OFG Profile
OFG Bancorp, headquartered in San Juan, Puerto Rico, operates as a comprehensive financial holding company offering a wide array of banking and financial services. Divided into three key segments Banking, Wealth Management, and Treasury the company serves a diverse clientele across Puerto Rico and the US Virgin Islands.
Under its Banking segment, OFG Bancorp provides traditional services including checking and savings accounts, time deposits, commercial and consumer lending, mortgage services, and specialized financial planning. Additionally, it offers corporate and individual trust services, alongside retirement planning solutions, catering to both corporate entities and individual clients.
In the Wealth Management segment, the company extends its reach with securities brokerage and investment advisory services. This includes a broad spectrum of investment products such as fixed income securities, mutual funds, stocks, and bonds tailored to meet the needs of retail investors and institutional clients alike. OFG Bancorp also manages separately-managed accounts and mutual fund asset allocation programs.
Complementing its core offerings, OFG Bancorp engages in treasury-related functions and asset/liability management activities. This includes managing a diversified investment portfolio consisting of mortgage-backed securities, US government-sponsored agency obligations, US Treasury securities, and money market instruments. The company further participates in public offerings and private placements of debt and equity securities, enhancing its financial services portfolio.
With a network spanning 50 branches in Puerto Rico and 2 branches in the US Virgin Islands, OFG Bancorp maintains a strong presence in the Caribbean region. Established in 1964, the company continues to evolve its offerings in banking, wealth management, and treasury services, emphasizing client-centric solutions and financial stewardship.
|
