Doral Financial (DRL) in San Juan, P.R., has appointed veteran banker David Hooston as chief financial officer and executive vice president.
Hooston succeeds interim CFO Penko Ivanov, who stepped in as a temporary replacement when CFO Robert Wahlman resigned from his position at the $7.9 billion-asset company in May, according to filings with the Securities and Exchange Commission. Wahlman has served as CFO of Customers Bancorp in Wyomissing, Pa., (CUBI) since August.
Hooston joins Doral from consulting and private equity firm Granite Bay Partners, where he worked as a managing partner in 2013 and from 2007 to 2009. He served as CFO of HomeStreet (HMST) in Seattle from 2009 to 2012 and held several senior management positions at Placer Sierra Bancshares in Sacramento, Calif., including president, chief operating officer, and CFO.
"David's joining Doral senior management team is further validation of the progress our company is achieving in building the Doral brand in both Puerto Rico and the mainland U.S.," Doral CEO Glen Wakeman said in a Thursday press release. "His extensive experience in financial services and knowledge of the financial services market enhances the strength of Doral."