OFG Bancorp
- Not to be confused with Oriental Bank (New York), which merged with Consolidated National Bank in 1909.
| Company type | Public |
|---|---|
| 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