SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (OFG) and its subsidiary, Oriental Bank, are marking another milestone in their continuing journey as one of Puerto Rico’s leading and most technologically advanced, service-oriented financial institutions at the forefront of shaping the local banking industry.
Tomorrow, José Rafael Fernández, President and CEO of OFG Bancorp and Oriental Bank, together with company employees and clients, will gather to ring the Closing Bell of the New York Stock Exchange, celebrating the bank’s 50th anniversary and the 20th anniversary of OFG Bancorp’s exchange listing.
“We are proud of the role Oriental Bank has played over the last half century generating value for our clients, investors and the communities we serve,” Mr. Fernández said. “Oriental Bank stands unique in our market as an established leader in developing innovative solutions, through banking that focuses on accessibility, simplicity and speed, and achieving impressive growth.”
“None of this would have been possible without our talented people, new and long-time customers, supportive investors, and the contribution of our Board members, both present and past. This is no small accomplishment as there used to be dozens of different local, mainland and foreign banks in Puerto Rico.”
“As we continue to execute on our strategies, both retail and commercial clients are increasingly choosing Oriental. We’re excited about what the future holds.”
From the date of its NYSE listing on December 29, 1994 to yesterday, OFG Bancorp’s stock price (adjusted for dividends and splits) has increased more than 650% versus approximately 325% for the S&P 500.
Since its start as a regional savings and loan in Puerto Rico in 1964, OFG Bancorp has advanced to the number two or three market position in most categories through organic growth and its strategic acquisitions of Eurobank (2010) and BBVA’s Puerto Rico operations (2012).
Now, through the introduction of advanced services like FOTOdepósito, People Pay, and Cuenta Libre (“Freedom Account” in English), Oriental Bank is leading the way in technology enhanced banking, making it much easier for customers who prefer to access their accounts via mobile phone, tablet, web, debit / credit card, or ATMs, and want to avoid ATM fees.
Watch the live webcast of OFG’s Closing Bell here at 4 PM ET, Thursday, October 30, 2014: https://www.nyse.com/bell
About OFG Bancorp
Now in its 50th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S. and Puerto Rico banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a full range of commercial, consumer and mortgage banking services, as well as financial planning, trust, insurance, investment brokerage and investment banking services, primarily in Puerto Rico, through 55 financial centers. Investor information can be found at www.ofgbancorp.com.
- Financials Industry
- Finance
- Oriental Bank
- Closing Bell
- Puerto Rico
Puerto Rico:
OFG Bancorp
Alexandra López (allopez@orientalbank.com)
(787) 522-6970
or
US:
Anreder& Company
Steven Anreder (steven.anreder@anreder.com)
Gary Fishman (gary.fishman@anreder.com)
(212) 532-3232
OFG Bancorp
Alexandra López (allopez@orientalbank.com)
(787) 522-6970
or
US:
Anreder& Company
Steven Anreder (steven.anreder@anreder.com)
Gary Fishman (gary.fishman@anreder.com)
(212) 532-3232
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