You're viewing Docket Item 30.4 from the case Doral Bank Puerto Rico v. Washington Mutual Asset Acceptance Corporation et al. View the full docket and case details.

Download this document:


Page 1

1 of 100 DOCUMENTS

Copyright 2006 SourceMedia, Inc.

All Rights Reserved
American Banker

September 11, 2006 Monday

SECTION: MARKETS; Pg. 23 Vol. 171 No. 174

LENGTH: 211 words

HEADLINE: In Brief: Countrywide Exec Named Doral Treasurer

BYLINE: Matthias Rieker


Doral Financial Corp. said Friday that it has hired an executive from

Countrywide Financial Corp., Marangal I. Domingo, as its treasurer

Mr. Domingo, 45, is to join Doral this month. He has been an executive

vice president for finance and strategy for Countrywide's banking subsidiary.

Mr. Domingo worked for seven years at Washington Mutual Inc., including a

stint as its treasurer until February 2003. He left the Seattle thrift company

in January 2004 to join Downey Financial Corp., where he was its chief

executive for six months.

Doral ran into problems in early 2005 over its accounting for

interest-only securities and certain loan transactions, and had to restate

years of earnings. Earlier this year it entered into a cease-and-desist order

with its regulators. Its problems caused an avalanche of issues at many Puerto

Rican banking companies.

Doral has since replaced most of its senior executives, some of them

In Brief: Countrywide Exec Named Doral Treasurer American Banker September 11, 2006 Monday

Page 2

twice. Mr. Domingo is replacing Julio R. Micheo, who became treasurer in

August 2005 after the departure of Mario S. Levis.

Two weeks ago Doral announced it had hired Calixto Garcia-Velez, the

president of Citigroup's Citibank West FSA, to head consumer and commercial

lending and its main bank subsidiary.

LOAD-DATE: September 15, 2006