SAN JUAN, Puerto Rico, March 13 /PRNewswire-FirstCall/ -- R&G Financial Corporation (NYSE:RGF) (the "Company") announced today that Jose A. Diaz has agreed to join its R-G Premier Bank of Puerto Rico subsidiary ("Premier Bank") as its President. Mr. Diaz's appointment is effective March 20, 2006. Mr. Diaz joins Premier Bank with almost 30 years of experience in the banking industry. Mr. Diaz most recently served as the President and Chief Executive Officer of CitiFinancial Services of PR, Inc., a consumer finance and community-based lending services subsidiary of Citigroup with over 80 branches and nearly 1000 employees. From 1993 to 2000, Mr. Diaz was the Executive Vice President- Individual Business of Banco Santander with responsibility for the Bank's consumer portfolio, its mortgage bank's portfolios and the marketing department. Prior to his tenure at Banco Santander, Mr. Diaz held various positions with The Chase Manhattan Bank and Banco De Ponce. Mr. Diaz received his undergraduate degree in Business Administration -- Marketing/Finance from the University of Puerto Rico, his MBA specializing in Finance from Interamerican University, and his MA specializing in Retail Bank Management from the University of Virginia.
Mr. Diaz will be replacing Mario Ruiz, who resigned from his position in January 2006.
The Company, currently in its 34th year of operation, is a diversified financial holding company with operations in Puerto Rico and the United States, providing banking, mortgage banking, investments, consumer finance and insurance through its wholly owned subsidiaries Premier Bank, R-G Crown Bank, its Florida-based federal savings bank; R&G Mortgage Corp., Puerto Rico's second largest mortgage banker; Mortgage Store of Puerto Rico, Inc., a subsidiary of R&G Mortgage; R-G Investments Corporation, the Company's Puerto Rico broker-dealer; and R-G Insurance Corporation, its Puerto Rico insurance agency. At December 31, 2005, the Company operated 34 bank branches in Puerto Rico, 33 bank branches in the Orlando, Tampa/St. Petersburg and Jacksonville, Florida, and Augusta, Georgia markets, and 63 mortgage offices in Puerto Rico, including 32 facilities located within R-G Premier's banking branches. DATASOURCE: R&G Financial Corporation CONTACT: Victor J. Galan, Chairman and CEO, +1-787-766-8301, Vicente Gregorio, Executive Vice President and CFO, +1-787-756-2930, both of R&G Financial Corporation Web site: http://www.rgonline.com/
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