History of Innovation and Leadership Continues, with Focus on
Delivering Best Banking Experience in Puerto Rico
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--
OFG Bancorp (NYSE: OFG) and its subsidiary, Oriental Bank, are marking
another milestone in their continuing journey as one of Puerto Rico’s
leading and most technologically advanced, service-oriented financial
institutions at the forefront of shaping the local banking industry.
Tomorrow, José Rafael Fernández, President and CEO of OFG Bancorp and
Oriental Bank, together with company employees and clients, will gather
to ring the Closing Bell of the New York Stock Exchange, celebrating the
bank’s 50th anniversary and the 20th anniversary of OFG Bancorp’s
exchange listing.
“We are proud of the role Oriental Bank has played over the last half
century generating value for our clients, investors and the communities
we serve,” Mr. Fernández said.
“Oriental Bank stands unique in our market as an established leader in
developing innovative solutions, through banking that focuses on
accessibility, simplicity and speed, and achieving impressive growth.”
“None of this would have been possible without our talented people, new
and long-time customers, supportive investors, and the contribution of
our Board members, both present and past. This is no small
accomplishment as there used to be dozens of different local, mainland
and foreign banks in Puerto Rico.”
“We have already begun working on the next 50 years, extending our
legacy of being a bank that acts with our customers foremost in mind,
making their lives easier and helping make their financial goals
possible.”
“As we continue to execute on our strategies, both retail and commercial
clients are increasingly choosing Oriental. We’re excited about what the
future holds.”
From the date of its NYSE listing on December 29, 1994 to yesterday, OFG
Bancorp’s stock price (adjusted for dividends and splits) has increased
more than 650% versus approximately 325% for the S&P 500.
Since its start as a regional savings and loan in Puerto Rico in 1964,
OFG Bancorp has advanced to the number two or three market position in
most categories through organic growth and its strategic acquisitions of
Eurobank (2010) and BBVA’s Puerto Rico operations (2012).
Now, through the introduction of advanced services like FOTOdepósito,
People Pay, and Cuenta Libre (“Freedom Account” in English), Oriental
Bank is leading the way in technology enhanced banking, making it much
easier for customers who prefer to access their accounts via mobile
phone, tablet, web, debit / credit card, or ATMs, and want to avoid ATM
fees.
Watch the live webcast of OFG’s Closing Bell here at 4 PM ET, Thursday,
October 30, 2014: https://www.nyse.com/bell
About OFG Bancorp
Now in its 50th year in business, OFG Bancorp is a
diversified financial holding company that operates under U.S. and
Puerto Rico banking laws and regulations. Its three principal
subsidiaries, Oriental Bank, Oriental Financial Services and Oriental
Insurance, provide 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 55 financial centers. Investor information can be
found at www.ofgbancorp.com.
Puerto Rico:
OFG Bancorp
Alexandra López (allopez@orientalbank.com)
(787)
522-6970
or
US:
Anreder& Company
Steven
Anreder (steven.anreder@anreder.com)
Gary
Fishman (gary.fishman@anreder.com)
(212)
532-3232
Source: OFG Bancorp