Looking to continue building upon the services it offers in the area of investments, Oriental Financial Services will officially inaugurate today its new brokerage office in Hato Rey. The inauguration had to be pushed off a week because of Hurricane Irene.
The $450,000 facilities is designed to receive Oriental customers who need service from the seven brokers and financial advisers on hand.
“The location of this new brokerage house in the heart of the Golden Mile in Hato Rey offers greater accessibility for our customers, many of whom work in the area or have close links with our island’s financial center,” said José Rafael Fernández, Oriental CEO.
The opening of this new brokerage house is in keeping with Oriental’s strategy to maintain its leadership in the area of investments among local banks, bank officials said. Eighteen years ago, Oriental was the first local financial institution to establish a brokerage house within a bank.
“After nearly two decades, it has a team of experts in the area of financial planning and investments to work closely with each client to achieve the goals that will result in progress,” the bank said.
In related news, Oriental Financial Group announced Wednesday that its Board of Directors declared a regular quarterly cash dividend of $0.05 per common share for the quarter ending September 30, 2011 payable on October 14, 2011, to holders of record on September 30, 2011, with an ex-dividend date of September 28, 2011.