Chart - you can draw at the chart
Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Doral Financial Corporation
Former type
Public
Traded as OTC Pink No Information: DORNQ
OTC Pink No Information: DOROQ
OTC Pink No Information: DORPQ
OTC Pink No Information: DRLCQ
Industry Banking
Founded San Juan, Puerto Rico; 1972
Defunct February 2015
Headquarters San Juan, Puerto Rico
Key people

Glen Wakeman
President and (CEO)

Enrique Ubarri
(General Counsel)
Products Checking Accounts
Insurance
Commercial Lending
Institutional Securities
Consumer Finance
Residential Mortgage
Revenue Decrease $545.4 million USD (2010)
Net income
Decrease –$21.1 million USD (2010)
Total assets Decrease $10.2 billion USD (2010)
Number of employees
Decrease 1,154 (2010)
Website

Doral Bank Puerto Rico Website Doral Bank New York Website

Doral Bank Florida Website

Doral Bank Puerto Rico Website Doral Bank New York Website

The Doral Financial Corporation was the holding company of Doral Bank. It was founded in 1972. At the time the bank closed in February, 2015, it had $5.9 billion in assets and 26 branches.

Doral Financial Corporation(Doral Financial) was a Puerto Rico based diversified financial services company founded in 1972. In 1999 it established its first branch in New York. In 2006 the Board of Directors appointed Glen Wakeman as President and CEO. Through its wholly owned subsidiaries, Doral Financial offered a variety of banking and insurance agency activities in Puerto Rico and the United States.

Its three main subsidiaries were Doral Mortgage and HF Mortgage, which were two of the largest mortgage companies in Puerto Rico. It also owned Doral Bank whose headquarters was located at 1451 F.D. Roosevelt Avenue, near the Golden Mile District of Hato Rey, San Juan.

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 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.)

In January 2014 Marisa Spagnoletti withdrew her lawsuit that alleged that the bank and certain of its executives were involved in the death of her husband Maurice Spagnoletti, an executive at the bank at the time of his death.

On Friday, 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 Banco Popular de Puerto Rico & FirstBank. It was the largest bank failure in the United States in 2015 and the 30th largest bank failure in American history.

It then filed for Chapter 11 bankruptcy protection on March 11, 2015.

Investment goal date:
Dividends reinvested
Doral Financial Corporation DRL report Q4 2013
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q4 2013
2014-03-21
0.0000
-8.0700
Q3 2013
2013-11-05
0.0000
-2.5700
Q2 2013
2013-08-14
0.0000
-2.0000
Q1 2013
2013-05-08
0.0000
-2.2000
Q4 2012
2013-03-13
0.0000
4.0000
Q3 2012
2012-11-09
0.0000
-5.4000
Q2 2012
2012-08-08
0.0000
-0.6000
Q1 2012
2012-05-15
0.0000
0.0000
Q4 2011
2012-01-19
0.0000
1.4000
Q3 2011
2011-11-09
0.0000
-5.2000
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
Major Shareholders
Name Relationship
Total Shares
Holding stocks
LEVIS SALOMON
7.9700% (530149)
DRL /
JACOBS DOUGLAS L
0.0300% (2000)
TWOMEY KEVIN M
0.0300% (2000)
ACXM / DRL / MDAS / PRE /
LEVIS DAVID RAFAEL
0.9500% (63375)
DRL /
LEVIS MARIO S
27.4300% (1824202)
DRL /
LEVIS DAVID
29.9200% (1990027)
DRL /
LEVIS ZOILA
14.9000% (990874)
DRL /
BAIER FRANK W
0.3800% (25000)
CNOB / DRL /
MELENDEZ RICARDO
0.3000% (20050)
DRL /
BRAVO ISRAEL
0.2400% (15775)
DRL /
KIER EFRAIM
0.2800% (18505)
DRL /
BONINI RICHARD F
14.9200% (992197)
DRL /
RIVERA-MUNICH FERNANDO
0.0300% (1750)
DRL /
CULLMAN EDGAR JR
5.6700% (376832)
DRL / GRIF /
Hoffman Peter A
0.0300% (1800)
DRL /
Mendez Jesus Francisco
1.1300% (75000)
DRL /
Soriano Lidio
0.7500% (50000)
BPOP / DRL /
Spagnoletti Maurice J
0.9700% (64545)
DRL /
Wakeman Glen
58.5500% (3894327)
DRL /
Ubarri Enrique R
0.4100% (27434)
DRL /
Blanco Lesbia
0.0200% (1454)
DRL /
Poulton Christopher C
0.5900% (39193)
DRL /
Vazquez Laura
3.7600% (250000)
DRL /
Gilleran James E.
0.5300% (35000)
DRL /
Buchert Dennis G.
0.3800% (25000)
DRL /
Quinlan Raymond J.
0.0300% (2000)
CIT / DRL / SLM /
Wahlman Robert E.
16.3800% (1089196)
CUBI / DRL /
% ()