OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in

San Juan San Juan, Spanish for Saint John (disambiguation), Saint John, most commonly refers to: * San Juan, Puerto Rico * San Juan, Argentina * San Juan, Metro Manila, a highly urbanized city in the Philippines San Juan may also refer to: Places Arge ...

Puerto Rico ; abbreviated PR), officially the Commonwealth of Puerto Rico, is a Government of Puerto Rico, self-governing Caribbean Geography of Puerto Rico, archipelago and island organized as an Territories of the United States, unincorporated territo ...

. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918. OFG Bancorp has $11.5 billion in assets (2024), and approximately 2,246 employees (2024). In 2010, Oriental acquired failed competitor Eurobank. In late 2012, Oriental completed the acquisition of Spain's

Banco Bilbao Vizcaya Argentaria Banco Bilbao Vizcaya Argentaria, S.A. (), better known by its initialism BBVA, is a Spanish multinational financial services company based in Bilbao, with operative offices in Madrid. It is one of the largest financial institutions in the world, ...

's Puerto Rican unit for $500 million in cash. The company changed its name to OFG Bancorp from Oriental Financial Group in 2013. In 2019, OFG Bancorp acquired all operations of

Scotiabank The Bank of Nova Scotia (), operating as Scotiabank (), is a Canadian multinational corporation, multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five (banks), Big Five banks, it is the ...

within Puerto Rico and The United States Virgin Islands territories as part of a $550M cash deal. In 2023, OFG CEO José Rafael Fernández was named American Banker's Community Banker of the Year. Fernández credited the honor to the efforts of the entire team at Oriental over the last 20 years. He was named Chairman of OFG Bancorp in 2024.

Subsidiaries

* Oriental Bank * Oriental Financial Services LLC * Oriental Insurance LLC

References

External links

Official site (Puerto Rico)

Official site (Puerto Rico)

Financial highlights
{{Authority control Banks of Puerto Rico Companies based in San Juan, Puerto Rico Companies listed on the New York Stock Exchange 1964 establishments in Puerto Rico