OFG Bancorp

OFG Bancorp a financial holding company provides a range of banking and financial services It operates through three segments Banking Wealth Management and Treasury The company offers checking and savings accounts as well as time deposit products commercial consumer auto and mortgage lending services financial planning and insurance services and corporate and individual trust and retirement services It also provides securities brokerage and investment advisory services including various investment alternatives such as taxadvantaged fixed income securities mutual funds stocks and bonds to retail and institutional clients and separatelymanaged accounts and mutual fund asset allocation programs In addition the company engages in the insurance agency and reinsurance businesses administration and servicing of retirement plans various treasuryrelated functions with an investment portfolio consisting of mortgagebacked securities obligations of US government sponsored agencies and US Treasury securities and money market instruments and management and participation in public offerings and private placements of debt and equity securities Further it offers money management and investment banking services and engages in the assetliability management activities such as purchases and sales of investment securities interest rate risk management derivatives and borrowings The company operates through a network of 50 branches in Puerto Rico and 2 branches in USVI OFG Bancorp was founded in 1964 and is headquartered in San Juan Puerto Rico