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The Municipality of Bayamon and Doral Bank Announce Art Initiative to Encourage Entrepreneurship Among Women

The Partnership Supports Doral Bank's "Mujeres d Exito" program

BAYAMON, PR -- (Marketwired) -- 11/19/13 -- Bayamón mayor, Ramón Luis Rivera Cruz, and Doral Bank, a wholly owned subsidiary of Doral Financial Corporation (NYSE: DRL) and a leading community bank in Puerto Rico, announced that 25 women with artistic abilities will participate in a free three-month educational program by the Art Workshop ("Taller de Arte del Municipio de Bayamón" in Spanish), the objective of which is to further encourage and enhance the participants' artistic abilities and techniques. The program, which will start in January 2014, is among a number of initiatives designed to encourage and empower women to develop their own business.

"The idea is to open up avenues for self-employment for women with artistic interests. Women represent an important but often underutilized force in an economy. In Puerto Rico, where we all are trying to create a stronger economy, women can and should play a vibrant role. Entrepreneurship offers the potential of capital creation and jobs - all of which enhance the well being of the community. 'Taller de Arte del Municipio de Bayamón' is being undertaken to help women realize their economic potential through their artistic capabilities, including the possibility of establishing their own business in a related work field," the mayor said.

In addition, Bayamón will not charge participants with small businesses their registration tax for a year, so that they have the chance to promote the economic development of the city.

"With this unique program, Doral is adding a further important dimension to its community Mujeres d Éxito initiative. Doral is committed to encouraging entrepreneurial development among women in the island by providing important business development tools. As women receive more opportunities to become entrepreneurs, Puerto Rico's economy increases its potential," said Jesús Méndez EVP for Doral Bank Puerto Rico Operations

Mayor of Rivera Cruz and Doral Bank also announced that Doral Bank will sponsor for the next year the Hall of Women at the Bayamón Art Museum and that Bayamón will acquire a repossessed home from Doral to rehabilitate as part of the Mayor's plan to revitalize the city's center to include a vibrant residential area.

At the Bayamón Art Museum, the Hall of Women will highlight local women's artwork.

To qualify for participation in "Taller de Arte del Municipio de Bayamón," candidates must have artistic ability; demonstrate economic need; and be a resident of Bayamon.

For more information, candidates for "Taller de Arte del Municipio de Bayamón" should contact the Bayamón Art Museum at 787.269.4433.

To learn more about Doral's community initiatives, please visit:

About Doral Bank

Doral Bank is a leading community bank, based in San Juan, Puerto Rico. Doral serves its customers in both Puerto Rico and the US mainland. On the US mainland, Doral has branches in Florida and New York as well as its national online bank, Doral Direct. Doral Bank is a member of the FDIC and a wholly owned subsidiary of Doral Financial Corporation (NYSE: DRL).

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