OFG Bancorp

Not to be confused with Oriental Bank (New York), which merged with Consolidated National Bank in 1909.
OFG Bancorp
Public
Traded as NYSE: OFG
S&P 600 Component
Industry Finance and Insurance
Founded Humacao, Puerto Rico; 1964
Headquarters San Juan, Puerto Rico
Key people
 Jose Rafael Fernandez, President & CEO
Julian S. Inclán, Chairman
Products Banking
Checking Accounts
Insurance
stock brokerage
Investment Bank
Asset-Based Lending
Consumer finance
Revenue US$ 108.3 million (2017)[1]
US$ 3.3 million (2017)[1]
Number of employees
 1,500 (2017)[1]
Website www.ofgbancorp.com

OFG Bancorp, founded in 1964, more commonly known as OFG or Oriental Bank, is a financial holding company located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico through its principal subsidiaries: Oriental Bank, Oriental Financial Services Corp., and Oriental Insurance, Inc. Its headquarters are located at the Oriental Center, 15th Floor, 254 Muñoz Rivera Avenue, San Juan, PR 00918. OFG Bancorp, one of Puerto Rico's top three banks, has $6.3 billion in assets (2017), and approximately 1,500 employees.

In 2010, Oriental acquired failed competitor Eurobank. In late 2012, Oriental announced the acquisition of Spain's Banco Bilbao Vizcaya Argentaria's Puerto Rican unit for $500 million in cash.[2]

The company changed its name to OFG Bancorp from Oriental Financial Group in 2013.[3]

Subsidiaries

  • Oriental Bank
  • Oriental Financial Services Corp.
  • Oriental Insurance, Inc.
  • Oriental Pension Consultants, Inc. (OPC).
  • Oriental Mortgage
  • Oriental Auto

References

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