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R&G Financial reports $82,973 net loss for August, no interest income
By Caroline Salls
Pittsburgh, Sept. 21 - R&G Financial Corp. reported an $82,973 net loss for August on zero total interest income, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Puerto Rico.
In comparison, the company posted an $82,636 net loss for July on $80 in total interest income.
The company had $5.71 million in cash and cash equivalents at Aug. 31, up from $3.5 million at the end of July.
R&G, a San Juan, Puerto Rico-based bank holding company, filed for bankruptcy on May 14. The Chapter 11 case number is 10-04124.
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