Oriental Financial Group

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Not to be confused with Oriental Bank (New York), which merged with Consolidated National Bank in 1909.
Oriental Financial Group, Inc.
Public
Traded as NYSEOFG
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$ 230.45 million (2005)[1]
US$ 37.61 million (2005)[1]
Number of employees
520 (2005)[1]
Website www.orientabank.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 (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 was expected to be approved by regulators by the end of 2012.[2]

Subsidiaries[edit]

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