Oriental Financial Group

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Oriental Financial Group, Inc.
Type Public
Traded as NYSEOFG
Industry Finance and Insurance
Founded San Juan, Puerto Rico; 1964
Headquarters San Juan, Puerto Rico
Key people Jose Rafael Fernandez, President & CEO
Jose Gil de la Madrid, Chairman
Products Banking
Checking Accounts
Insurance
stock brokerage
Investment Bank
Asset-Based Lending
Consumer finance
Revenue US$ 230.45 million (2005)[1]
Net income US$ 37.61 million (2005)[1]
Employees 520 (2005)[1]
Website www.orientalonline.com

Oriental Financial Group, Inc., more commonly known as Oriental Financial or Oriental Bank, is a financial holding company located in San Juan, Puerto Rico which offers a range of financial services in Puerto Rico and the state of Florida through its four wholly owned subsidiaries: Oriental Bank and Trust (a bank), Oriental Financial Services Corp., Oriental Insurance, Inc., and Caribbean Pension Consultants, Inc. (CPC). Its headquarters are located at the Oriental Center at 997-1000 San Roberto Street, Professional Offices Park in San Juan. The Oriental Financial Group has over $7.6 billion in assets (2005), and approximately 520 employees.

In 2010, Oriental acquired failed competitor Eurobank. On 2012, Oriental announced the acquisition of Spain's Banco Bilbao Vizcaya Argentaria's Puerto Rican unit for $500 million in cash. The deal is expected to be approved by regulators by the end of 2012.[2]

Subsidiaries[edit]

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

References[edit]

  1. ^ a b c Oriental Financial Corporate Information by Forbes.com
  2. ^ Oriental Financial to buy BBVA's Puerto Rican bank

External links[edit]