Doral Financial Corporation was the holding company of Doral Bank located in San Juan, Puerto Rico.[2] It was founded in 1972.[3] At the time the bank closed in February 2015, it had $5.9 billion in assets and 26 branches.[4]
History
Doral Financial Corporation was a Puerto Rico based diversified financial services company founded in 1972.[5] In 1999 it established its first branch in New York.[6] 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,[6]