SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- The Board of Directors of Oriental Financial Group Inc. (NYSE: OFG) will ask shareholders at the annual meeting on April 24, 2013 to change the Company’s name to OFG Bancorp.

“OFG Bancorp better reflects the Company’s broader banking scope,” said José Rafael Fernández, President, Chief Executive Officer and Vice Chairman of the Board.

The names of the Company’s three principal operating subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, will remain unchanged.

ABOUT ORIENTAL FINANCIAL GROUP

Oriental Financial Group Inc. is a diversified financial holding company that operates under U.S. and Puerto Rico banking laws and regulations, principally through its three subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance. Now in its 49th year in business, Oriental provides a full range of commercial, consumer and mortgage banking services, as well as financial planning, trust, insurance, investment brokerage and investment banking services, primarily in Puerto Rico, through 64 financial centers. Investor information about Oriental can be found at www.orientalfg.com.

Puerto Rico:
Oriental Financial Group Inc.
Alexandra López, 787-522-6970
allopez@orientalfg.com
or
US:
Anreder & Company
Steven Anreder (steven.anreder@anreder.com)
Gary Fishman (gary.fishman@anreder.com)
212-532-3232

Source: Oriental Financial Group Inc.