SOURCE: Doral Financial Corportion

October 03, 2013 18:29 ET

Doral Financial Corporation Announces David Hooston, Highly Experienced Financial Services Executive, as Chief Financial Officer

SAN JUAN, PR--(Marketwired - Oct 3, 2013) - Doral Financial Corporation (NYSE: DRL) ("Doral", "Doral Financial" or the "Company"), the holding company of Doral Bank, with operations in Puerto Rico and the U.S., today announced the appointment of David Hooston, a highly experienced financial services professional, as Chief Financial Officer and Executive Vice President.

"David's joining Doral senior management team is further validation of the progress our company is achieving in building the Doral brand in both Puerto Rico and the mainland U.S. His extensive experience in financial services and knowledge of the financial services market enhances the strength of Doral," said Glen Wakeman, CEO of Doral Financial Corporation.

Prior to joining Doral, Mr. Hooston was Managing Partner of Granite Bay Partners, LLC during 2013 and from 2007 to 2009. Granite Bay Partners is a financial institution consulting and private equity firm that invests in banking institutions and financial services businesses in the Western United States.

From 2009 to 2012, Mr. Hooston was Chief Financial Officer of HomeStreet, Inc. (NASDAQ: HMST) a diversified financial services company headquartered in Seattle, Washington. From 1995 to 2007, he held several senior management responsibilities at Placer Sierra Bancshares (a California-based bank holding company), including President and Chief Operating Officer and Chief Financial Officer and Mr. Hooston has a BA in Business Economics from University of California - Santa Barbara and is a Certified Public Accountant.