OFG Bancorp Announces Resignation of José R. González to Become EVP of FHLB of New York

  OFG Bancorp Announces Resignation of José R. González to Become EVP of FHLB
  of New York

Business Wire

SAN JUAN, Puerto Rico -- September 23, 2013

OFG Bancorp (NYSE:OFG) today announced that José Ramón González has resigned
as SEVP-Banking & Corporate Development to accept a position as EVP of the
Federal Home Loan Bank of New York (“FHLBNY”). FHLBNY helps lenders in New
Jersey, New York, Puerto Rico and the U.S. Virgin Islands advance housing and
community growth. Mr. González’s resignation is effective October 4, 2013.

José Rafael Fernández, President, Chief Executive Officer and Vice Chairman of
the Board of OFG, thanked Mr. González for his contribution to the success of
OFG, which he joined in 2010. “José Ramón has put in place a great team that
will assure OFG’s ability to continue to grow our commercial and retail
banking operations,” said Mr. Fernández. “This is a special opportunity for
him. We wish him the best of luck and success.”

Mr. González said, “I want to thank José Rafael, as well as the many people at
OFG with whom it was my pleasure to be associated, for their collaboration and
support. OFG is in excellent hands, in strong condition, and with a bright

Mr. González is a member of the Board of Directors of the FHLBNY, which he
joined in 2004, and its Vice Chairman since 2008, a position he is resigning
effective September 30, 2013 to accept the executive position. He is a past
President of the Puerto Rico Bankers Association, the Securities Industry
Association of Puerto Rico, and the Government Development Bank for Puerto
Rico. Prior to joining OFG, Mr. González served since 2000 as a member of the
Board of Directors of Santander BanCorp, and from 2002 to 2008, as Vice
Chairman of the Board, President and CEO.

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 56 financial centers. Investor information can be found
at www.ofgbancorp.com.


Puerto Rico:
OFG Bancorp
Alexandra López, 787-522-6970
Anreder & Company
Steven Anreder, 212-532-3232
Gary Fishman, 212-532-3232
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