SAN JUAN, Puerto Rico--(BUSINESS WIRE)--April 20, 2004--Oriental Financial Group Inc. (NYSE: OFG), a financial holding company specializing in banking and financial services, announced today that it expects to report results for the third fiscal quarter ended March 31, 2004 after the market closes on Monday, April 26, 2004.

About Oriental Financial Group

Oriental Financial Group Inc. is a financial holding company operating under U.S. and Puerto Rico banking laws and regulations. It provides comprehensive financial services to its clients throughout Puerto Rico and offers third party pension plan administration in the continental U.S. and Puerto Rico through a wholly owned subsidiary, Caribbean Pension Consultants, Inc., which is headquartered in Boca Raton, Florida. The Group's core businesses include a full range of mortgage, commercial and consumer banking services offered through 23 financial centers in Puerto Rico, as well as financial planning, trust, insurance, investment brokerage and investment banking services. More information about the Group may be obtained at www.OrientalOnline.com.

Forward-Looking Statements

This release may contain forward-looking statements that reflect management's beliefs and expectations and are subject to risks and uncertainties inherent to the Group's business, including, without limitation, the effect of economic and market conditions, the level and volatility of interest rates, and other considerations.

    CONTACT: In Puerto Rico:
             Oriental Financial Group Inc.
             Robert P. Schoene, 787-720-2638
             In New York City:
             For Oriental Financial Group Inc.
             Steven Anreder and Gary Fishman, 800-421-1003

    SOURCE: Oriental Financial Group Inc.