Doral Financial Corporation (DRL) Reports Earnings for the Q3 Ended September 30, 2009

Doral Financial Corporation (NYSE: DRL), the holding company of Doral Bank, a leading community bank based in Puerto Rico, announced the filing of its Quarterly Report on Form 10-Q for the quarter ended September 30, 2009 reporting net income of $13.2M, compared to a net loss of $1.8M for the comparable 2008 period.

“Our improving financial performance is a consequence of our focus on fundamentals, our clients and community. However, we continue to operate in a difficult market and economic environment and preserving capital and liquidity will remain a priority,” said Glen R. Wakeman, President and CEO of Doral Financial Corporation.