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Doral Financial Corp. (DRL) Names Robert E. Wahlman CFO

March 25, 2009 5:35 PM EDT
DRL Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)

EPS Growth %: +1,900.0%
Doral Financial Corporation (NYSE: DRL) announced the appointment of Robert E. Wahlman, a banking industry veteran, as the Company's new Chief Financial & Investment Officer. Mr. Wahlman is succeeding Marito Domingo, who led Doral's finance function as the Company successfully recapitalized and repositioned itself as a leading community banking organization. Mr. Domingo will be assisting Doral in its transition process.

Mr. Wahlman joins Doral with 25 years of experience in bank accounting and finance management. Most recently, he served as Chief Financial Officer of Merrill Lynch Bank USA and Merrill Lynch Bank & Trust, where he had oversight for the financial management, internal controls structure and financial reporting of a grouping of U.S.-based banks with approximately $100 billion in aggregate assets. Prior to that, Mr. Wahlman served in a number of key senior finance roles at financial services companies such as CIGNA Corporation and Bank One Corporation.

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