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OFG Bancorp (OFG)

-NYSE
16.76 Up 0.16(0.96%) Apr 17, 4:04PM EDT
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OFG Bancorp
Oriental Center
254 Mu
San Juan, PR 00918
United States - Map
Phone: 787-771-6800
Website: http://www.orientalbank.com

Details 
Index Membership:N/A
Sector:Financial
Industry:Money Center Banks
Full Time Employees:1,534

Business Summary 

OFG Bancorp, a financial holding company, provides various banking and financial services primarily in Puerto Rico. It operates in three segments: Banking, Financial Services, and Treasury. The Banking segment offers checking and savings accounts; mortgage, commercial, and consumer lending products; financial planning, insurance, financial service, and investment brokerage; and corporate and individual trust and retirement services. This segment operates 55 branches in Puerto Rico. The Financial Services segment offers securities brokerage, trust, retirement planning, insurance, pension administration, and other financial services. Its securities brokerage services cover various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients. This segment also provides managed accounts and mutual fund asset allocation programs; manages and participates in public offerings and private placements of debt and equity securities; and offers underwriting, merger-and-acquisition, and financial restructuring advisory services. In addition, this segment is engaged in the insurance agency and administration of retirement plans in the United States, Puerto Rico, and the Caribbean. The Treasury segment is involved in various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, Puerto Rico government and agency obligations, and money market instruments. OFG Bancorp serves mid and high net worth individuals, as well as families, including professionals and owners of small and mid-sized businesses. The company was founded in 1964 and is based in San Juan, Puerto Rico.

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Corporate Governance 
OFG Bancorp’s ISS Governance QuickScore as of Apr 1, 2014 is 7. The pillar scores are Audit: 1; Board: 6; Shareholder Rights: 9; Compensation: 5.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
 PayExercised
Mr. Jos Rafael Fern , 51
Vice Chairman, Chief Exec. Officer, Pres and Director of Oriental Bank & Trust
1.30M0.00
Dr. Ganesh Kumar , 50
Chief Financial Officer and Exec. VP
734.00K0.00
Mr. C A. Ortiz CPA, Esq., 39
Chief Accounting Officer and Sr. VP
304.00K4.00K
Mr. Norberto Gonz CPA, J.D., 55
Chief Risk Officer and Exec. VP
N/AN/A
Mr. Ram A. Rosado Esq., 50
Sr. VP and Treasurer
N/AN/A
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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