Oriental Financial Group, Inc., a financial holding company, provides a range of financial products and services primarily in Puerto Rico and Florida. The company, through Oriental Bank and Trust, offers banking services, such as commercial and consumer lending, saving and time deposit products, financial planning, and corporate and individual trust and retirement services, and mortgage lending services, as well as operates an international banking entity Oriental International Bank, Inc. It also provides deposits and mortgage, commercial, and consumer loans, as well as engages in the origination, purchase, and sale of residential mortgage loans to other financial institutions in the secondary market. As of December 31, 2007, the bank had 24 branches in Puerto Rico. The company, through its subsidiaries, also provides financial services, including fiduciary, insurance, and pension administration services; investment banking services; and securities brokerage services covering various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients. It also offers 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 insurance agency services. Further, the company offers checking and savings accounts; and asset management and investment brokerage services, as well as the administration of retirement plans. It primarily serves mid and high net worth individuals and families, including professionals and owners of small and mid-sized businesses. The company was founded in 1964 and is based in San Juan, Puerto Rico.
$1.5 (03/03/09)
