Summary
OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto, and mortgage lending services; financial planning and insurance services; and corporate and individual trust, and retirement services. It also provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. In addition, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Further, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company operates through a network of 50 branches in Puerto Rico and 2 branches in USVI. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.
History
Once known as Banco Oriental, OFG Bancorp was founded in 1964 by a group of businessmen and professionals in Puerto Rico’s capital of San Juan. In the early 2000s, OFG turned its sights on expansion and began acquiring other banking institutions on the island. As a result, the company has now become the largest financial institution in Puerto Rico in terms of deposits and the eighth-largest Hispanic-owned U.S. public company.
Mission
Our mission is to be the premier financial services company in Puerto Rico, providing our customers with superior service, innovative products, and sound financial solutions.
Vision
Our vision is to be the leading financial services company in Puerto Rico and the Caribbean, providing the utmost in customer satisfaction and value for shareholders.
Key Team
Krisen Aguirre Torres (VP Financial Reporting & Accounting Control)
Mr. Jose E. Cabrera Lazaro (Chief Risk & Compliance Officer)
Mr. Gary M. Fishman (IR Contact)
Ms. Jennifer Zapata Nazario (Sr. VP of HR)
Hugh Gonzalez-Robison (Gen. Counsel)
Mr. Luis Alejandro CPA, C.I.S.A. (Sr. VP and Sr. VP of Branch Admin.)
General Carlos A. Viña CPA (Sr. VP of Oriental Insurance)
Recognition and Awards
OFG Bancorp has many awards from business groups and institutions, including: The Puerto Rico Bankers Association’s Quality Customer Service Award, The Global Banking & Finance Review’s Best Private Bank in Puerto Rico Award, and The Puerto Rico Business Hall of Fame’s Businessperson of the Year Award.
References
United States 