Effective on June 13, 2011, Mr. Frank W. Baier resigned from the Board of ? Directors of Doral Financial Corporation (the "Company"). Given his ? resignation, Mr. Baier will not stand for election as a member of the Board of ? Directors of the Company at the 2011 Annual Meeting of Shareholders to be held ? on June 28, 2011. Mr. Baier resigned from his position in the Board of ? Directors of the Company in order to pursue an employment opportunity with ? another financial institution. Mr. Baier confirmed that there were no disputes ? or disagreements with the Company's management or the other members of the ? Board of Directors of the Company in connection with his decision to resign as ? a director of the Company. SIGNATURES Pursuant to the requirements of the ? Securities Exchange Act of 1934, the registrant has duly caused this report to ? be signed on its behalf by the undersigned hereunto duly authorized. ? ?
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