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.

The Oriental Promise: Progress for All We Serve

  • 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 smart financial solutions.

Products and Services

  • 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.

Market Leadership (as of 12/31/19)

  • #2 in Auto Loans with 20% share.
  • #2 in Consumer Loans (excluding credit cards) with 20% share.
  • #2 in IRAs with 19% share.
  • #2 in Deposits with 12% share.
  • #3 in Commercial Loans with 17% share.
  • #4 in Mortgage Originations with 9% share.

Major Acquisitions

  • 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.