OFG Bancorp reports $127.7M in 1Q21 revenue, benefits on loan originations
April 22, 2021
OFG Bancorp, the financial holding company for Oriental Bank, reported results for the first quarter ended March 31, 2021, which reflected $127.7 million in revenue, a slight drop when compared to $132.8 million reported for the fourth quarter of 2020. The financial institution explained that the last quarter of 2020 benefited from $3.9 million in […]
chat_bubble0 Comment
visibility1616 Views
’21 Tax Season: Benefits of an IRA account
March 8, 2021
Are you looking to save for your retirement, or do you need a tool that gives you tax relief? An IRA account can help you save for your retirement and at the same time receive a tax relief you need. Here are some of the benefits you will receive with an IRA account: It is […]
chat_bubble0 Comment
visibility1757 Views
Oriental expands access to PPP loans under new guidelines
March 3, 2021
Oriental announced it will expand access to loans for small and medium-sized businesses (SMEs) under the US Small Business Administration’s new guidelines for the Payroll Protection Program (PPP). Oriental has already awarded some $300 million in loans to more than 3,500 businesses between the first round and so far in the second round of this […]
chat_bubble0 Comment
visibility1343 Views
OFG Bancorp reports $132.8M in 4Q20 revenue
January 26, 2021
OFG Bancorp, the financial holding company of San Juan-based Oriental Bank, reported results for the fourth quarter and year ended Dec. 31, 2020, revealing $132.8 million and $519.3 million in revenue, respectively. While the result for the final three month period of last year showed a 35% increase from the versus $98.4 million reported during […]
chat_bubble0 Comment
visibility1430 Views
Op-Ed: Which IRA is best for me?
January 5, 2021
To maximize returns on your investment, you will need to choose diversified instruments at terms of five years or more. One of the instruments most commonly used by local investors is Oriental’s Diversified Growth IRA (DGI)1, which also offers the tax relief everyone is looking for when the time comes to file taxes, as every […]
chat_bubble0 Comment
visibility1395 Views
Oriental starts integrating former Scotiabank customers today
November 6, 2020
Financial institution Oriental announced that starting at noon today, it will begin its integration of the former Scotiabank platform. The process will take place over the weekend and will be completed at 8:30 a.m. Monday, bank officials said. To achieve the migration, former Scotiabank branches will be closed Saturday and Sunday, it was further announced. […]
chat_bubble0 Comment
visibility1572 Views
Oriental CEO: Puerto Rico seeing ‘beginnings of an economic rebound’
October 26, 2020
Puerto Rico is starting to see the “beginnings of an economic rebound,” as the effects of the influx of federal economic aid and the possibility of the return of pharmaceutical companies are putting the island in a better position heading forward. That optimism is there for José Rafael Fernández, CEO of OFG Bancorp, the financial […]
chat_bubble0 Comment
visibility1729 Views
Oriental opens website for PPP loan forgiveness application process
October 21, 2020
Puerto Rican financial institution Oriental announced this week it will open a website for clients who received a loan through the U.S. Small Business Administration’s Payroll Protection Program to request forgiveness of all or part of their loan. The client must comply with the guidelines from the U.S. Department of the Treasury and the SBA. “As with […]
chat_bubble0 Comment
visibility2401 Views
Oriental offers COVID-19 tests to employees in partnership with CorePlus
October 16, 2020
For the second straight year, financial institution Oriental is sponsoring its “Your Health on the Road” program, in which, together with its health providers, it offers preventive clinics to employees. This year, Oriental entered into a partnership with its client CorePlus Clinical and Pathological Services, a laboratory specialized in the management of COVID-19 tests, to […]
chat_bubble0 Comment
visibility1191 Views
Oriental launches new service for commercial banking customers in Puerto Rico, US
October 14, 2020
Oriental is announcing the launch of a unique new service for their commercial banking customers in Puerto Rico and the U.S. mainland – Fast Cash Multi Account. With this service, made possible through a partnership with Loomis, Oriental customers may make cash deposits from their premises to any Oriental Bank account without having to visit […]
chat_bubble0 Comment
visibility1353 Views
Oriental awards $100K in college scholarships
August 21, 2020
Financial institution Oriental recently awarded $91,000 in scholarships to 21 college students as part of its institutional scholarship program for children of employees. The scholarships are aimed at students in the areas of science, technology, engineering, mathematics and business administration. “This year things have been different for everyone, as a result of COVID-19 we’ve had […]
chat_bubble0 Comment
visibility1088 Views
Oriental reports $20.2M in net income for 2Q20, capitalizes on tech during pandemic
July 27, 2020
OFG Bancorp, the parent company of Oriental bank, reported net income available to common shareholders totaled $20.2 million or $0.39 per share fully diluted, for the second quarter ended June 30. As other banks did, Oriental “faced a number of Covid-19 pandemic related challenges during the second quarter, but acting promptly and with foresight, we […]
chat_bubble0 Comment
visibility1129 Views
11th edition of Oriental’s Summer Internship Program kicks off
June 5, 2020
The 11th edition of Oriental’s Summer Internship Program for college students has been announced, this time remotely, bank officials said. The program seeks to expose students and recent graduates to a “broad and integrated work experience.” The nine-week program will have six participants this year. “This year we face different challenges, we’re experiencing a health […]
chat_bubble0 Comment
visibility1025 Views
Oriental approves $275M+ in Payroll Protection Program loans
May 7, 2020
Puerto Rico-based financial institution Oriental confirmed that as a result of the first and second round of the SBA (7a) Payroll Protection Program, granted more than $275 million in loans, benefiting 3,300 businesses and 58,000 employees of small and mid-sized businesses. “We’re closing this first and second-round process, achieving excellent results, supporting our small and […]
chat_bubble0 Comment
visibility1187 Views
OFG Bancorp reports $131.3M in 1Q20 revenue, remains well-capitalized in pandemic
April 30, 2020
OFG Bancorp, parent of Oriental bank, reported $131.3 million in revenue for the first quarter ended Mar. 31, 2020, with a strong increase in due to its acquisition of the Puerto Rico and U.S. Virgin Islands operations of The Bank of Nova Scotia (Scotiabank), bank officials said. Upon disclosing its latest results, the financial institution […]
chat_bubble0 Comment
visibility1414 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA