8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

July 2, 2002

(Date of earliest event reported)

R&G FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Puerto Rico	0-22137	66-0532217
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

280 Jesús T. Pinero Ave., Hato Rey, San Juan, Puerto Rico	00918
(Address of principal executive offices)	(Zip Code)

(787) 758-2424

(Registrant’s telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

TABLE OF CONTENTS

Ex. 99.3 PRESS RELEASE DATED JULY 2, 2002

Item 5. OTHER EVENTS

     R&G Financial Corporation (the “Company”) has filed a listing application (“Application”) with the New York Stock Exchange (“Exchange”) to list its Class B Common Stock on the Exchange. Attached hereto as Exhibit 99.3 is the press release issued by the Company announcing the filing of its Application.

Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

(a)	Not applicable.
(b)	Not applicable.
(c)	The following exhibits are included with this Report:
	Exhibit 99.3 Press Release dated July 2, 2002.

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	R&G FINANCIAL CORPORATION
	By: /s/ Víctor J. Galán Víctor J. Galán Chairman of the Board and Chief Executive Officer
Date: July 2, 2002.

EX-99.3 3 g77124exv99w3.txt EX. 99.3 PRESS RELEASE DATED JULY 2, 2002 R&G FINANCIAL CORPORATION FILES TO LIST ITS CLASS B COMMON STOCK ON THE NEW YORK STOCK EXCHANGE San Juan, Puerto Rico, July 2, 2002. R&G Financial Corporation ("R&G Financial"), San Juan, Puerto Rico (NASDAQ: RGFC), the financial holding company of R-G Premier Bank of Puerto Rico, a Puerto Rico commercial bank, R&G Mortgage Corp., the second largest residential mortgage loan originator and servicer in Puerto Rico, and Crown Bank, a recently acquired federal savings bank, with branches in the Orlando/Tampa/St. Petersburg, Florida markets, announced today that it has applied to list its Class B Common Stock on the New York Stock Exchange (NYSE) under the new ticker symbol "RGF." It is anticipated that R&G Financial's Class B Common Stock could begin trading on or about Friday, July 12, 2002. Until that time, R&G Financial's Class B Common Stock will continue trading on the NASDAQ National Market under the symbol "RGFC." Victor J. Galan, Chairman, President and Chief Executive Officer of R&G Financial, stated "We are pleased to be joining the distinguished family of NYSE-listed companies. We believe our move to the world's most prestigious stock exchange will increase our exposure to a wider investor base, improve the trading efficiency of our shares and promote our status as a leading company in the financial services industry." Mr. Galan continued: "While we have enjoyed a long relationship with NASDAQ and greatly appreciate its support, we believe the listing on the NYSE is an important milestone for R&G Financial Corporation." R&G Financial's four series of preferred stock will continue to be listed on the NASDAQ National Market, where R&G Financial's Class B Common Stock has traded since its initial public offering in 1996. R&G Financial, currently in its 30th 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, R&G Mortgage Corp., The Mortgage Store of Puerto Rico, Inc., a subsidiary of R&G Mortgage Corp., Crown Bank, a Federal Savings Bank, Continental Capital Corp., Crown Bank's New York and North Carolina-based mortgage banking subsidiary, Home & Property Insurance Corp., a Puerto Rico insurance agency, and R-G Investments Corporation, its Puerto Rico broker-dealer. At March 31, 2002, R&G Financial had $4.8 billion of total assets, $534.4 million of stockholders' equity, and a servicing portfolio of $7.3 billion. Statements contained in this news release that are not historical facts may constitute forward-looking statements (within the meaning of Section 21E of the Securities Exchange Act of 1934) which involve significant risks and uncertainties. Actual results may differ materially from the results discussed in these forward-looking statements. These and other factors could adversely affect the outcome of the plans and events described herein. For further information contact: Joseph R. Sandoval, Chief Financial Officer at (787) 756-2801; jsandoval@rgonline.com or http://www.rgonline.com. -----END PRIVACY-ENHANCED MESSAGE-----

EX-99.3

                        R&G FINANCIAL CORPORATION FILES
                        TO LIST ITS CLASS B COMMON STOCK
                         ON THE NEW YORK STOCK EXCHANGE


San Juan, Puerto Rico, July 2, 2002. R&G Financial Corporation ("R&G
Financial"), San Juan, Puerto Rico (NASDAQ: RGFC), the financial holding company
of R-G Premier Bank of Puerto Rico, a Puerto Rico commercial bank, R&G Mortgage
Corp., the second largest residential mortgage loan originator and servicer in
Puerto Rico, and Crown Bank, a recently acquired federal savings bank, with
branches in the Orlando/Tampa/St. Petersburg, Florida markets, announced today
that it has applied to list its Class B Common Stock on the New York Stock
Exchange (NYSE) under the new ticker symbol "RGF." It is anticipated that R&G
Financial's Class B Common Stock could begin trading on or about Friday, July
12, 2002. Until that time, R&G Financial's Class B Common Stock will continue
trading on the NASDAQ National Market under the symbol "RGFC."

Victor J. Galan, Chairman, President and Chief Executive Officer of R&G
Financial, stated "We are pleased to be joining the distinguished family of
NYSE-listed companies. We believe our move to the world's most prestigious stock
exchange will increase our exposure to a wider investor base, improve the
trading efficiency of our shares and promote our status as a leading company in
the financial services industry." Mr. Galan continued: "While we have enjoyed a
long relationship with NASDAQ and greatly appreciate its support, we believe the
listing on the NYSE is an important milestone for R&G Financial Corporation."

R&G Financial's four series of preferred stock will continue to be listed on the
NASDAQ National Market, where R&G Financial's Class B Common Stock has traded
since its initial public offering in 1996.

R&G Financial, currently in its 30th 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, R&G
Mortgage Corp., The Mortgage Store of Puerto Rico, Inc., a subsidiary of R&G
Mortgage Corp., Crown Bank, a Federal Savings Bank, Continental Capital Corp.,
Crown Bank's New York and North Carolina-based mortgage banking subsidiary, Home
& Property Insurance Corp., a Puerto Rico insurance agency, and R-G Investments
Corporation, its Puerto Rico broker-dealer. At March 31, 2002, R&G Financial had
$4.8 billion of total assets, $534.4 million of stockholders' equity, and a
servicing portfolio of $7.3 billion.

Statements contained in this news release that are not historical facts may
constitute forward-looking statements (within the meaning of Section 21E of the
Securities Exchange Act of 1934) which involve significant risks and
uncertainties. Actual results may differ materially from the results discussed
in these forward-looking statements. These and other factors could adversely
affect the outcome of the plans and events described herein.

For further information contact: Joseph R. Sandoval, Chief Financial Officer at
(787) 756-2801; jsandoval@rgonline.com or http://www.rgonline.com.