OFG Bancorp

OFG Bancorp, founded in 1964, more commonly known as OFG or Oriental Bank, is a financial holding company located in San Juan, Puerto Rico. 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 Corp., and Oriental Insurance, Inc. Its headquarters are located at the Oriental Center, 15th Floor, 254 Muñoz Rivera Avenue, San Juan, PR 00918. OFG Bancorp, one of Puerto Rico's top three banks, has $9.8 billion in assets (2022), and approximately 2,253 employees (2022).

OFG Bancorp

Type	Public
Traded as	NYSE: OFG S&P 600 Component
Industry	Finance and Insurance
Founded	Humacao, Puerto Rico; 1964
Headquarters	San Juan, Puerto Rico
Key people	Jose Rafael Fernandez, President & CEO http://linkedin.com/in/jose-rafael-fernandez-83a05134 Julian S. Inclán, Chairman
Products	Banking Checking Accounts Insurance Stock Brokerage Investment Bank Asset-Based Lending Consumer finance
Revenue	US$ 625.73 million (2022)[1]
Net income	US$ 166.24 million (2022)[1]
Total assets	US$ 9.816 billion (2022)[1]
Total equity	US$ 1.042 billion (2022)[1]
Number of employees	2,253 (2022)
Website	www.ofgbancorp.com

In 2010, Oriental acquired failed competitor Eurobank. In late 2012, Oriental announced the acquisition of Spain's Banco Bilbao Vizcaya Argentaria's Puerto Rican unit for $500 million in cash.[2]

In 2019, OFG Bancorp acquired all branches of Scotiabank within Puerto Rico and The United States Virgin Islands territories as part of a $550M cash deal.

The company changed its name to OFG Bancorp from Oriental Financial Group in 2013.[3]