Company Profile
- Oriental Bank (“the bank”) is the key operating subsidiary of OFG Bancorp (NYSE: “OFG” or “company”), a financial holding company domiciled in Puerto Rico (“PR”). The bank operates 45 banking offices as of 3Q24, including three in the U.S. Virgin Islands.
- OFG provides comprehensive banking and financial products and services, including commercial and consumer lending, including sizeable businesses in residential mortgage and auto finance, insurance (agent), investment brokerage, trust and retirement services, and mortgage loan servicing.
- OFG USA, LLC is a wholly owned subsidiary of the bank that engages in U.S. commercial lending activities, primarily through loan participations purchased or syndicated loans with select regulated banks.
- OFG’s all-cash acquisition of Bank of Nova Scotia’s Puerto Rican (“BNS PR”) and U.S. Virgin Islands banking operations on December 31, 2019, contributed about $3 billion in deposits and 19 banking…