Doral Taps Ex-Official as CEO

Antonio F. Faria, a former commissioner of financial institutions in Puerto Rico, has been named chief executive officer of Doral Bank, a subsidiary of residential mortgage lender Doral Financial Corp., San Juan, Puerto Rico, which recently announced a management shake-up.Mr. Faria joined Doral in June as president of Doral Money Inc., a New York-based subsidiary of Doral Bank, Doral said. He was previously president of the Government Development Bank and president of the Economic Development Bank, as well as Puerto Rico's commissioner of financial institutions. Doral Financial recently announced the termination of its chief financial officer and the resignation of several senior executives in connection with the company's financial restatement process. Zoila Levis, the company's president, chief operating officer, and recently named vice chairman, said Doral Financial has "significant plans" for Doral Bank, citing "outstanding cross-selling opportunities" with its mortgage lending subsidiaries, among other things.