| | Business Summary | | R&G
Financial
Corporation
is
a
financial
holding
company
that
operates
R&G
Mortgage
Corp.,
a
mortgage
company
in
Puerto
Rico,
R-G
Premier
Bank
of
Puerto
Rico
(the
Bank),
and
Home
and
Property
Insurance
Corporation.
R&G
Financial
also
operates
The
Mortgage
Store
of
Puerto
Rico,
Inc.,
and
through
the
Bank,
operates
Continental
Capital
Corporation,
a
mortgage
banking
company.
R&G
Financial
is
primarily
engaged
in
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,
and
the
holding
and
financing
of
mortgage
loans
and
mortgage-backed
and
related
securities
for
sale
or
investment.
R&G
Financial
also
originates
for
its
portfolio
commercial
real
estate
loans,
residential
construction
loans,
commercial
business
loans
and
consumer
loans.
Finally,
R&G
Financial
provides
a
variety
of
trust
and
investment
services
to
its
customers. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | RGFC
is
a
holding
co.
for
R&G
Mortgage
Corp.
and
R-G
Premier
Bank
of
Puerto
Rico.
For
the
six
months
ended
6/01,
total
interest
income
rose
15%
to
$127.4
million.
Net
interest
income
after
loan
loss
prov.
rose
16%
to
$35.5
million.
Net
income
applicable
to
Common
before
acct.
change
rose
44%
to
$25.2
million.
Net
interest
income
reflects
a
higher
average
loan
portfolio
and
a
higher
net
interest
margin.
Net
income
also
reflect
higher
gains
on
the
sale
of
loans. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Victor Galan, 67
Chairman,
CEO | $479K | Ramon Prats, 51
Vice
Chairman, Pres | 1.4M | Joseph Sandoval, 37
CFO | 216K | Victor Galan, 37
Director,
VP of Loan Production, Marketing and Bus. Devel. of R&G Mortgage | -- | Ana Armendariz, 68
Treasurer | -- | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/r/rgfc.gif)