Oriental Financial Group to Hold Conference Call to Review Acquisition of Eurobank Operations from FDIC

May 18, 2010

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- Oriental Financial Group Inc. (NYSE: OFG) will host a conference call on Friday, May 21, 2010, at 8:30 AM Eastern Time with José R. Fernández, Vice Chairman of the Board, President and Chief Executive Officer; and Norberto González, Executive Vice President and Chief Financial Officer.

The call will be held to review the recently announced acquisition of Eurobank operations from the Federal Deposit Insurance Corporation. The call will be accessible live via a webcast on Oriental’s Investor Relations website at www.orientalfg.com. A webcast replay will be available shortly thereafter. Access the webcast link in advance to download any necessary software.

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