Financial holding company offering banking and financial services through its subsidiary, Oriental Bank, primarily in Puerto Rico.
OFG Bancorp operates as a prominent financial holding company, delivering a comprehensive range of banking and financial services across its diverse segments. Established in 1964 and headquartered in San Juan, Puerto Rico, the company operates through three key segments: Banking, Wealth Management, and Treasury. In the Banking segment, OFG Bancorp provides a spectrum of services including checking and savings accounts, time deposits, and a wide array of lending products such as commercial, consumer, auto, and mortgage loans. This segment also encompasses corporate and individual trust services, retirement planning, and insurance products.
The Wealth Management segment of OFG Bancorp offers securities brokerage, investment advisory services, and financial planning to both retail and institutional clients. These services include investment alternatives like fixed income securities, mutual funds, stocks, and bonds. The company also engages in asset management activities through the administration and servicing of retirement plans, along with treasury-related functions involving investment portfolios consisting of mortgage-backed securities and U.S. Treasury securities.
With a robust presence in Puerto Rico and the U.S. Virgin Islands, OFG Bancorp operates through a network of 50 branches, serving its clientele with personalized banking solutions and investment services. The company's strategic focus on asset/liability management, investment banking, and comprehensive financial planning underscores its commitment to delivering value and financial security to its customers while driving growth and sustainability in the communities it serves.