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Last $0.22 USD
Change Today 0.00 / 0.00%
Volume 1.2K
DRLCQ On Other Exchanges
As of 8:10 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

doral financial corp (DRLCQ) Snapshot

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Day High
Day Low
52 Week High
09/22/14 - $8.94
52 Week Low
04/28/15 - $0.06
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Current Stock Chart for DORAL FINANCIAL CORP (DRLCQ)

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doral financial corp (DRLCQ) Details

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. Doral Financial Corporation was founded in 1972 and is based New York, New York. On March 11, 2015, Doral Financial Corporation filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York.

1,333 Employees
Last Reported Date: 03/21/14
Founded in 1972

doral financial corp (DRLCQ) Top Compensated Officers

Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $440.0K
Chief Business Development Officer and Execut...
Total Annual Compensation: $950.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $652.6K
Executive Vice President of Puerto Rico Opera...
Total Annual Compensation: $454.6K
Compensation as of Fiscal Year 2013.

doral financial corp (DRLCQ) Key Developments

Doral Financial Corporation Announces Termination of Glen R. Wakeman as President and Chief Executive Officer

On March 31, 2015 the Board of Directors of Doral Financial Corporation terminated Glen R. Wakeman from his position as President and Chief Executive Officer of the company, effective immediately. Mr. Wakeman will continue to serve on the Board of Directors of the company. Carol Flaton, the company’s Chief Restructuring Officer, will continue to be responsible for the daily operations and supervision of the Company during the bankruptcy process, including performing some of the duties previously performed by Mr. Wakeman.

NYSE Files Form 25 With SEC To Remove Common Stock Of Doral Financial Corporation

As previously disclosed by Doral Financial Corporation in a Current Report on Form 8-K filed with the Securities and Exchange Commission (SEC) on March 12, 2015, the company expected to receive a notice from the New York Stock Exchange (NYSE) advising the company of its failure to satisfy one or more continued listing rules or standards of the NYSE. On March 31, 2015, the NYSE filed with the SEC an application on Form 25 in accordance with Rule 12d2-2 promulgated under the Securities Exchange Act of 1934, as amended, to notify the SEC of its intention to remove the entire class of common stock of the company from listing and registration on the NYSE on April 13, 2015, pursuant to the provisions of Rule 12d2-2(b) under the Exchange Act because, in the opinion of the NYSE, the common stock is no longer suitable for continued listing and trading on the NYSE. According to the notice, the NYSE reached its decision to initiate delisting proceedings pursuant to Section 802.01D of the NYSE’s Listed Company Manual based on the company’s March 2, 2015 announcement that the Office of the Commissioner of Financial Institutions of Puerto Rico closed Doral Bank, the company’s principal operating subsidiary, and appointed the Federal Deposit Insurance Corporation as receiver.

Doral Financial Corporation announced delayed annual 10-K filing

On 03/30/2015, Doral Financial Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC.


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