EXHIBIT 1.0 2,000,000 SHARES R&G FINANCIAL CORPORATION ___% NONCUMULATIVE MONTHLY INCOME PREFERRED STOCK, SERIES D UNDERWRITING AGREEMENT UBS PAINEWEBBER INCORPORATED OF PUERTO RICO As lead underwriter of the several Underwriters named in Schedule 1...Underwriting Agreement • January 22nd, 2002 • R&g Financial Corp • State commercial banks • Puerto Rico
