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Doral Bank FSB

Overview:

Doral Bank New York is a regional component of Doral Bank, a federal savings bank that is committed to re-establishing a significant retail presence in New York City.

The bank, which was founded in 1999, has both the experience and the expertise to realize that goal. It formerly operated a substantial branch network that performed very well and enjoyed an outstanding reputation in the New York banking community as a profitable, well-managed financial institution that consistently earned excellent ratings from regulators.

Doral Bank is well capitalized and today has a coveted four-star rating from bankrate.com, a highly regarded private bank rating service.On December 15th, 2010, Doral opened a branch at Third Avenue and 52nd Street, and in the near term has plans on opening another at 26th Street and Park Avenue South.

Doral Bank New York is committed to supplying its customers with a full complement of financial products and services while emphasizing convenience, reliability and conformity with the highest ethical standards. It is engaged in diversified loan programs in areas including residential; multifamily; commercial real estate; and commercial and industrial lending.

Doral Bank is a wholly owned subsidiary of Doral Financial Corporation, which is publicly traded on the New York Stock Exchange under ticker symbol, DRL.

In 2010, Doral Bank entered the Florida market for the first time, opening branches in Panama City and Pensacola. Both got off to strong starts, quickly exceeding expectations.

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