Oriental donates sneakers to residents of Casa Manuel Fernández Juncos shelter
August 3, 2012
As part as its commitment to support nonprofit organizations that help those in need, Oriental recently donated new sneakers to boys living at Casa Manuel Fernández Juncos.
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Oriental reports $13.8M in 2Q profit
July 24, 2012
Oriental Financial Group reported Monday $13.8 million in profits for the second quarter ended June 30.
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Analyst: Buying BBVA’s Puerto Rico operations will ‘immediately transform’ Oriental Bank
July 2, 2012
Last week’s announcement by Oriental Financial Group of its intention to buy BBVA Puerto Rico’s operation for $500 million will “immediately transform” the former’s day-to-day operations into a more bank-like institution, something management has been striving for in recent years, an industry analyst said over the weekend.
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Oriental Financial Group to acquire BBVA Puerto Rico for $500M
June 28, 2012
Oriental Financial Group Inc. has entered into an definitive agreement to buy Banco Bilbao Vizcaya Argentaria, S.A.’s Puerto Rico operations for $500 million in cash, the companies announced this morning.
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Robinson School sweeps 5th annual ‘Stock Market Game’ competition
June 4, 2012
A team of students from San Juan’s Robinson School won this year’s local “The Stock Market Game” competition sponsored by the New York Stock Exchange and organized locally by Oriental Financial Group.
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Oriental taps on ‘agility’ to boost commercial banking
May 23, 2012
Oriental Financial Group’s staff is literally lacing up its sneakers to keep up the pace with the goal the company has placed at the finish line: growing its commercial banking division at a brisk rate and closing $500 million in new loans this year.
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Oriental reports solid 1Q ’12 results
April 24, 2012
Oriental Financial Group Inc.'s conversion into a more traditional bank following the April 2010 acquisition of the defunct EuroBank seems to be going in the right direction, as on Monday the financial institution announced $9.5 million in income for the first quarter ended Mar. 31.
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Oriental launches IRA campaign to benefit nonprofits
February 29, 2012
Looking to lend a hand to Puerto Rico nonprofits, Oriental Bank & Trust is taking a different approach to its Individual Retirement Account program this year, launching Tuesday a product that lets customers who open an account choose an organization that will benefit from a cash donation from the bank.
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Oriental reports 4Q ’11 losses tied to string of one-time charges
January 31, 2012
Oriental Financial Group Inc. reported a loss of $13.1 million during the fourth quarter of 2001, sharply contrasting the positive results for the same year-ago quarter, when it recorded $3.9 million in income. The result for the quarter ended Dec. 31, 2011 also reflected a drop from the $15.6 million in the books for the prior quarter ended Sept. 30.
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Banking sector ‘optimistic’ about ’12
January 10, 2012
Following a year taken up mostly by efforts to stabilize operations, the banking sector is ready to regain full financial footing and begin growing loan portfolios in 2012. All that activity should yield a much-needed positive effect on the economy, several high-ranking bankers told News is my Business.
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Top Oriental exec joins ICANN committee
September 10, 2011
Oriental Financial Group’s Executive Vice President and CEO, Ganesh Kumar, was selected as a member of an at-large advisory committee (ALAC) from the North American region of the Internet Corporation for Assigned Names and Numbers (ICANN).
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Oriental inaugurates Hato Rey brokerage office
September 1, 2011
Looking to continue building upon the services it offeres 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.
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Oriental’s commercial loan production jumps 126% year-over-year in 2Q
August 3, 2011
Oriental Bank and Trust’s new and expanded commercial banking structure is starting to show the results of the growth that came with last year’s acquisition of the defunct Eurobank, with commercial loan production reaching $46 million during the second quarter, an increase of about 126 percent year-over-year, bank officials said Tuesday.
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Oriental reports $25.3M in 2Q income
July 22, 2011
Oriental Financial Group Inc. released results for the second quarter ended June 30 that reflected income of $25.3 million, a significant increase from the $4.2 million loss reported for the same quarter in 2010 and a profit of $1.9 million for the first quarter that ended in March.
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Oriental reports $13.1M in 1Q net income
April 29, 2011
Oriental Bank, one of only several financial institutions doing business in Puerto Rico that weathered last year’s banking debacle, reported $13.1 million in net income for the first quarter of 2011, up 4.7 percent from the same period last year.
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