Salomon levis biography

by Steve Howard

Doral Bank opened in New York City this January with lots of good news for the Jewish, and other ethnic communities. The bank's founder and CEO has an interesting Jewish background. But first, here are some of the reasons we felt you and all our readers would be interested in Doral Bank.

Yes, Doral Bank is a full service bank. There plan is to open branches in neighborhoods with ethnic concentrations, adjusting to the specific needs of the community. In relation to the Jewish neighborhoods, it means closed on Saturday and open on Sunday. Doral is definitely offering more benefits than other banks. To begin with, Doral prides itself with its specialty - highly personalized customer service. They are interested in business clients as well as individual customers.

Doral brings to New York a fresh source of money for mortgages as well as loans for small and mid-sized firms, real estate companies, and start-up ventures. Mr. Richard Bonini, Sr. Executive Vice President, recently approved a $5 million loan to a business in Boro Park, Brooklyn.

The bank offers free checking account service with no minimum balance required, unlimited transactions and no per-check fee. Doral also offers tiered-interest savings accounts with interest rates that inflate with larger balances.

Wait, there's more. Doral has a special 18-month certificate of deposit, which carries an annual percentage yield (APY) of 6.45 percent. Plus a CD/IRA account with an annual percentage yield (APY) of 7.5 percent for 2� years for up to $100,000 per customer.

Presently, Doral's headquarters is located at 387 Park Avenue South at 27th Street in Manhattan, opens at 8 a.m. and closes at 6pm, early in the week, but remains open to 7pm. Thursday and Friday. At the moment, this branch opens Saturday 9am to 6pm.

As Doral opens in local neighborhoods their hours will reflect the needs of the community, and will alw

Maurice Spagnoletti was hired to clean up Doral Bank. Did he uncover something that got him killed?

On the day Maurice Spagnoletti was murdered, his black Lexus sedan was full of balloons. It was June 15, 2011, the day before his wife’s birthday, and he was planning a celebration.

Spagnoletti, 57, was the No. 2 executive at Doral Bank in San Juan, Puerto Rico. Once flush, the bank had been almost ruined by a fraud scandal, and in 2007 it was rescued by Bear Stearns, Goldman Sachs, and a group of hedge funds. The Wall Street investors had put up $610 million, but Doral continued to lose money, and they were losing patience. In late 2010, Doral hired Spagnoletti, a New Jerseyan experienced in managing large banks, with orders to reduce costs and get Puerto Rican operations under control.

When the banker arrived on the island, he made a good first impression. At 6 feet 2 inches and about 250 pounds, with a strong Jersey accent and hands that he used to punctuate his sentences, Spagnoletti reminded his new colleagues of Tony Soprano without the menace. He’d walk through the Doral office, stopping at underlings’ desks to get up to speed on who ran what and how.

The sun was setting on another muggy San Juan day as Spagnoletti pulled out of Doral’s bland office park downtown. His wife was waiting at home with their 6-year-old daughter. He’d flown his sister-in-law in for the party, too. The drive to his condo on palm-tree-lined Condado Beach took just 15 minutes when there wasn’t traffic. But a few minutes after Spagnoletti got onto the highway, he slowed for a backup on a bridge over a canal. Another car pulled up alongside his. Someone fired at least nine shots from a .40-caliber handgun, shattering his windows, and four bullets hit him in the head. Spagnoletti’s momentum sent his car veering off the highway, and it came to a stop in a thicket of tropical brush. The police arrived, and at 7:21 p.m. they pronounced him dead.

The identities of Spagn

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December 20, 2001
Copyright © 2001 CARIBBEAN BUSINESS. All Rights Reserved.

Marathon man: 2001 has marked a milestone in Doral Financial Corp.’s phenomenal growth in the past few years. But for Chairman and CEO Salomon Levis, retaining the undisputed title of top mortgage banker in Puerto Rico is a long-distance race.

He’s Puerto Rico’s top mortgage banker, at the helm of a corporation with four mortgage lending subsidiaries–HF Mortgage, Doral Mortgage, SANA Investment and Centro Hipotecario--which together provide 45% of all mortgage loans in Puerto Rico.

As Chairman of the Board and Chief Executive Officer (CEO) of Doral Financial Corp., he also oversees Doral Bank, Puerto Rico’s fastest growing commercial bank for the past two years in a row.

And on the U.S. mainland, his Doral Bank New York is making major inroads (CB Feb. 8), receiving accolades for state-of-the-art, personalized service to the Big Apple’s chronically underserved minority groups.

The man we’re describing is, of course, none other than Salomon Levis, CARIBBEAN BUSINESS’ 2001 Person of the Year in the private sector.

Salomon Levis is a big man and, no doubt about it, he also "thinks big." But when he founded HF Mortgage with his brother David and his sister Zoila nearly 30 years ago, little did he imagine the enormous extent to which HF and Doral would grow.

This past summer, the prestigious Investors Business Daily (July 11) ranked Doral Financial Corp. No. 1 out of 29 finance-mortgage and related services group stocks in the entire U.S.

In the publication, Doral Financial received the No. 1 ranking in all four categories that were rated: overall rank, technical rank, fundament

$5.13 Million

Estimate Recalculated Sep 8, 2024 07:26PM EST

Who is Salomon Levis?

Salomon Levis has an estimated net worth of $5.13 Million. This is based on reported shares in DORAL FINANCIAL CORP.

SEC CIK

Salomon Levis's CIK is 0000946158

Past Insider Trading and Trends

2004 was Salomon Levis's most active year for acquiring shares with 1 total transactions. Salomon Levis's most active month to acquire stocks was the month of December. 2003 was Salomon Levis's most active year for disposing of shares, totalling 41 transactions. Salomon Levis's most active month to dispose stocks was the month of September. 2004 saw Salomon Levis paying a total of $0.00 for 600,000 shares, this is the most they've acquired in one year. In 2003 Salomon Levis cashed out on 100,000 shares for a total of $5,132,041.00, their largest year based on trade value.