Doral Bank Report

March 31, 2014 James Heinsman In the News

In a recent interview reported in Seeking Alpha, CEO and President of Doral Financial Glen Wakeman, spoke about the firm’s Q4 2013 earnings.

Despite some of the losses the firm encountered he outlined the positive side of the firm’s activities.  He said:

“Our U.S. operations continued to execute extremely well. Assets now exceed $2.8 billion and we continue to maintain a track record of minimal delinquency. Also importantly we continue to grow our U.S. deposit base. We have now reached $1.7 billion in retail deposits and expect to continue to see solid growth during 2014. The U.S. operations are now essentially funding independent….once again our capital exceeds our regulatory requirements. So in a summary, we are making progress building a good bank that can offset the cost of a bad bank.”

He was joined in the interview by colleague Enrique R. Ubarri-Baragano and David E. Hooston.

David E. Hooston, Doral Bank, Enrique R. Ubarri-Baragano, Glen Wakeman, Seeking Alpha,

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