Doral tells SEC it will not file 1Q14 report on time
May 14, 2014
The problems at Doral Financial Corp. continued Tuesday, when it informed the Securities and Exchange Commission that it will be unable to file its first quarter results report for the period ended Mar. 31 this week, a day after the deadline passed.
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Doral fires off letter to Treasury asking for $232M refund
May 13, 2014
Financially troubled Doral Financial Corp. fired off a letter to the Puerto Rico Treasury Department late last week asking the agency to comply with the terms of a closing agreement reached in 2012 obligating the government to refund the bank for tax over-payments estimated at about $232 million.
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S&P downgrades Doral to ‘CC’ in wake of capital breach
May 8, 2014
Two days after Doral Financial Corp. disclosed its weakened capital position, Standard & Poor's Ratings Services said Wednesday it lowered its issuer credit rating to 'CC' from 'CCC-' and placed the rating on CreditWatch with negative implications.
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Doral developing revised capital plan to address liquidity
May 2, 2014
The Federal Deposit Insurance Corporation has warned Doral Bank that it may no longer include in its calculation of its Tier 1 Capital some or all of the tax receivables from the government, which represented $289 million of the bank’s approximately $679 million of Tier 1 Capital at Dec. 31, 2013.
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Doral migrating assets to U.S. to reduce local exposure
March 25, 2014
Upon wrapping up what company officials called “a difficult year,” Doral Financial Corp. is looking to reduce its exposure to Puerto Rico’s economic problems by migrating its assets to its U.S. mainland business, company CEO Glen Wakeman said during a Monday afternoon earnings conference call.
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Doral tells SEC it will be late with ’13 annual report
March 19, 2014
Problems with internal reviews of data related to its allowance for loan and lease losses and the related provision for loan and lease losses will prevent Doral Financial Corp. to file its 2013 annual report in a timely manner with the Securities and Exchange Commission, the bank told the regulator Tuesday.
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Doral Bank launches ‘Naricitas de Amor’ campaign
February 20, 2014
In its ongoing commitment to invest in cancer treatment awareness in Puerto Rico, Doral Bank launched Wednesday “Naricitas de Amor,” a new campaign to benefit the Pediatric Cancer wing of the Antonio Ortiz Children’s Hospital.
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Banks run special hours for Washington’s Birthday
February 17, 2014
Puerto Rico banks will be operating on a special schedule today in observance of the Washington’s Birthday holiday. Following are the schedules for the major banks.
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Doral Mortgage partners with San Juan Board of Realtors
February 13, 2014
As part of its commitment to the real estate sector, Doral Mortgage announced Wednesday its partnership with San Juan Board of Realtors, which includes supporting the trade group’s continued education program, among other initiatives.
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Utuado senior housing project gets $400K federal award
January 16, 2014
The Federal Home Loan Bank of New York announced Wednesday the award of a $400,000 grant to Pathstone, Inc. to help finance the Valle Dorado project, which will construct a new building providing 32 affordable homes for very low-income seniors in Utuado.
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Puerto Rico banks tweak hours for Christmas holiday
December 23, 2013
Puerto Rico is said to have one of the longest Christmas holiday seasons on the planet, and for the next two weeks many businesses and government offices will operate on special schedules in observance of those days.
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Doral Bank, town of Bayamón launch art workshop
November 20, 2013
Bayamón Mayor Ramón Luis Rivera-Cruz, and Doral Bank announced Tuesday that 25 women with artistic abilities will participate in a free three-month educational program by the Art Workshop to further encourage and enhance the participants' artistic abilities and techniques.
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Doral Financial reports $7.5M loss for 3Q13
November 5, 2013
Doral Financial Corporation today reported a net loss for the third quarter ended Sept. 30, 2013 of $7.5 million, closing the gap from net losses of $10.4 million and $32.5 million for the second quarter ended June 30, 2013 and the year ago quarter ended Sept. 30, 2012, respectively.
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Op-Ed: Investing in women as an economic driver
October 24, 2013
In the early 2000s, Marisol Santiago from Villalba was gainfully employed in the healthcare industry, providing for her family while investing in her future. However, following the onset of the global recession, which still plagues Puerto Rico, Marisol was laid off from her job.
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Doral Bank offers solutions to help stretch your dollar
October 17, 2013
Doral Bank recently launched a new strategy called “Stretch your dollar with Doral” focusing on the benefits that its accounts and products offer, especially checking accounts that feature tools that help stretch a dollar.
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