R&G Financial Announces Increased Quarterly Cash Dividend For The First Quarter of 2001

Apr 23, 2001, 01:00 ET from R&G Financial Corporation

    SAN JUAN, Puerto Rico, April 23 /PRNewswire/ --
 R&G Financial Corporation (Nasdaq:   RGFC) announced today that its Board of
 Directors has declared the Company's quarterly cash dividend for the quarter
 ended March 31, 2001 of $0.06375 per share ($0.2550 on an annualized basis) on
 the Company's common stock, payable on June 1, 2001 to stockholders of record
 as of the close of business on May 24, 2001.
     Such dividend payment represents an annual increase of approximately 25%
 when compared to the dividend paid for the just preceding quarter ended
 December 31, 2000.  The dividend payment for the quarter ended March 31, 2001
 represents the 18th consecutive increase in quarterly dividend payments of the
 Company as a result of continued improvements in operating results.
     The Company, currently in its 29th year of operations, is a diversified
 financial holding company with operations in Puerto Rico and the United
 States, providing banking, mortgage banking, investments, consumer finance and
 insurance through its wholly-owned subsidiaries R-G Premier Bank of Puerto
 Rico, one of the fastest growing commercial banks in Puerto Rico, R&G Mortgage
 Corp., Puerto Rico's second largest mortgage banker, Mortgage Store of Puerto
 Rico, Inc., Continental Capital Corporation, one of the largest FHA/VA
 mortgage loan originators in the New York metro area, and Home and Property
 Insurance Corporation, with a combined network of 60 branches (32 mortgage
 offices in Puerto Rico, 4 mortgage offices in the U.S., and 24 bank branches
 mainly located in the northeastern section of Puerto Rico).  At
 December 31, 2001, the Company had $3.7 billion of total assets and
 $384.6 million of stockholders' equity.
 
 

SOURCE R&G Financial Corporation
    SAN JUAN, Puerto Rico, April 23 /PRNewswire/ --
 R&G Financial Corporation (Nasdaq:   RGFC) announced today that its Board of
 Directors has declared the Company's quarterly cash dividend for the quarter
 ended March 31, 2001 of $0.06375 per share ($0.2550 on an annualized basis) on
 the Company's common stock, payable on June 1, 2001 to stockholders of record
 as of the close of business on May 24, 2001.
     Such dividend payment represents an annual increase of approximately 25%
 when compared to the dividend paid for the just preceding quarter ended
 December 31, 2000.  The dividend payment for the quarter ended March 31, 2001
 represents the 18th consecutive increase in quarterly dividend payments of the
 Company as a result of continued improvements in operating results.
     The Company, currently in its 29th year of operations, is a diversified
 financial holding company with operations in Puerto Rico and the United
 States, providing banking, mortgage banking, investments, consumer finance and
 insurance through its wholly-owned subsidiaries R-G Premier Bank of Puerto
 Rico, one of the fastest growing commercial banks in Puerto Rico, R&G Mortgage
 Corp., Puerto Rico's second largest mortgage banker, Mortgage Store of Puerto
 Rico, Inc., Continental Capital Corporation, one of the largest FHA/VA
 mortgage loan originators in the New York metro area, and Home and Property
 Insurance Corporation, with a combined network of 60 branches (32 mortgage
 offices in Puerto Rico, 4 mortgage offices in the U.S., and 24 bank branches
 mainly located in the northeastern section of Puerto Rico).  At
 December 31, 2001, the Company had $3.7 billion of total assets and
 $384.6 million of stockholders' equity.
 
 SOURCE  R&G Financial Corporation