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R&G Financial posts $274,104 September net loss, zero interest income
By Jim Witters
Wilmington, Del., Oct. 21 - R&G Financial Corp. reported a net loss of $274,104 for September on zero interest income, according to the company's monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Puerto Rico.
The figures compare to a $53,266 net loss in August, also on zero interest income.
The company also reported cash and cash equivalents of $2.13 million as of Sept. 30, down from $2.39 million at the end of August, according to court documents.
R&G, a San Juan, Puerto Rico-based bank holding company, filed for bankruptcy on May 14, 2010. Its Chapter 11 case number is 10-04124.
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