Doral, One Of Puerto Rico’s Largest Banks, Shutdown By Regulators

0
Doral, One Of Puerto Rico’s Largest Banks, Shutdown By Regulators

The Office of the Commissioner of Financial Institutions of Puerto Rico shutdown Doral Bank on Friday. The Commissioner appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.

According to the FDIC, Doral Bank had approximately $5.9 billion in total assets and $4.1 billion in total deposits and of December 31, 2014.

Doral Bank is the fourth FDIC-insured financial institution that failed this year. It is the first bank to shutdown in Puerto Rico.

RV Capital 1H22 Letter to Co-Investors in Business Owner

write 1603127795RV Capital Co-Investor Letter for the first half ended June 2022. Q2 2022 hedge fund letters, conferences and more Dear Co-Investors,