Doral gets $181.3M cash boost from asset sale
January 16, 2015
Doral Bank, a wholly owned subsidiary of Doral Financial Corporation, announced Thursday the completion of the sale of of certain loans, advances, mortgages, and loan participation rights to WOMF REV, LLC, which will shore up $181.3 million in cash for the troubled financial institution.
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FDIC rejects Doral’s revised capital restoration plan
January 13, 2015
Doral Financial Corp. told the Securities and Exchange Commission Monday that the revised capital restoration plan submitted to the Federal Deposit Insurance Corp. last week was rejected for failing to “meet the criteria.”
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FDIC: Doral ‘significantly undercapitalized;’ stock plunges
October 2, 2014
Doral Financial Corp.’s stock plunged nearly 25 percent Wednesday after disclosing it had received a warning by Federal Deposit Insurance Corp. that it falls within its “significantly undercapitalized” category.
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