Knowledge

Doral Financial Corporation

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Achievement, and was singled out for the 2009 Bank of the Year award by United Kingdom-based ACQ Finance Magazine. In 2010 Doral won several Communitas Awards for providing free homes for families; for providing free access to museums, art workshops and cultural performances; reforesting parks in communities in need; and providing free access to healthcare services, for pro-active community service initiatives, and for high-impact corporate social responsibility. In 2009 the bank also earned the Excel Award from the Public Relations Association for "Domingos dmuseos" in the public relations campaign category. In 2012 the bank was recognized by Communitas and received two award: for TRATA-The Fight Against Child Trafficking; and for Mujeres de Exito (Women of Success.)
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In 2008 Doral was transformed to a full-service community bank. It then instituted two community programs, "Ruta Pink" and Sundays at the Museum. In 2009 the bank was recognized by the American Bankers Association Financial Marketing with a top prize. Doral also received a Country Award for
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On February 27, 2015, Doral Bank, San Juan, PR was closed by the Commissioner of Financial Institutions of Puerto Rico. Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named Receiver. All deposit accounts, including brokered deposits have been transferred to
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based diversified financial services company founded in 1972. In 1999 it established its first branch in New York. Through its wholly owned subsidiaries, Doral Financial offered a variety of banking and insurance agency activities in Puerto Rico and the United States.
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Its three main subsidiaries were Doral Mortgage and HF Mortgage, which were two of the largest mortgage companies in Puerto Rico, and Doral Bank whose headquarters was located at 1451 F.D. Roosevelt Avenue, near the
891: 906: 473: 622: 141: 374: 568: 896: 911: 723: 672: 936: 539: 931: 926: 498: 477: 414: 921: 807: 273:. It was founded in 1972. At the time the bank closed in February 2015, it had $ 5.9 billion in assets and 26 branches. 916: 319: 749: 441: 515: 339: 901: 860: 576: 334: 17: 834:"Doral Financial Bankruptcy Plan Effective - Daily Bankrupt Company Updates | Bankrupt Company News" 242: 547: 315: 299: 270: 98: 833: 291: 211: 188: 165: 37: 8: 387: 757: 492: 449: 129: 77: 72: 67: 62: 647: 598: 569:"Doral Bank Takes First in American Bankers Association Financial Marketing Awards" 145: 349: 262: 137: 782: 698: 48: 885: 761: 453: 311: 149: 56: 875: 282: 102: 724:"FDIC closes Doral Bank; Banco Popular to pick up $ 3.25B of its assets" 673:"FDIC closes Doral Bank; Banco Popular to pick up $ 3.25B of its assets" 344: 318:. It was the largest bank failure in the United States in 2015 and the 176: 325:
It then filed for Chapter 11 bankruptcy protection on March 11, 2015.
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Companies formerly listed on the New York Stock Exchange
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Companies that filed for Chapter 11 bankruptcy in 2015
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Daily Bankrupt Company Updates | Bankrupt Company News
645: 596: 865: 328: 466: 808:"Doral Financial files for Chapter 11 bankruptcy" 883: 805: 516:"Source of Pride: The Puerto Rico Bank Invasion" 780: 696: 747: 439: 413:Corrigan, Tom; Zheng, Anjie (12 March 2015). 412: 27:Former Puerto Rican financial holding company 748:Kuriloff, Aaron; Tracy, Ryan (2015-02-28). 440:Kuriloff, Aaron; Tracy, Ryan (2015-02-28). 370: 368: 366: 364: 897:Companies based in San Juan, Puerto Rico 750:"Doral Bank Fails After Years of Tumult" 442:"Doral Bank Fails After Years of Tumult" 721: 670: 394:. Federal Deposit Insurance Corporation 361: 14: 912:American companies established in 1972 884: 497:: CS1 maint: archived copy as title ( 937:2015 disestablishments in Puerto Rico 375:Doral Financial Corporate Information 781:Kuehner-Hebert, Katie (2015-03-02). 697:Kuehner-Hebert, Katie (2015-03-02). 510: 508: 806:Dwivedi, Anupama (March 11, 2015). 24: 932:1972 establishments in Puerto Rico 927:Bank failures in the United States 722:Lincoff, Nina (27 February 2015). 671:Lincoff, Nina (27 February 2015). 322:bank failure in American history. 281:Doral Financial Corporation was a 25: 948: 854: 505: 329:Direct competition in Puerto Rico 868: 730:. South Florida Business Journal 679:. South Florida Business Journal 227: 226: 206: 205: 183: 182: 160: 159: 36: 826: 799: 774: 741: 715: 690: 664: 639: 615: 590: 561: 532: 433: 406: 380: 340:Oriental Financial Group, Inc. 243:Doral Bank Puerto Rico Website 13: 1: 648:"Communitas Awards - Winners" 599:"Communitas Awards - Winners" 355: 922:Banks disestablished in 2015 783:"Doral Bank's Struggles End" 699:"Doral Bank's Struggles End" 646:www.wantabetterwebsite.com. 597:www.wantabetterwebsite.com. 546:. 2014-07-02. Archived from 335:Banco Popular de Puerto Rico 312:Banco Popular de Puerto Rico 7: 259:Doral Financial Corporation 247:Doral Bank New York Website 80: No Information: DRLCQ 75: No Information: DORPQ 70: No Information: DOROQ 65: No Information: DORNQ 31:Doral Financial Corporation 10: 953: 276: 251:Doral Bank Florida Website 917:Banks established in 1972 520:www.puertorico-herald.org 421:. The Wall Street Journal 238: 220: 197: 174: 155: 125: 117: 109: 94: 84: 54: 44: 35: 652:www.communitasawards.com 603:www.communitasawards.com 142:Institutional securities 187:–$ 21.1 million 271:San Juan, Puerto Rico 121:San Juan, Puerto Rico 902:Banks of Puerto Rico 292:Golden Mile District 150:Residential mortgage 754:Wall Street Journal 728:www.bizjournals.com 677:www.bizjournals.com 446:Wall Street Journal 222:Number of employees 32: 138:Commercial lending 30: 256: 255: 234: 216: 193: 170: 130:Checking accounts 16:(Redirected from 944: 878: 873: 872: 871: 849: 848: 846: 845: 830: 824: 823: 821: 819: 803: 797: 796: 794: 793: 778: 772: 771: 769: 768: 745: 739: 738: 736: 735: 719: 713: 712: 710: 709: 694: 688: 687: 685: 684: 668: 662: 661: 659: 658: 643: 637: 636: 634: 633: 619: 613: 612: 610: 609: 594: 588: 587: 585: 584: 575:. Archived from 565: 559: 558: 556: 555: 536: 530: 529: 527: 526: 512: 503: 502: 496: 488: 486: 485: 476:. Archived from 470: 464: 463: 461: 460: 437: 431: 430: 428: 426: 410: 404: 403: 401: 399: 384: 378: 372: 232: 230: 229: 214: 209: 208: 202: 191: 186: 185: 168: 164:$ 545.4 million 163: 162: 146:Consumer finance 40: 33: 29: 21: 952: 951: 947: 946: 945: 943: 942: 941: 882: 881: 874: 869: 867: 857: 852: 843: 841: 832: 831: 827: 817: 815: 804: 800: 791: 789: 779: 775: 766: 764: 746: 742: 733: 731: 720: 716: 707: 705: 695: 691: 682: 680: 669: 665: 656: 654: 644: 640: 631: 629: 621: 620: 616: 607: 605: 595: 591: 582: 580: 567: 566: 562: 553: 551: 538: 537: 533: 524: 522: 514: 513: 506: 490: 489: 483: 481: 474:"Archived copy" 472: 471: 467: 458: 456: 438: 434: 424: 422: 411: 407: 397: 395: 386: 385: 381: 373: 362: 358: 350:Banco Santander 331: 279: 263:holding company 223: 210:$ 10.2 billion 198: 179: 148: 144: 140: 136: 132: 76: 71: 66: 59: 28: 23: 22: 15: 12: 11: 5: 950: 940: 939: 934: 929: 924: 919: 914: 909: 904: 899: 894: 880: 879: 864: 863: 856: 855:External links 853: 851: 850: 825: 798: 773: 740: 714: 689: 663: 638: 627:mediarumba.com 614: 589: 560: 531: 504: 465: 432: 405: 379: 359: 357: 354: 353: 352: 347: 342: 337: 330: 327: 278: 275: 254: 253: 240: 236: 235: 224: 221: 218: 217: 203: 195: 194: 180: 175: 172: 171: 157: 153: 152: 127: 123: 122: 119: 115: 114: 111: 107: 106: 96: 92: 91: 86: 82: 81: 60: 55: 52: 51: 46: 42: 41: 26: 9: 6: 4: 3: 2: 949: 938: 935: 933: 930: 928: 925: 923: 920: 918: 915: 913: 910: 908: 905: 903: 900: 898: 895: 893: 890: 889: 887: 877: 866: 862: 861:Official site 859: 858: 839: 835: 829: 813: 809: 802: 788: 784: 777: 763: 759: 755: 751: 744: 729: 725: 718: 704: 700: 693: 678: 674: 667: 653: 649: 642: 628: 624: 618: 604: 600: 593: 579:on 2016-12-21 578: 574: 570: 564: 550:on 2016-12-20 549: 545: 541: 535: 521: 517: 511: 509: 500: 494: 480:on 2013-10-29 479: 475: 469: 455: 451: 447: 443: 436: 420: 416: 409: 393: 389: 383: 377:by Forbes.com 376: 371: 369: 367: 365: 360: 351: 348: 346: 343: 341: 338: 336: 333: 332: 326: 323: 321: 317: 313: 307: 303: 301: 297: 293: 287: 284: 274: 272: 268: 264: 260: 252: 249: 248: 244: 241: 237: 225: 219: 213: 204: 201: 196: 190: 181: 178: 173: 167: 158: 154: 151: 147: 143: 139: 135: 131: 128: 124: 120: 116: 113:February 2015 112: 108: 104: 100: 97: 93: 90: 87: 83: 79: 74: 69: 64: 61: 58: 53: 50: 47: 43: 39: 34: 19: 876:Banks portal 842:. Retrieved 840:. 2016-10-31 837: 828: 816:. Retrieved 811: 801: 790:. Retrieved 786: 776: 765:. Retrieved 753: 743: 732:. Retrieved 727: 717: 706:. Retrieved 702: 692: 681:. Retrieved 676: 666: 655:. Retrieved 651: 641: 630:. Retrieved 626: 617: 606:. Retrieved 602: 592: 581:. Retrieved 577:the original 572: 563: 552:. Retrieved 548:the original 543: 534: 523:. Retrieved 519: 482:. Retrieved 478:the original 468: 457:. Retrieved 445: 435: 423:. Retrieved 418: 408: 396:. Retrieved 391: 382: 324: 320:30th largest 308: 304: 288: 280: 266: 258: 257: 245: 200:Total assets 118:Headquarters 45:Company type 573:www.snl.com 544:Banks Cloud 283:Puerto Rico 269:located in 103:Puerto Rico 886:Categories 844:2016-12-14 792:2016-12-14 767:2016-12-14 734:2016-12-14 708:2016-12-14 683:2016-12-14 657:2016-12-14 632:2016-12-15 608:2016-12-14 583:2016-12-14 554:2016-12-14 525:2016-12-14 484:2013-08-07 459:2016-12-14 356:References 345:Scotiabank 267:Doral Bank 177:Net income 18:Doral Bank 814:. Reuters 762:0099-9660 454:0099-9660 316:FirstBank 134:Insurance 57:Traded as 493:cite web 300:San Juan 296:Hato Rey 261:was the 126:Products 99:San Juan 85:Industry 78:OTC Pink 73:OTC Pink 68:OTC Pink 63:OTC Pink 812:Reuters 425:4 March 398:4 March 277:History 239:Website 156:Revenue 110:Defunct 95:Founded 89:Banking 818:May 5, 760:  452:  314:& 233:(2010) 231:1,154 215:(2010) 192:(2010) 169:(2010) 105:; 1972 49:Public 820:2016 758:ISSN 499:link 450:ISSN 427:2018 400:2018 392:FDIC 787:CFO 703:CFO 419:WSJ 302:. 294:of 265:of 212:USD 189:USD 166:USD 888:: 836:. 810:. 785:. 756:. 752:. 726:. 701:. 675:. 650:. 625:. 601:. 571:. 542:. 518:. 507:^ 495:}} 491:{{ 448:. 444:. 417:. 390:. 363:^ 298:, 101:, 847:. 822:. 795:. 770:. 737:. 711:. 686:. 660:. 635:. 611:. 586:. 557:. 528:. 501:) 487:. 462:. 429:. 402:. 20:)

Index

Doral Bank
Doral Financial logo.
Public
Traded as
OTC Pink
OTC Pink
OTC Pink
OTC Pink
Banking
San Juan
Puerto Rico
Checking accounts
Insurance
Commercial lending
Institutional securities
Consumer finance
Residential mortgage
USD
Net income
USD
Total assets
USD
Doral Bank Puerto Rico Website
Doral Bank New York Website
Doral Bank Florida Website
holding company
San Juan, Puerto Rico
Puerto Rico
Golden Mile District
Hato Rey

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