Doral Financial Corporation is a bank holding company organized in 1972 under the laws of the Commonwealth of Puerto Rico. It operates primarily in Puerto Rico and the New York City metropolitan area. The company manages its operations through four segments: banking, mortgage, insurance agency, and institutional securities. Its banking subsidiary, Doral Bank PR, operates 35 branch offices in Puerto Rico, accepting deposits, originating and investing in loans, and offering traditional banking services. Additionally, the company offers insurance through its subsidiary, Doral Insurance Agency, Inc. Before 2007, Doral Financial and its subsidiaries were involved in mortgage originations and related activities. However, as part of its business transformation, it transferred these activities to Doral Bank PR. The mortgage origination business is now conducted by Doral Mortgage, a subsidiary of Doral Bank PR. Doral Financial primarily operates in the Financial Services, Real Estate, and Banking industries. Despite its long history, the company's headquarters information and details regarding recent investments and investors are not available. Doral Financial's focus on the Puerto Rican and New York markets in the financial and real estate sectors provides potential opportunities for growth and expansion.
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