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R&G Financial posts $40,555 October net loss on zero interest income
By Caroline Salls
Pittsburgh, Nov. 22 - R&G Financial Corp. reported a net loss of $40,555 for October on zero interest income, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Puerto Rico.
The figures compare to a $274,104 net loss posted for September, also on zero interest income.
Cash and cash equivalents were $2.1 million as of Oct. 31, down from $2.13 million at the end of September, 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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