Shareholders Approve Changing Name of Oriental Financial Group Inc. to OFG Bancorp

Shareholders at today’s annual meeting approved changing the name of Oriental Financial Group Inc. (NYSE: OFG) to OFG Bancorp. The change will be effective Thursday, April 25, 2013.

The Company’s stock symbol and the names of its three principal operating subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, remain unchanged.

“OFG Bancorp better reflects the transformation of the Company, and its future growth plans,” said José Rafael Fernández, President, Chief Executive Officer and Vice Chairman of the Board.

Also at the annual meeting, Mr. Fernández reported that the integration and performance of the December 2012 acquisition of BBVA’s Puerto Rico operations were going well. OFG plans to report its first quarter 2013 results after the market closes on Thursday, April 25, 2013.

About OFG Bancorp

Now in its 49th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S. and Puerto Rico banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a full range of commercial, consumer and mortgage banking services, as well as financial planning, trust, insurance, investment brokerage and investment banking services, primarily in Puerto Rico, through 64 financial centers. Investor information can be found at www.orientalfg.com and will soon be available at www.ofgbancorp.com.