SOURCE: Doral Financial Corportion

September 25, 2013 15:25 ET

Doral Bank Vice President Receives Community Service Award From Urban Revitalization Equity

PANAMA CITY, FL--(Marketwired - Sep 25, 2013) - Doral Bank, a subsidiary of Doral Financial Corporation (NYSE: DRL), today announced that Steve Bornhoft, Doral Bank Florida's marketing director, received a community service award from the Advisory Committee for Urban Revitalization Equity (ACURE), a civil-rights organization based in Panama City, FL.

ACURE cited Bornhoft for his volunteer efforts on behalf of several schools and charities, his contributions as a freelance journalist bringing public attention to deserving causes, and his work as a mentor in the life of a middle-school student.

"Steve is an incredible asset to our community. His volunteer work supports the development of children, helps the health and well-being of the vulnerable, and promotes the goals of our community focused organization," said Valerie Mincey, a member of ACURE's executive committee. Mincey is the president and chief executive officer of the Bay AIDS Service and Information Coalition, an organization dedicated to combating the spread of HIV/AIDS. Bornhoft serves as chairman of BASIC's board of directors.

"We need people like Steve to take the time to work with kids who need just a little bit more support," said Charlotte Marshall, a middle school principal and ACURE executive committee member. "Over the course of his time with one student, Steve went beyond the call of duty. He provided the support that the student needed to believe that he could succeed and instilled confidence and a sense of responsibility in this student, directly impacting his school performance." Bornhoft is a regular participant in the "Every Child: One Promise" program that works with children of incarcerated parents.

"We congratulate Steve on receiving a community service award from ACURE and take great pride in his accomplishments," said Raymond Powell, President of Doral Bank's Southeast Region. "Steve embodies that which we as an organization strive for on a daily basis -- to best serve the members of our respective communities."

In addition to his role at BASIC and Every Child, Bornhoft serves as the chairman of the school advisory council at Haney Technical Center, a vocational/technical center, a school board member and treasurer at Chautauqua Learn & Serve Charter School, a charter school serving disabled young adults, and on the development committee and as an adjunct professor at Florida State University-Panama City. He received the university's coveted "Notable 'Nole" award in November 2010.

"I am honored and humbled by ACURE's recognition," Bornhoft said. "This award represents the work of an entire community striving to improve the lives of its members. Doral is proud to be a community banking institution and, as such, it has always encouraged me and my fellow employees to be active in our respective communities. Together we can, and will, continue to affect positive change throughout our communities."

ACURE, established in 1983, awards scholarships to minority students and gives voice to concerns of the black community. It was instrumental in bringing about changes to voting laws that made possible the election of a black resident for the first time to the City Commission in Panama City.

To learn more about Doral's community initiatives, please visit

About Doral Bank
Doral Bank is a leading community bank serving Puerto Rico and the US mainland with branches in Florida and New York, as well as the entire mainland U.S. through its national online bank, Doral Direct. Doral Bank is a member of the FDIC and a wholly owned subsidiary of Doral Financial Corporation (NYSE: DRL).