OFG Bancorp Declares Regular Quarterly Preferred Stock Cash Dividends

  OFG Bancorp Declares Regular Quarterly Preferred Stock Cash Dividends

Business Wire

SAN JUAN, Puerto Rico -- May 23, 2013

OFG Bancorp (NYSE: OFG) today announced that its Board of Directors declared
the following regular quarterly cash dividends on its preferred stock for the
second quarter ending June 30, 2013:

  *$21.875 per share on its 8.750% Non-Cumulative Convertible Perpetual
    Preferred Stock, Series C (CUSIP: 67103X607)
  *$0.4453125 per share on its 7.125% Non-Cumulative Perpetual Preferred
    Stock, Series D (CUSIP: 67103X409)

Preferred stock dividends are payable on July 15, 2013, to holders of record
on July 1, 2013, with an ex-dividend date of June 27, 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.ofgbancorp.com.


Puerto Rico:
OFG Bancorp
Alexandra López, 787-522-6970
Anreder & Company
Steven Anreder
or Gary Fishman
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