Commitments and Contingencies

6 Months Ended

Jun. 30, 2011

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

25. Commitments and Contingencies

Total minimum rental and operating commitments for leases in effect at June 30, 2011, were as follow:

(In thousands)
	2012	$	6,225
	2013		6,191
	2014		5,408
	2015		5,183
	2016		5,049
	2017 and thereafter		22,860
		$	50,916

Rent expense for the quarter and six month period ended June 30, 2011 totalled approximately $2.2 million and $4.3 million, respectively, compared to $1.7 million and $3.4 million, respectively for the corresponding 2010 periods.

Doral Financial and its subsidiaries are defendants in various lawsuits or arbitration proceedings arising in the ordinary course of business, including employment related matters. Management believes, based on the opinion of legal counsel, that the aggregated liabilities, if any, arising from such actions will not have a material adverse effect on the financial condition or results of operations of Doral Financial.

Since 2005, Doral Financial became a party to various legal proceedings, including regulatory and judicial investigations and civil litigation, arising as a result of the Company's restatement. For additional information on Legal Matters and Banking Regulatory Matters refer to Note 32 of the financial statements on the Company's 2010 Annual Report on Form 10-K.