Doral CEO Welcomes Attendees to 34th Annual Convention of the United States Hispanic Chamber of Commerce

  Doral CEO Welcomes Attendees to 34th Annual Convention of the United States
  Hispanic Chamber of Commerce

Lucienne Gigante, Doral’s SVP of Marketing, Public Relations and Community, to
                Lead Panel on Gender Inclusion and Leadership

Business Wire

SAN JUAN, Puerto Rico -- September 16, 2013

Doral Bank (“Doral”), a subsidiary of Doral Financial Corporation (NYSE:DRL),
today announced, with great pride for Doral and the Puerto Rican communities
it serves, that the United States Hispanic Chamber of Commerce (USHCC) has
asked Doral Chief Executive Officer, Glen Wakeman, to provide a welcoming
letter to attendees for its 34th Annual Convention, and for Lucienne Gigante,
Doral’s SVP of Marketing, Public Relations and Community, to lead a panel
discussion on gender inclusion and leadership. Mr. Wakeman’s welcoming message
to the Annual Convention is included below.

USHCC President & CEO Javier Palomarez said, “The USHCC is proud to welcome
Doral Bank to its family of corporate partners, and we are excited to have Ms.
Gigante participate at this year’s 2013 National Convention. The insights that
Ms. Gigante will offer to today’s attendees is beyond valuable, and we are
grateful for her – and Doral Bank’s – involvement with our organization.”

Text of Mr. Glen Wakeman’s Welcoming Remarks to Attendees at the 34^th Annual
Convention of the United States Hispanic Chamber of Commerce:

Dear Members and Friends:

On behalf of Doral Financial Corporation, we would like to welcome you to the
34^th Annual Convention of the United States Hispanic Chamber of Commerce

For 34 years, the members of the UHSCC have worked tirelessly to create and
foster economic opportunities for Hispanic entrepreneurs and businesses. We
applaud Chief Executive Officer Javier Palomarez and the entire organization
for their tremendous efforts and achievements. Yet, while much has been
accomplished, there is still so much more to do. As we sit here today,
millions of bold and ambitious Hispanics, in Puerto Rico, the United States
and globally, yearn for a supportive hand to mentor them and to invest in
their business pursuits.

At Doral, we take great pride in being a leading community bank for Puerto
Rico. Each day we are inspired by our customers and the communities that we
serve. Over the past several years, Doral, as part of its community banking
efforts, has put great emphasis on developing programs and services to support
the Puerto Rican community and its entrepreneurship.

For instance, we have already helped over 30,000 families who have been
through difficult times keep their homes, avoiding the foreclosure process and
ensuring that our customers retain their property. Likewise, through 2013,
Doral will have counseled thousands of people through its financial education
program; provided support services to local small businesses to help them
develop, strengthen and grow; helped obtain homes for low income families and
donated over $1 million worth properties; and proudly invested nearly $3
million in initiatives to support the professional and entrepreneurial
development of Hispanic women. With proper financial support and mentoring,
these individuals and the communities that they support, stand to accelerate
their progress, gaining in leaps and bounds. Financial institutions must play
a vital role these efforts. If fostering entrepreneurship and empowering women
are made distinct priorities at the local level, Hispanics will be empowered
to take action, rebuilding their respective communities one household at a

We offer our best wishes to the UHSCC and each of its members. We look forward
to coming together again next year to celebrate our accomplishments, and to be
inspired to do all that we can for the Hispanic community.

Ms. Gigante, with the support of Doral’s executive leadership team, has been
instrumental in formulating dynamic entrepreneurial and community programs
across Puerto Rico. Ms. Gigante will also deliver remarks at the Convention’s
honorary luncheon, discussing Doral’s innovative Mujeres De Exito program. By
year end 2013, Doral will have invested over $3 million in targeted
initiatives that support the professional and entrepreneurial development of

As Ms. Gigante noted, “Doral prides itself on being a community banking
institution, and as such we believe that empowering, educating, and providing
capital for women has a multiplier effect on the economy and in our community.
The success of the Mujeres De Exito program is a testament to the power that
Puerto Ricans have on our local economies when properly supported by financial
institutions. Female focused programs like Mujeres De Exito are grounded in
the belief that the disproportionately low number of educated women in Puerto
Rico who own businesses stunts the Puerto Rican economy as a whole.”

Participants on the panel, which Ms. Gigante will moderate, include:

  *Carmen Castillo, Founder and President of Superior Design International,
    Corp., a Florida based workforce solutions firm. SDI ranks as one of the
    50 largest Hispanic businesses in the United States and is the largest
    Latina-owned business in the nation according to Hispanic Business
    Magazine. Among her many accomplishments, Ms. Castillo was recently
    selected as the 2013 Woman of the Year by the editorial board of Hispanic
  *Beatriz M. Manetta, Founder, President and CEO of Argent Associates, a
    supply chain and technology services company. Argent, a certified minority
    and female-owned company, has been widely recognized as one of the fastest
    growing female owned businesses, and has been ranked within the 500
    largest Hispanic owned companies from 2006 through 2011 and as high as #22
    in 2007. In 2011, Argent was named Supplier of the Year by AT&T, and
    Innovative Company of the Year by DiversityNXT.
  *Nina G. Vaca, Founder, Chairman and CEO of Pinnacle Technical Resources,
    Inc., an information technology services provider to Fortune 500
    companies. Among her many professional accolades, Ms. Vaca is the
    recipient of the coveted Ernst & Young Entrepreneur of the Year award for
    Technology and Communications in the Southwest Region. She has also been
    recognized in each of the past three years as one of the 101 Most
    Influential Latinos in America by Latino Leaders Magazine and currently
    serves as Chairman Emeritus of the Board of the United States Hispanic
    Chamber of Commerce. Ms. Vaca also serves as a Director of Comerica, Inc.
    and Kohl’s Corporation.

To learn more about Doral’s community initiatives, please visit

About Doral

Doral Bank is a leading community bank based in San Juan, Puerto Rico. Doral
serves its customers both in Puerto Rico and in the US mainland. On the U.S.
mainland, Doral has branches in Florida and New York and its national online
bank, Doral Direct. Doral Bank is a member of the FDIC and a wholly owned
subsidiary of Doral Financial Corporation (NYSE: DRL).


Doral Financial Corporation
María M. Rodríguez Matienzo, 787-474-6497
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