Doral CFO Hooston Placed on Leave as Reinhard Takes Over Post

Doral Financial Corp., the Puerto Rico bank that has failed to post an annual profit since 2005, said Chief Financial Officer David Hooston was placed on paid administrative leave for personal reasons.

Nancy Reinhard was named acting CFO, the San Juan-based bank said today in a regulatory filing. Hooston is taking leave “to attend to personal family issues unrelated to his functions as chief financial officer,” the lender said.

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