Puerto Rico’s Doral Bank Placed Under FDIC Receivership
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Doral Financial Corp.’s bank unit was closed Friday by the commonwealth’s financial regulator, which appointed the Federal Deposit Insurance Corp. as receiver.
Popular Inc. agreed to acquire Doral Bank’s banking operations, including deposits, the FDIC said Friday in a statement. Popular will operate eight of Doral Bank’s 26 former branches and the FDIC reached separate agreements with three banks to acquire 18 of the remaining locations, according to the statement.