Stock Report: Doral Financial Corp. (DRL) Report Updated: May 20, 2013 | Print This Page

Doral Financial Corporation operates as a bank holding company for Doral Bank that provides banking, mortgage banking, and insurance agency services. The company accepts deposits from the general public and institutions; obtains borrowings; originates and invests in loans, including residential real estate mortgage loans; invests in mortgage-backed securities and other investment securities; and offers traditional banking services. It also offers commercial and construction lending products; and purchases assigned interests in senior credit facilities from the syndicated leverage loan market in the United States. In addition, the company provides consumer loans, such as consumer credit, personal loans, and loans on savings deposits; and financing lease for equipment. Further, it offers commercial real estate loans; commercial loans, including lines of credit and term facilities; and construction lending products. Additionally, the company originates, purchases, and sells mortgage loans. It also offers property, casualty, life, and title insurance products primarily to its mortgage loan customers. The company operates a network of 29 branches in Puerto Rico; 2 branches in New York; and 5 branches in Florida. Doral Financial Corporation was founded in 1972 and is San Juan, Puerto Rico.