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    OFG Bancorp (OFG)

    8.37 Down 0.02(0.24%) Nov 27, 1:02PM EST
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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

    Index Membership:N/A
    Industry:Money Center Banks
    Full Time Employees:1,491

    Business Summary 

    OFG Bancorp, a financial holding company, provides various banking and financial services primarily in Puerto Rico. It operates in three segments: Banking, Wealth Management, 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 53 branches in Puerto Rico. The Wealth Management 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 involved 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.

    Key Statistics

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    Corporate Governance 
    OFG Bancorp’s ISS Governance QuickScore as of Nov 1, 2015 is 8. The pillar scores are Audit: 2; Board: 9; Shareholder Rights: 7; Compensation: 6.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
    Mr. Jose Rafael Fernandez , 52
    Vice Chairman, Chief Exec. Officer, Pres and Director of Oriental Bank & Trust
    Dr. Ganesh Kumar , 51
    Chief Financial Officer and Exec. VP
    Ms. Maritza Arizmendi CPA, Esq., 47
    Chief Accounting Officer and Sr. VP of Corp. Fin.
    Mr. César A. Ortiz CPA, Esq., 40
    Sr. VP and Chief Risk Officer
    Mr. Ramón A. Rosado Esq., 51
    Sr. VP and Treasurer
    Amounts are as of Dec 31, 2014 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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