http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=848111&ProfileId=051205&sourceType=1SAN JUAN, PR -- (Marketwire) -- 02/03/12 -- Doral Financial Corporation (NYSE: DRL) ("Doral Financial"), the holding company of Doral Bank, with operations in Puerto Rico and the U.S., today confirmed that it has regained compliance with the New York Stock Exchange, Inc.'s ("NYSE") continued listing standards.
On December 14, 2011, Doral Financial received notification from the NYSE that it was not in compliance with Section 802.01C of the NYSE Listed Company Manual, which requires an average closing price of not less than $1 per share over a consecutive 30-trading day period. Doral Financial received confirmation on February 2, 2012 from the NYSE that it was in compliance with the NYSE's listing standards.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of, and subject to the protections of, the Private Securities Litigation Reform Act of 1995. In addition, Doral Financial Corporation may make forward-looking statements in other press releases, filings with the Securities and Exchange Commission ("SEC") or in other public or shareholder communications and its senior management may make forward-looking statements orally to analysts, investors, the media and others.
These forward-looking statements may relate to Doral Financial Corporation's financial condition, results of operations, plans, objectives, future performance and business, including, but not limited to, statements with respect to the adequacy of the allowance for loan and lease losses, market risk and the impact of interest rate changes, capital markets conditions, capital adequacy and liquidity, and the effect of legal proceedings, regulatory matters and new accounting standards and guidance on Doral Financial Corporation's financial condition and results of operations. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts, but instead represent Doral Financial Corporation's current expectations regarding future events.