Add hiring a new chief financial officer to Doral Financial's growing list of headaches.
The $8 billion-asset San Juan, Puerto Rico, company disclosed in a regulatory filing Friday that Nancy Reinhard will resign as acting CFO and principal accounting officer, effective Monday. Doral said it is working to fill the positions.
Reinhard, a former executive at ING Direct, joined Doral as principal accounting officer in 2012. She became acting CFO last October, succeeding David Hooston, who was placed on administrative leave to attend to family issues.
Reinhard wrote in a letter to Glen Wakeman, Doral's chief executive, that she was leaving to "pursue other opportunities" and that no disagreements led to her departure. "If needed, I am willing to act in a consulting capacity to ensure a smooth transition for a period of time," she added.
Doral has been looking for ways to raise capital and comply with an order from the Federal Deposit Insurance Corp. The company has also been fighting a legal battle against the Puerto Rican government for a $230 million tax refund. The territory's government has refused to turn over the money, and the FDIC has refused to accept any capital plan that counts the funds toward capital levels.
