OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, 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 LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918. OFG Bancorp has $10.6 billion in assets (2023), and approximately 2,248 employees (2023).

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OFG Bancorp

Company 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, CEO http://linkedin.com/in/jose-rafael-fernandez-83a05134 Julian S. Inclán, Chair Maritza Arizmendi Díaz, CFO
Products	Banking Checking Accounts Insurance Stock Brokerage Asset-Based Lending Consumer finance
Revenue	US$ 682.73 million (2023)[1]
Net income	US$ 181.87 million (2023)[1]
Total assets	US$ 10.588 billion (2023)[1]
Total equity	US$ 1.111 billion (2023)[1]
Number of employees	2,248 (2023)[1]
Website	www.ofgbancorp.com

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

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

In 2019, OFG Bancorp acquired all operations of Scotiabank within Puerto Rico and The United States Virgin Islands territories as part of a $550M cash deal.^[4]

In 2023, OFG CEO José Rafael Fernández was named American Banker's Community Banker of the Year.^[5] Fernández credited the honor to the efforts of the entire team at Oriental over the last 20 years.^[6]

• Oriental Bank
• Oriental Financial Services LLC
• Oriental Insurance LLC