SAN JUAN, Puerto Rico, Oct. 31 /PRNewswire-FirstCall/ -- R&G Financial Corporation (NYSE:RGF), a Puerto Rico chartered bank holding company, announced today that it has requested and received regulatory permission to pay its dividend obligations for both November and December on its four outstanding series of preferred stock, three of its trust preferred securities issues that have payments due in November and five of its trust preferred securities issues that have payments due in December. Regulatory approvals are necessary as a result of the Company's previously announced agreements with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and Commissioner of Financial Institutions of the Commonwealth of Puerto Rico.
R&G Financial Corporation, 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 R-G Premier Bank of Puerto Rico, R-G Crown Bank, its Florida-based federal savings bank, R&G Mortgage Corporation, Puerto Rico's second largest mortgage banker, Mortgage Store of Puerto Rico, Inc., a subsidiary of R&G Mortgage Corporation, 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 Bank of Puerto Rico's banking branches. DATASOURCE: R&G Financial Corporation CONTACT: Victor J. Galan, Chairman and CEO, +1-787-766-8301 Web site: http://www.rgonline.com/
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