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 leasing and mortgage lending services; financial planning and insurance services; and corporate and individual trust and retirement services. In addition it provides securities brokerage and investment advisory services including various investment alternatives such as tax-advantaged fixed income securities mutual funds stocks and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. Further the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities obligations of U.S. government sponsored agencies and U.S. Treasury securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Additionally it offers money management and investment banking services; and engages in the asset/liability management activities such as purchases and sales of investment securities interest rate risk management derivatives and borrowings. OFG Bancorp was founded in 1964 and is headquartered in San Juan Puerto Rico.