SAN JUAN, Puerto Rico--(BUSINESS WIRE)--
Oriental Financial Group Inc. (NYSE: OFG) today named José Ramón
González as Senior Executive Vice President, Banking & Corporate
Development, a new position.
Mr. González will assume responsibility for all areas of Oriental’s
growing commercial banking business, including commercial products and
services acquired in the FDIC-assisted Eurobank acquisition. He will
develop and implement plans to expand the Group’s commercial market
share. Mr. González will report to José Rafael Fernández, Vice Chairman
of the Board, President and Chief Executive Officer.
Mr. González served as a member of the Board of Directors of Santander
BanCorp., a bank holding company, (NYSE: SBP) since 2000. From 2002 to
2008, he was Vice Chairman of the Board, President and CEO of Santander.
After joining Santander in 1996 as President and CEO of its securities
broker dealer, Mr. González was named Senior Executive Vice President
and Chief Financial Officer of the holding company in 2001. Mr. González
is a member of the Board of Directors of the Federal Home Loan Bank of
New York, which he joined in 2004, and its Vice Chairman since 2008.
“We are pleased to have an executive of José’s caliber join Oriental as
we build our commercial banking franchise,” said Mr. Fernández. “During
his 12 years as an executive at Santander, particularly during his
tenure as CEO, José expanded Santander's footprint in Puerto Rico by
building its commercial business and by acquiring assets and businesses
of other banks.”
Mr. González, 55, began his career in banking in the early 1980s as Vice
President, Investment Banking, for Credit Suisse First Boston (CSFB),
and later, from 1989 through 1995, as President and CEO of CSFB’s Puerto
Rico operations. He served as President and CEO of the Government
Development Bank for Puerto Rico, a government instrumentality that acts
as the Commonwealth’s fiscal agent, from 1986 to 1989. Mr. González has
a B.A. in Economics from Yale University and an M.B.A. and Juris Doctor
from Harvard University. He is a past President of the Puerto Rico
Bankers Association and the Securities Industry Association of Puerto
Rico.
About Oriental Financial Group
Oriental Financial Group Inc. is a diversified financial holding company
operating under U.S. and Puerto Rico banking laws and regulations. Now
in its 46th year in business, Oriental provides a full range
of mortgage, commercial and consumer banking services through more than
40 Oriental Group financial centers in Puerto Rico, as well as financial
planning, trust, insurance, investment brokerage and investment banking
services. Investor information about Oriental can be found at www.orientalfg.com.
Forward-Looking Statements
This news 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 risks and considerations
detailed in the Group’s filings with the Securities and Exchange
Commission. These or other factors could cause actual results to differ
materially from forward-looking statements. The Group also disclaims any
obligations to update information contained in this news release because
of developments occurring after the date of issuance.
Source: Oriental Financial Group Inc.
Contact:
Puerto Rico:
Oriental Financial Group Inc.
Marilyn
Santiago-Colón, 787-993-4648
or
U.S.:
Anreder &
Company
Steven Anreder and Gary Fishman, 212-532-3232