Oriental Bank Surveillance Report

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” or “the commonwealth”). Other subsidiaries consist of a securities dealer and investment advisory firm and an insurance agency. The bank operates 42 offices, including two in the U.S. Virgin Islands. 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 U.S. banks.
OFG and the bank provide comprehensive banking and financial products and services, including commercial and consumer lending, including sizeable businesses in residential mortgage banking (origination and servicing), indirect auto finance, insurance (agent basis), investment brokerage, and trust and retirement services.
OFG purchased Bank of Nova Scotia’s Puerto Rican (“BNS PR”) and U.S.…

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