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Shareholders Approve Changing Name of Oriental Financial Group Inc. to OFG Bancorp

  Shareholders Approve Changing Name of Oriental Financial Group Inc. to OFG
  Bancorp

Business Wire

SAN JUAN, Puerto Rico -- April 24, 2013

Shareholders at today’s annual meeting approved changing the name of Oriental
Financial Group Inc. (NYSE: OFG) to OFG Bancorp. The change will be effective
Thursday, April 25, 2013.

The Company’s stock symbol and the names of its three principal operating
subsidiaries, Oriental Bank, Oriental Financial Services and Oriental
Insurance, remain unchanged.

“OFG Bancorp better reflects the transformation of the Company, and its future
growth plans,” said José Rafael Fernández, President, Chief Executive Officer
and Vice Chairman of the Board.

Also at the annual meeting, Mr. Fernández reported that the integration and
performance of the December 2012 acquisition of BBVA’s Puerto Rico operations
were going well. OFG plans to report its first quarter 2013 results after the
market closes on Thursday, April 25, 2013.

About OFG Bancorp

Now in its 49th year in business, OFG Bancorp is a diversified financial
holding company that operates under U.S. and Puerto Rico banking laws and
regulations. Its three principal subsidiaries, Oriental Bank, Oriental
Financial Services and Oriental Insurance, provide a full range of commercial,
consumer and mortgage banking services, as well as financial planning, trust,
insurance, investment brokerage and investment banking services, primarily in
Puerto Rico, through 64 financial centers. Investor information can be found
at www.orientalfg.com and will soon be available at www.ofgbancorp.com.

Contact:

Puerto Rico:
OFG Bancorp
Alexandra López, allopez@orientalfg.com
787-522-6970
or
US:
Anreder & Company
Steven Anreder, steven.anreder@anreder.com
Gary Fishman, gary.fishman@anreder.com
212-532-3232