in Florida. Doral Financial Corporation was founded in 1972 and is San Juan, Puerto Rico.

Key Statistics


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Corporate Governance 
Doral Financial Corporation’s Governance Risk Indicator (GRI®) as of May 1, 2012 is: Audit (High Concern), Board (Low Concern), Compensation (High Concern), Shareholder Rights (Low Concern).
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
 PayExercised
Mr. Glen R. Wakeman , 52
Chief Exec. Officer, Pres, Director, Chief Exec. Officer of Doral Bank PR and Pres of Doral Bank PR
2.50M0.00
Mr. Robert E. Wahlman , 56
Chief Financial & Investment Officer, Chief Accounting Officer, Exec. VP and Director of Doral Bank
939.00K0.00
Mr. Enrique R. Ubarri-Baragano Esq., 40
Chief Compliance Officer , Exec. VP, Gen. Counsel, Sec. and Director of Doral Bank
700.00K0.00
Mr. Christopher C. Poulton , 40
Chief Bus. Devel. Officer and Exec. VP
886.00K0.00
Mr. Luis Alejandro-Narvaez CPA, CISA, 51
Chief Internal Auditor and Sr. VP
255.00K0.00
Amounts are as of Dec 30, 2011 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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