- Not to be confused with Oriental Bank (New York), which merged with Consolidated National Bank in 1909.
Oriental Financial Group, Inc., more commonly known as Oriental Financial or Oriental Bank, is a financial holding company located in San Juan, Puerto Rico, which offers a range of financial services in Puerto Rico and the state of Florida through its four wholly owned subsidiaries: Oriental Bank (a bank), Oriental Financial Services Corp., Oriental Insurance, Inc., and Caribbean Pension Consultants, Inc. (CPC). Its headquarters are located at the Oriental Center at 997-1000 San Roberto Street, Professional Offices Park in San Juan. The Oriental Financial Group has over $7.6 billion in assets (2005), and approximately 520 employees.
In 2010, Oriental acquired failed competitor Eurobank. On 2012, Oriental announced the acquisition of Spain's Banco Bilbao Vizcaya Argentaria's Puerto Rican unit for $500 million in cash. The deal was expected to be approved by regulators by the end of 2012.
Subsidiaries
- Oriental Bank
- Oriental Financial Services Corp.
- Oriental Insurance, Inc.
- Oriental Pension Consultants, Inc. (OPC).
- Oriental Mortgage
- Oriental Auto
References
External links
- Official Site (Puerto Rico) (in Spanish)
- Official Site (Puerto Rico) (in English)
- Financial highlights
