Corporate Profile

Who We Are

OFG Bancorp, based in San Juan, is a financial holding company operating under U.S., Puerto Rico, and U.S Virgin Islands banking laws and regulations
Our principal subsidiaries are Oriental Bank, Oriental Financial Services and Oriental Insurance
Founded in 1964, Oriental today is one of the largest banks in Puerto Rico and U.S Virgin Islands, serving the needs of consumers, businesses and institutions

We enable clients, partners and communities in Puerto Rico and US Virgin Islands to realize their goals, aspirations and dreams through simplified experience, continuous financial education and sound financial solutions

Consumer banking and lending, including auto loans, residential mortgages, consumer finance, and credit cards
Commercial banking, including business loans, commercial mortgages and leasing, cash management, transactional services and international trade financing
Wealth management for individuals and businesses, including financial planning, money management, investment brokerage, corporate and individual trust, retirement products, and insurance

December 31, 2019: OFG acquired the Puerto Rico and U.S. Virgin Islands operations of The Bank of Nova Scotia (Scotiabank)
December 18, 2012: OFG acquired the Puerto Rico operations of Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)
April 30, 2010: OFG acquired selected loans, deposits and businesses of Puerto Rico-based Eurobank through an FDIC assisted transaction

1964: Oriental Federal Savings and Loan Association founded in Humacao, Puerto Rico
1987: Initial public offering of common stock on NASDAQ
1990: First local bank to have a trust division through acquisition of a subsidiary of Drexel Burnham Lambert Puerto Rico
1992: First bank in Puerto Rico to be listed on the American Stock Exchange
1993: First bank in Puerto Rico to establish a broker-dealer (Oriental Financial Services)
1994: Share listing moved to the New York Stock Exchange
1995: Insurance subsidiary established
2004: José Rafael Fernández named president; leads the transformation to a bank offering the full range of commercial and retail banking services
2010: Acquired selected loans, deposits and businesses of Puerto Rico-based Eurobank
2012: Acquired Puerto Rico operations of Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)
2013: Corporate name changed to OFG Bancorp
2014: Oriental Bank becomes a pioneer in online and mobile banking in Puerto Rico with the launch of FOTOdeposit and People Pay
2019: Acquired Puerto Rico and U.S. Virgin Islands operations of The Bank of Nova Scotia (Scotiabank)
2023: Oriental Servicing Portal launched, enabling access to a growing number retail products and services from one online and mobile friendly site
2024: 60th anniversary of OFG Bancorp and Oriental Bank