OFG Bancorp

OFG is a financial holding company based in San Juan, Puerto Rico. It operates under the U.S. Bank Holding Company Act of 1956 and is regulated by the Federal Reserve Board. OFG's main subsidiary is Oriental Bank, a Federal Deposit Insurance Corporation (FDIC) insured Puerto Rico commercial bank established in 1964. OFG offers a full range of banking and financial services through Oriental Bank and other subsidiaries. These services include commercial, consumer, auto, and mortgage lending, financial planning, insurance sales, investment advisory, security brokerage, and corporate trust services. OFG is structured into three primary business segments: Banking, Wealth Management, and Treasury. The company primarily serves clients in Puerto Rico and the U.S. Virgin Islands, with certain loan products also available in the continental United States. Its operations include Oriental Financial Services LLC, a securities broker-dealer and investment adviser; Oriental Insurance, LLC, an insurance agency; OFG Reinsurance Ltd, a captive reinsurance company; OFG Ventures LLC, which holds investments; OFG USA LLC, a commercial lender operating out of Charlotte, North Carolina; and OBPEF LLC, a private equity fund under the Puerto Rico Incentives Code, which finances eligible borrowers to support Puerto Rico's economic development. Most subsidiaries are based in San Juan, Puerto Rico, and the USVI, except for OFG USA (Delaware), OFG Reinsurance (Cayman Islands), and OFG Ventures (Delaware).