R&G Financial Corporation

On January 5, 2012, R&G Financial Corp. went out of business as per its Chapter 11 liquidation filing under bankruptcy. R&G Financial Corporation, through its subsidiaries, provides banking, mortgage banking, investments, consumer finance, and insurance services in Puerto Rico and the continental United States. It offers various banking services, such as commercial banking, corporate real estate and business lending, residential construction lending, consumer lending, and credit cards, as well as provides a range of deposit instruments that comprise passbook, NOW, checking and commercial checking, and certificates of deposit. The company also offers trust and investment services through its private banking department and broker-dealer. In addition, R&G Financial offers a range of real estate secured lending activities, including the origination, servicing, purchase, and sale of mortgages on single-family residences; the securitization and sale of various mortgage-backed and related securities; the holding and financing of mortgage loans, and mortgage-backed and related securities for sale or investment; and the purchase and sale of servicing rights associated with such mortgage loans. As of August 1, 2005, it operated 33 banking branches and 56 mortgage offices in Puerto Rico; 15 banking branches in the Orlando and Tampa/St. Petersburg areas of Florida; and 4 mortgage offices in New York and North Carolina. The company was incorporated in 1996 and is based in San Juan, Puerto Rico.