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R&G Financial reports $58,734 December net loss, zero interest income
By Caroline Salls
Pittsburgh, Jan. 21 - R&G Financial Corp. reported a $58,734 net loss for December on zero interest income, according to its monthly operating report filed Jan. 20 with the U.S. Bankruptcy Court for the District of Puerto Rico.
In comparison, R&G posted $475,289 of net income for November, also on zero interest income.
The company had $5.88 million in cash and cash equivalents at Dec. 31, down from $5.91 million at the end of November.
R&G, a San Juan, Puerto Rico-based bank holding company, filed for bankruptcy on May 14, 2010. The Chapter 11 case number is 10-04124.
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