Doral Financial in San Juan, Puerto Rico, didn't take long to find a new chief financial officer.
The $8 billion-asset company disclosed in a regulatory filing Thursday that David Hooston had returned to the company after a three-month leave to attend to personal family issues. He had been on administrative leave over that time.
It was good timing for Doral, which announced last week that Nancy Reinhard had resigned as principal accounting officer and acting CFO.
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.