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OFG Bancorp (OFG)

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OFG Bancorp
Oriental Center
254 Munoz Rivera Avenue
San Juan, PR 00918
United States - Map
Phone: 787-771-6800
Fax: 787-771-6770

Index Membership:N/A
Industry:Money Center Banks
Full Time Employees:1,468

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, savings, and time deposit accounts; mortgage, commercial, consumer, and auto lending products; financial planning, insurance, financial service, and investment brokerage; and corporate and individual trust and retirement services. This segment operates 48 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 separately-managed accounts and mutual fund asset allocation programs; and manages and participates in public offerings and private placements of debt and equity securities, as well as provides 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 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 May 1, 2016 is 6. The pillar scores are Audit: 2; Board: 7; Shareholder Rights: 7; Compensation: 4.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. José Rafael Fernández , 53
Vice Chairman, Chief Exec. Officer, Pres and Director of Oriental Bank & Trust
Dr. Ganesh Kumar , 52
Chief Financial Officer and Exec. VP
Ms. Maritza Arizmendi CPA, Esq., 48
Chief Accounting Officer and Sr. VP of Corp. Fin.
Mr. César A. Ortiz CPA, Esq., 41
Chief Risk Officer and Sr. VP
Mr. Ramón A. Rosado Esq., 52
Sr. VP and Treasurer
Amounts are as of Dec 31, 2015 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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