SAN JUAN, Puerto Rico, Sept. 22, 2014 /PRNewswire-HISPANIC PR WIRE/ — Following today’s trial in the Doral Financial Corporation v. Hacienda court case, Doral Legal Counsel Matthew D. McGill issued the following statement:

“We are grateful to have had the opportunity to present our case in court and to require Hacienda finally to explain its basis for attempting to nullify the tax agreement it signed just two years ago.  Hacienda’s theories have shifted radically over the course of this litigation, but throughout the trial, the court listened attentively to the evidence, asked insightful questions of both sides, and all while kept the parties focused on the question whether Hacienda had a legal basis for its actions.  It is regrettable that Doral had to sue Hacienda to compel it to live up to its obligations, but we remain confident in the rule of law and that it will prevail.”

For more information on case of Doral vs. the Hacienda and events leading up to the trial, visit www.DoralPuertoRicoFacts.com.

Doral Financial Corporation is a bank holding company engaged in banking, mortgage banking and insurance agency activities through its wholly-owned subsidiaries Doral Bank, with operations on the mainland U.S. (New York metropolitan area and northwest region of Florida) and Puerto Rico. Doral Financial Corporation’s common shares trade on the New York Stock Exchange under the symbol DRL.

Contact: Miriam Warren 202-722-2186