Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - R&G FINANCIAL CORP | g23862e8vk.htm |
Exhibit 99.1
| UNITEDSTATESBANKRUPTCYCOURT-DISTRICTOFPuertoRicoINRE:}CASENUMBER,-,</7}judge EnriqueLamoutteInclanDEBTOR}CHAPTER11DEBTOR’SSTANDARDMONTHLYOPERATINGREPORT(BUSINESS)FORTHEPERIOD,,F ROM5WS-WOTO^-BJ-lO/0Comesnowtheabove-nameddebtorandfilesitsMonthlyOperatingReportsinaccordancewithth eGuidelinesestablishedbytheUnitedStatesTrusteeandFRBP2015.> ^&rAttofae^iorDetnpj^SignatureDebtor’sAddressAttorney’sAddressandPhoneNumber:andPhoneNumber:/2Z5PdA/ cecJe£e<>A>Amu/f2t£QAftX»/iiw<S&a) cfiMtP,P-flpolo?-_^iU^T)c75^p|Note:TheoriginalMonthlyOperatingReportistobefiledwiththecourtandacopys imultaneouslyprovidedtotheUnitedStatesTrusteeOffice.MonthlyOperatingReportsmustbefiledbythe20*dayoft hefollowingmonth.ForassistanceinpreparingtheMonthlyOperatingReport,refertothefollowingresourcesonthe United.*StatesTrusteeProgramWebsite,http://www.usdoi.gov/ust/r21/reginfo.htm1)InstructionsforPrepara tionsofDebtor’sChapterIIMonthlyOperatingReport2)InitialFilingRequirements3)FrequentlyAskedQuestions( FAOs)http:/Avww.tisdoj.gov/usr/. |
| DDISBURSEMENTS->/*vA/£-2_ypANJTbNDINGS“3/"<ZO{Oid-< 3//AVSCHEDULEOFRECEIPTSANDDISBURSEMENTSFORTHEPERIODBEGINNING_’cWCaseNumberNameofDebtor:£t&Fln^doilCc fpdr^P”^DateofPetition:G~/¥*~ZO/OICURRENTMONTHCUMULATIVEPETITIONTODATE1.FUNDSATBEGINNINGOFPERIOD2.RE CEIPTS;“A.CashSalesMinus:CashRefundsNetCashSalesB.AccountsReceivableC.OtherReceipts(SeeMOR-3J(Ifyour eceiverentalincome,youmustattacharentrot!.)3.TOTALRECEIFrS(Lines2A+2B+2Q4.TOTALFUNDSAVAILABLEFOROPER ATIONS(Line1+Line3)3M6W>&<*&?&,41#’63fbl1_azs.zs285^53S5.J*SS%S^5bMxWMb.?*te.< te?’Bl5.DISBURSEMENTSA.AdvertisingB.C.D.E.F.G.H.I.J.K.L.m; Ro.p.Q,BankChargesContractLabor-FixedAssetPayments(notincl,in“N”)¦Insurance-InventoryPayments{SeeAtt ach.2)Leases___ManufacturingSuppliesOfficeSuppliesPayroll-Net(SeeAttachment4B)3,530-.S3*Profe ssionalFees(Accounting&Legal)_f£T0O> S3-*-Note,thispaymentrelates-toonecheckthatwasdeposited.prepetifionbyitspayee,butdid.not’cleartheDeb tor’sbank’account’.untilshortlyafterthepetitiondate.-RentRepairs&Maintenance.SecuredCreditorPayments (SeeAttach.2)..TaxesPaid-Payroli(SeeAttachment4C)...TaxesPaid-Sales&Use(SeeAttachment4C)___Taxes Paid-Other(SeeAttachment4C)R.Telephone¦S,Travel&Entertainment,Y.U.S.TrusteeQuarterlyFeesu.V.w.Utilit iesVehicleExpensesOtherOperatingExpenses(SeeMOR-3)_.S^-0&Z^l___l£(c)6,TOTALDISBURSEMENTS(SumofSAthr uW)3,&?3-Eg%ENDINGBALANCE(Line4MinusLine6)3*fMI___c)Ideclareunderpenaltyofperjurythatthisstatementa ndtheaccompanyingd^umentsandj^jjandcorrecttothebestofmyknowledgeandbelief.< JSThis/fldayof___20_(a)Thisnumberiscarriedforwardfromlastmonth’sreport,yrorthe^irstreportonly,thi snumberwillbethebalanceasof(liepetitiondate.(b)ThisfigureWillnotchangefrommonthtomonth.Itisaiwjy^the amountoffluidsonhandasofthedateofthepetition.(o)Tfaesetwoamountswillalwaysbethesameifformiscompleted correctly,MOR-2 |
| MONTHLYSCHEDULEOFRECEIPTSANDDISBURSEMENTS(cont’d)DetailofOtherReceiptsandOtherDisbursementsOTHERRECE IPTS:DescribeEachItemofOtherReceiptandListAmountofReceipt.WritetotalsonPageMOR-2,Line2C.CumulativeDe scriptionCurrentMonthPetitiontoDate/n/ffes/a*uQ7>£sa-as^50^TOTALOTHERRECEIPTSJ%S-TS3.$5> ^S“OtherReceipts“includesLoansfromInsidersandothersources(Le.Officer/Owner,relatedpartiesdirectors,r elatedcorporations,etc.).Pleasedescribebelow:SourceLoanAmountofFundsPurposeRepaymentScheduleOTHERDIS BURSEMENTS:DescribeEachItemofOtherDisbursementandListAmountofDisbursement.WritetotalsonPageMOR-2,Lin e5W.Cumulative/Description/iCurrentMonthPetitiontoDate{()Ui5rafeBevvies:Jteory)W’5e< 4cUS3*C&S3>&> TOTALOTHERDISBURSEMENTS53-OO5S&&NOTE:AttachacurrentBalanceSheetandIncome(Profit&Loss)Statement.MOR-3 |
| ATTACHMENT1MONTHLYACCOUNTSRECEIVABLERECONCILIATIONANDAGINGNameofDebtor;aseNumber:ReportingPeriodbegi nning5"~~/S“2-&/OPeriodending3“3t~~^^ACCOUNTSRECEIVABLEATPETITIONDATE:r3,71$( *$0’ACCOUNTSRECEIVABLERECONCILIATION(IncludeaHaccountsreceivable,pre-petitionandpost-petition,includ ingchargecardsaleswhichhavenotbeenreceived):BeginningofMonthBalance$S/PLUS:CurrentMonthNewBiliingsMI NUS:CollectionDuringtheMonth§(b)PLUS/MINUS:AdjustmentsorWriteoffsS9.7Q7*EndofMonthBalanceS3 j10j/ 102-(c)POSTPETITIONACCOUNTSRECEIVABLEAGING(Showthetotalforeachagingcategoryforallaccountsreceivable) 0-30Days31-60Days61-90DaysOver90DaysTotal$0$93,032.08$407,876.09$2,217,900.54$2,718,808.71f C ).Foranyreceivablesinthe“Over90Days“category,pleaseprovidethefollowing:ReceivableCustomerDateStatus( Collectioneffortstaken,estimateofcollectibility,>write-off,disputedaccount,etc.)Cr^efWu)a ,‘|-A*i-i\.-io&l“XWtSHiCdfe.|2.-i7-XQ6g’fr<ma$c£>tXMe\fl“i©-aoi>7^^f^^1 P^coo^F?jiggg(a)ThisnumberiscarriedForwarcfrromlastmonth’sreport.Forthefirstreportonly,thisnumberwil lbethebalanceasofthepetitiondate.(b)Thismustequalthenumberreportedinthe“CurrentMonth“columnofSchedul eofReceiptsandDisbursements(PageMOR-2,Line2B).(c)Thesetwoamountsmustequal.Gra^atid&Jr**nt-’^ 1^^6/>M,OfcooA7So>t>6 |
| ATTACHMENT2MONTHLYACCOUNTSPAYABLEANDSECUREDPAYMENTSREPORTNameofDebtor:(-&&’r^y^flCiww/ffla7^t/CaseNu mber:.ReportingPeriodbeginningOS-I’>-~l2d/’C>PeriodendingO^’£> /’JO/iJInthespacebelowlistallinvoicesorbillsincurredandnotpaidsincethefilingofthepetition.Donotinclu deamountsowedpriortofilingthepetition.Inthealternative,acomputergeneratedlistofpayablesmaybeattached providedailinformationrequestedbelowisincluded.DateIncurredg-jg.aypPOST-PETITIONACCOUNTSPAYABLEDaysO utstanding32> -DescriptionManagementservicesManagementservicesManagementservicesServicechargesAmount H.&IWm TOTALAMOUNTDCheckhereifpre-petitiondebtshavebeenpaid.Attachanexplanationandcopiesofsupportingdocumen tation.ACCOUNTSPAYABLERECONCILIATION(PostPetitionUnsecuredDebtOnly)OpeningBalance$_,___^_Z’07^,(a)PLU S:NewIndebtednessIncurredThisMonth$Ht “S^*&^MINUS:AmountPaidonPostPetition,AccountsPayableThisMonth|PLUS/MINUS:Adjustments$*EndingMonthBal ance%V\Kd’H^>^t<c> *Foranyadjustmentsprovideexplanationandsupportingdocumentation,ifapplicable.SECUREDPAYMENTSREPORT~~S ecuredCreditor/LessorListthestatusofPaymentstoSecuredCreditorsandLessors(PostPetitionOnly).Ifyouhave enteredintoamodificationagreementwithasecuredcreditor/lessor,consultwithyourattorneyandtheUnitedStat esTrusteeProgrampriortocompletingthissection).NumberTotalDateofPostAmountofPaymentAmountPetitionPost PetitionDueThisPaidThisPaymentsPaymentsMonthMonthDelinquentDelinquentMTOTAL(a)Thtsnumberiscarriedfor wardfromiastmonth’sreport.Forthefirstreportonly,thisnumberwillbezero.(b,c)Thetotalofline(b)mustequal line(c).(d)Thisnumberisreportedinthe“CurrentMonth“columnofScheduleofReceiptsandDisbursements(PageMOR -2,Line5N).MOR-5 |
| ATTACHMENT3INVENTORYANDFIXEDASSETSREPORTNameofDebtor:CaseNumber:ReportingPeriodbeginningS-J5-20/0Per iodendingINVENTORYREPORTINVENTORYBALANCEATPETITIONDATE:INVENTORYRECONCILIATION:InventoryBalanceatBeg inningofMonth$(a)PLUS:InventoryPurchasedDuringMonthMINUS:InventoryUsedorSoldPLUS/MINUS:Adjustmentsor Write-downsInventoryonHandatEndofMonthMETHODOFCOSTINGINVENTORY:*Foranyadjustmentsorwrite-downsprovid eexplanationandsupportingdocumentation,ifapplicable.INVENTORYAGINGLessthan66monthstoGreaterthanConsi deredmonthsold2yearsold2yearsoldObsoleteTotalInventory%%%%=100%**AgingPercentagesmustequal100%.DChec khereifinventorycontainsperishableitems.DescriptionofObsoleteInventory:FIXEDASSETREPORTFIXEDASSETSFA IRMARKETVALUEATPETITIONDATE:1fts3^T< ¥)(IncludesProperty,PlantandEquipment)BRIEFDESCRIPTION(FirstReportOnly):Miscellaneousofficefurnishin gsandofficeequipment.FIXEDASSETSRECONCILIATION:.FixedAssetBookValueatBeginningofMonth$/V,3TY(a¥b)MIN US:DepreciationExpenseSI’,^^YPLUS:NewPurchases$PLUS/MINUS:AdjustmentsorWrite-downs%*EndingMonthlyBal anceS/< £,^SO*Foranyadjustmentsorwrite-downs,provideexplanationandsupportingdocumentation,ifapplicable.BRIEF DESCRIPTIONOFFLXEDASSETSPURCHASEDORDISPOSEDOFDURINGTHEREPORTINGPERIOD::(a)Thisnumberiscarriedforward fromlastmonth’sreport.Forthefirstreportonly,thisnumberwillbethebalanceasofthepetitiondate.(b)FairMar ketValueistheamountatwhichfixedassetscouldbesoldundercurrenteconomicconditions.BookValueisthecostoft hefixedassetsminusaccumulateddepreciationandotheradjustments.MOR-6 |
| ATTACHMENT4AMONTHLYSUMMARYOFBANKACTIVITY-OPERATINGACCOUNTNameofDebtor:(lfcfrfj/kMfJtiiC&\QCaseNumber :/O”^v/WyReportingPeriodbeginningS-"/S“20/OPeriodendingS“31~l^fyOAttachacopyofcurrentmonthbankstate mentandbankreconciliationtothisSummaryofBankActivity.Astandardbankreconciliationformcanbefoundathttp ://www.usdoi.gov/ust/r2l/reainfo.htm.IfbankaccountsotherthanthethreerequiredbytheUnitedStatesTrustee Programarenecessary,permissionmustbeobtainedfromtheUnitedStatesTrusteepriortoopeningtheaccounts.Addi tionally,useoflessthanthethreerequiredbankaccountsmustbeapprovedbytheUnitedStatesTrustee.G1T\Br/y?/C BRANCH:HaT&fc&^y^fo&hrmiadQfa’ptr’tv&*accountnumber:xxxx-xxx-o 18NAMEOFBANK:ACCOUNTNAME:PURPOSEOFACCOUNT:OPERATING;___EndingBalanceperBankStatement%_PlusTotalAmoun tofOutstandingDeposits£MinusTotalAmountofOutstandingChecksandotherdebits$*MinusServiceCharges$Ending BalanceperCheckRegister$,2,97^5J6>< $£**(a)*Debitcardsareusedby**IfClosingBalanceisnegative,provideexplanation:Thefollowingdisbursements werepaidinCash(donotincludesitemsreportedasPettyCashonAttachment4D:(OCheckhereifcashdisbursementswer eauthorizedbyUnitedStatesTrustee)DateAmountPayeePurposeReasonforCashDisbursement’f/€> /J€TRANSFERSBETWEENDEBTORINPOSSESSIONACCOUNTS“TotalAmountofOutstandingChecksandotherdebits”,listedab ove,includes:$TransferredtoPayrollAccountTransferredtoTaxAccount(a)ThetotalofthislineonAttachment4A, 4Band4Cplusthetotalof4Dmustequaltheamountreportedas“EndingBalance“onScheduleofReceiptsandDisbursemen ts(PageMOR-2,Line7).MOR-7 |
| ATTACHMENT5ACHECKREGISTER-OPERATINGACCOUNTNameofDebtor:fe(rft.r)£ti.a<tf(knd>rtT/iP CaseNumber:.ReportingPeriodbeginning5~t5> -~^Qt®PeriodendingOS“3}-£#/&NAMEOFBANK:BRANCH:ffafifce-y,ACCOUNTNAME:&£<$"£>/7<gfrf#< t/UorOtfyfr?iC/a) ACCOUNTNUMBER:PURPOSEOFACCOUNT:OPERATINGAccountforalldisbursements,includingvoids,lostchecks,stoppay ments,etc.Inthealternative,acomputergeneratedcheckregistercanbeattachedtothisreport,providedallthein formationrequestedbelowisincluded.yPURPOSES-fl’fyo~$3/tfSh&u^Ve/fv!Ovhtdk^i&fcti -Ux^kCHECKDATENUMBERPAYEEs-n-x/o25aLavdOttict.Mle<*/-tomesAMOUNT*sa-o& *-Note,this$2,580.83paymentrelatestoacheckthatwasdepositedbythepayeebeforetheDebtor’spetitiondate,bu tdidnotcleartheDebtor’sbankaccountuntilafterthepetitiondateTOTAL£2,6&-$$MOR-8 |
| ATTACHMENT4BMONTHLYSUMMARYOFBANKACTIVITY-PAYROLLACCOUNTNameofDebtor:^CaseNumber:ReportingPeriodbegin ning<vf?”~fZ>~2-Cj/UPeriodendingC)^^^/"¦^¦u/^} AttachacopyofcurrentmonthbankstatementandbankreconciliationtothisSummaryofBankActivity.Astandardbank reconciliationformcanbefoundathttp://www.usdoi.gov/ust/r2t/reginfo.htm.NAMEOFBANK:BRANCH:ACCOUNTNAME :ACCOUNTNUMBER:PURPOSEOFACCOUNT:PAYROLLEndingBalanceperBankStatement^_PlusTotalAmountofOutstandingDe posits$_MinusTotalAmountofOutstandingChecksandotherdebits$_MinusServiceCharges£_EndingBalanceperChec kRegister$**(a)*Debitcardsmustnotbeissuedonthisaccount.**IfClosingBalanceisnegative,provideexplanati on;ThefollowingdisbursementswerepaidbyCash:(?CheckhereifcashdisbursementswereauthorizedbyUnitedState sTrustee)DateAmountPayeePurposeReasonforCashDisbursementThefollowingnon-payrolldisbursementsweremade fromthisaccount:DateAmountPayeePurposeReasonfordisbursementfromthisaccount(a)ThetotalofthislineonAtt achment4A,4Band4Cplusthetotalof4Dmustequaltheamountreportedas“EndingBalance“onScheduleofReceiptsandD isbursements(PageMOR-2,Line7).MOR-9 |
| ATTACHMENT5BCHECKREGISTER-PAYROLLACCOUNTNameofDebtor;CaseNumber:ReportingPeriodbeginningOS-IS-X6/0Pe riodendingNAMEOFBANK:BRANCH:ACCOUNTNAME:ACCOUNTNUMBER:PURPOSEOFACCOUNT:PAYROLLAccountforalldisbursem ents,includingvoids,lostpayments,stoppayment,etc.Inthealternative,acomputergeneratedcheckregistercan beattachedtothisreport,providedalltheinformationrequestedbelowisincludedCHECKDATENUMBERPAYEEPURPOSEA MOUNTTOTALMOR-10 |
| ATTACHMENT4CMONTHLYSUMMARYOFBANKACTIVITY-TAXACCOUNTNameofDebtor:_£#&fyAJ<HO4<zlCoY0(»’*f« :»JCaseNumber:/O”&W9ReportingPeriodbeginningOS-/S“2.6/0Periodending<^5~~3(~X< > /OAttachacopyofcurrentmonthbankstatementandbankreconciliationtothisSummaryofBankActivity,Astandardba nkreconciliationformcanbefoundontheUnitedStatesTrusteewebsite,http://www.usdoj.gov/ust/r21/index.htm .NAMEOFBANK:BRANCH:ACCOUNTNAME:ACCOUNTNUMBER:PURPOSEOFACCOUNT:TAXEndingBalanceperBankStatement£PlusT otalAmountofOutstandingDeposits$_MinusTotalAmountofOustandingChecksandotherdebits^.MinusServiceCharg es§_EndingBalanceperCheckRegister£**(a)*Debitcardsmustnotbeissuedonthisaccount.**IfClosingBalanceisn egative,provideexplanation:ThefollowingdisbursementswerepaidbyCash:(?Checkhereifcashdisbursementswer eauthorizedbyUnitedStatesTrustee)DateAmountPayeePurposeReasonforCashDisbursementThefollowingnon-taxd isbursementsweremadefromthisaccount:DateAmountPayeePurposeReasonfordisbursementfromthisaccount(a)The totalofthislineonAttachment4A,4Band4Cplusthetotalof4Dmustequaltheamountreportedas“EndingBalance“onSc heduleofReceiptsandDisbursements(PageMOR-2,Line7).MOR-11 |
| ATTACHMENT 5C CHECK REGISTER TAX ACCOUNT Name of Debtor: H&JfttJOf} Cctpora OA} Case Number:, Reporting Period beginning OS” f Period ending r Bj NAME OF BANK: BRANCH: ACCOUNT NAME: ACCOUNT PURPOSE OF ACCOUNT: TAX Account for all disbursements, including voids, lost checks, stop payments, etc. In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included, ht tp: ww vv. u sd oj. go v u st, CHECK DATE NUMBER PAYEE PURPOSE AMOUNT TOTAL (d) SUMMARY OF TAXES PAID Payroll Taxes Paid (a) Sales & Use Taxes Paid (b) Other Taxes Paid (c) TOTAL (d) (a) This number is reported in the “Current Month” column of Schedule of Receipts and Disbursements (Page MOR 2, Line 50). (b) This number is reported in the “Current Month” column of Schedule or Receipts and Disbursements (Page MOR 2, Line 5P). (c) This number is reported in the “Current Month” column of Schedule of Receipts and Disbursements (Page MOR 2, Line 5Q). (d) These two lines must be equal. |
| ATTACHMENT 4D INVESTMENT ACCOUNTS AND PETTY CASH REPORT INVESTMENT ACCOUNTS Each savings and investment account, i.e. certificates of deposits, money market accounts, stocks and bonds, etc., should be listed separately. Attach copies of account statements. . Type of Negotiable Current Instrument Face Value Purchase Price Date of Purchase Market Value Clb ££B, 3ao, ooo 3co do OS ‘ XOfO 3oo,goo GcN lhe *c tfjtf TOTAL SSftflOl PETTY CASH REPORT The following Petty Cash Drawers Accounts are maintained: (Column 2) (Column 3) (Column 4) Maximum Amount of Petty Difference between Location of Amount of Cash Cash On Hand (Column 2) and Box Account in Drawer Acct. At End of Month (Column 3) TOTAL $ (b) For any Petty Cash Disbursements over $100 per transaction, attach copies of receipts. If there are no receipts, provide an explanation TOTAL INVESTMENT ACCOUNTS AND PETTY CASH(a + b) $329,767 (c) (c)The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as “Ending Balance” on Schedule of Receipts and Disbursements (Page MOR 2, Line 7). |
| ATTACHMENT 8 ATTACHMENT 6 MONTHLY TAX REPORT Name of Debtor: Case Number: Reporting Period beginning 5 t$ “ & Period ending 2.0 D TAXES OWED AND DUE Report all unpaid post petition taxes including Federal and State withholding FICA, State sales tax, property tax, unemployment tax, State workmen’s compensation, etc. Name of Date Date Last Taxing Payment Tax Return Tax Return Authority Due Description Amount Filed Period TOTAL $ & * |
| ATTACHMENT 7 SUMMARY OF OFFICER OR OWNER COMPENSATION SUMMARY OF PERSONNEL AND INSURANCE COVERAGES Name of Debtor: Case Number: Reporting Period beginning 0*5 S L O ( & Period ending 0*z? 3 Report all forms of compensation received by or paid on behalf of the Officer or Owner during the month. Include car allowances, payments to retirement plans, loan repayments, payments of Officer Owner’s personal expenses, insurance premium payments, etc. Do not include reimbursement for business expenses Officer or Owner incurred and for which detailed receipts are maintained in the accounting records. Payment Name of Officer or Owner Title Description Amount Paid PERSONNEL REPORT Full Time Part Time Number of employees at beginning of period Number hired during the period Number terminated or resigned during period Number of employees on payroll at end of period CONFIRMATION OF INSURANCE List all policies of insurance in effect, including but not limited to workers’ compensation, liability, fire, theft, comprehensive, vehicle, health and life. For the first report, attach a copy of the declaration sheet for each type of insurance. For subsequent reports, attach a certificate of insurance for any policy in which a change occurs during the month (new carrier, increased policy limits, renewal, etc.). Agent Date and or Phone Policy Coverage Expiration Premium Carrier Number Number Type Date Due The following lapse in insurance coverage occurred this month: Policy Date Date Type Lapsed Reinstated Reason for Lapse ? Check here if U. S. Trustee has been listed as Certificate Holder for all insurance policies. |
| ATTACHMENT 8 SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD Information to be provided on this page, includes, but is not limited to: (1) financial transactions that are not reported on this report, such as the sale of real estate (attach closing statement); (2) non financial transactions, such as the substitution of assets or collateral; (3) modifications to loan agreements; (4) change in senior management, etc. Attach any relevant documents. We anticipate filing a Plan of Reorganization and Disclosure Statement on or before |
| STANDARD BANK RECONCILIATION Month May Year 2010 Account No. XXXX XXX 018 Account Name R & G Financial Corporation Bank Balance shown on Bank Statement $2,977,526.05 Your transaction register balance $2,977,526.05 Add Add Deposits not shown on Bank Statement $0 Other credits shown on the bank statement but not in transaction register S Total $0 Add Subtract ( ) Interest paid on bank statement $ Checks and other items outstanding but not paid on Bank Statement Total $ Number Amount Number Amount Subtract ( ) $ $ Other debits shown on bank statement but not in transaction register Number Amount I 1$ I Total Subtractions $0 Total Subtractions $ Balance $ 2,977,526.05 Balance $2,977,526.05 |
| Citibank, N.A. Puerto Rico . Member FD1C JIM] Page 1 of 7 RG FINANCIAL CORPORATION rg financial corporation Account Number Hoi8 ATTN JOSE l ortiz Mccouni i wnuer. w o po box 195381 Statement Period san JUAN PR, 00919 May 1, 2010 May 28, 2010 ACCOUNT SUMMARY OPENING BALANCE 3,050,000.00 Citi Corporate Service Centers provide the following services: Cashing Checks, Account Deposits, Night Depository, 27 DEBITS 384,400.20 Manager Check Issuance, Fica Futa Payments. 23 CH ECKS 227,869.35 Business hours are from 8:30 to 4:30pm Monday thru Friday 4 NON CHECKS 156,530.85 Service Centers are located in: 1 CREDITS 311,926.25 i ncDnciTC t q9k J* Hat0 Re y AtG bu!ld!n 9. 787 282 2201 1 UtF Ubl I o 311 .azo. O Bayamon, Near Rio Hondo Mali, 787 787 4220 0 NON DEPOSITS 0.00 Carolina, Royal Motors Plaza, 787 776 0581 CLOSING LEDGER 2,977,526.05 DEPOSIT LIST Deposit No. Date Reference Amount 05 04 311,926.25 CHECKS PAID Check Date Amount Check Date Amount 2298 05 13 30,618.00 2310 05 06 21,411.94 2299 05 05 1,176.67 2311 05 05 1,510.64 2300 05 04 1,713.08 2313 05 14 1,963.19 2301 05 04 1,247.28 2314 05 13 730.10 2302 05 04 13,577.95 2315 05 14 1,728.33 2303 05 04 17,455.97 2316 05 13 400.00 2304 05 04 10,902.54 2317 05 17 2,580,83 2305 05 06 14,953.99 2318 05 17 53.00 2308 05 04 22,976.67 2319 05 14 4,371.00 2307 05 10 14,933.79 2320 05 14 4,673.25 2308 05 04 41,799.92 2321 05 14 10,602.00 2309 05 07 6,489.21 DESCRIPTIVE ITEMS ~ Date Description Serial No Debits Credits Balance 05 01 OPENING BALANCE 3,050,000.00 05 04 TOTAL CHECKS paid 109,673.41 ANY ERROR OR OMISSION ON THIS STATEMENT MUST BE NOTIFIED IN WRITING TO THE ATTENTION OF CITISERVICE UNIT, PO BOX 70301, SAN JUAN, PR 009364301; OR CONTACT CITISERVICE AT (787J 771 2800 WITHIN THIRTY (30) DAYS FROM MAILING DATE. YOU ALSO CAN SEND A MESSAGE USING OUR ELECTRONIC MAIL MESSENGER: citiservice.pr@cjticorp.com. FAILURE TO DO SO WILL SIGNIFY THAT THE STATEMENT IS CORRECT |
| R&G Financial Corporation Policy Summary 2009 2010 ...Premium i Policy Type Policy Carrier Effective Limits Deductibles ou t ma F) ¦ Building, Improv. & Contents: $10,133,359; Buss. Inc.: Wind2%,EQ $510012 Commercial Package CP81020758 Seguros Triple S 11 30 09 11 30 10 §5 CGL $1MM Occ$2MM 5%, AOP $250 Agg.;B&M: $3MM l . 1 ‘ ~ ATM $2,164,581; EDP EDP CIM0920212 Fireman’s Fund 11 30 o9 ii 30 10 $9,855,112; Fine Arts j Vanous $42,419 (EDP, ATMs & Fine Arts) ,ns Co $360,000. Comp Col! « i7qr BusinessAuto CA46035272 Seguros Triple S 11 30 09 11 30 10 CSL Liabihty $1MM j $25Q 33,796 “ Garage Liability $1 MM $3MM, $10 920 Garaje CA46035273 ¦ Seguros Triple S 11 30 09 11 30 10 Garage Keeper $100,000. : Based on Monthly reports. Comp Col BusinessAuto CA46035274 Seguros Triple S 11 30 09 11 30 10 Comprehensive & Collision $500 (Repossessed Vehicles) CA46035274 a g j $1 MM; Liability limits $500,000. ao sTpri u aTp j 510,000 11 30 09 11 30 10 $15MM xs $35MM Primary 000 . “ Content$194,500. CalleOrtego $500 $532 Flood 3170401513 Universal 5 23 09 5 23 10 Esq. Tabanuco . ~Employment Practices D01477 ACE Insurance 12 31 09 12*1 10 I $6,000,000 $100,000 $97,850 Liability (EPL) g nkeVProfessionai I FLP2030 ACE Insurance 12 31 09 12 31 10 $5,000,000 $250,000 $118,154 Liability * (BPL) $3 400 “~j rtiv RiIk Liability ZG000707OV6641 Lloyds j 12 1 09 10 1 |
| economic DEVELOPMENT BANK for puerto rico ATT. INVESTMENT AND TREASURY DIVISION P .o. box 2134 SAN juan, pr 00922 2134 CONFIRMATION OF SECURITIES TRANSACTION Advise inmedialeiy of any error to ine investment and Treasury Division Tel. (787) «41 4300 Fax 787) 775 9662 may 10, 2010 r g premier bank puerto rico Trade Date : 05 10 2010 sr. luis f. aldea Settlement Date : 05 10 2010 p.o. box 2510 Issue Date : 05 10 2010 guaynabo, pr 00970 2510 First interest Date : 05 24 2010 Maturity Date : 05 24 2010 Description : r g financial inter branch Transaction Type : rss conv non neg fixed a 360 matu. Face Amount : 300.000.00 Price : 100.00 Principal Amount : 300.000.00 Interest Accrued ; 0.00 Total Amount : 300,000.00 CUSIP Number : Interest Rate : 0.30 OUR REF. NO, : B0130005 We will assume the Information 1s correct 1f no response 1s receive within 20 days As this confirmation is produced by our computer, it will no longer bear an authorized signature B Q PfiWMIERBANK i zm 2010 TREASURY DIVISION |
| RG Financial Corporation Statement of Condition May 31,2010 Unaudited CASH AND CASH EQUIVALENTS Cash and due from Banks 3,282,835 Interest Bearing Deposits 300,000 3,582,835 LOANS Loans 36,007,087 Reserve for Losses (19,852,800) Loans Net 16,154,287 INVESTMENT SECURITIES 29,767 INVESTMENT IN SUBSIDIARIES 4,726,976 PREMISES AND EQUIPMENT 16,850 OTHER ASSETS Account Receivable 448,764 Receivable from affiliate 2,260,338 Accrued interest receivable 14,002 Deferred Tax Asset Other Assets 10,821,567 Total Other Assets 13,544,671 38,055,386 BORROWINGS Notes Payable 31,836,522 Accrued Interest Payable 50,074,483 Payable to affiliate Accrued Expenses Other liabilities 63,040 81,974,045 TRUST PREFERRED SECURITIES 335,051,546 STOCKHOLDERS EQUITY Preferred Stock 213,000,000 Common Stock 511,853 Capital paid in excess of par value 116,276,074 Current month Income (1,309,907) Retained Earnings (707,448,226) Total Equity (378,970,206) 38,055,386 |
| Income Statement For the period ended May 31, 2010 May 31, 2010 Month YTD Interest Income deposits 60 396 Interest Income loans 81,220 Total interest income 60 81,616 Interest Notes Payable 115,731 568,067 Interest Trust Preferred Notes 2,090,974 10,339,530 Total interest expense 2,206,705 10,907,597 Net Interest income (2,206,646) (10,825,981) Provision for loan and lease losses (303,052) Management fees 1,012,441 Other Income 90,632 90,632 Total non interest Income 90,632 1,103,073 Compensation & Benefits (508,006) 617,104 Taxes Other than payroll 38,664 Communication and Information systems 9,014 Occupancy and office expenses 3,691 380,820 Depreciation and amortization 1,494 7,661 Professional Fees (315,321) 93,889 Other general and administrative expenses 12,035 256,519 Total non interest expenses (806,107) 1,403,671 Net Income (loss) (1,309,906) (11,429,631) |