OFG Bancorp (OFG)

27.04 -0.70 (-2.52%) At close: 04:00PM EST

OFG Bancorp

254 Muñoz Rivera Avenue
San Juan, PR 00918
United States
787 771 6800
https://www.ofgbancorp.com

Sector(s): Financial Services
Industry: Banks—Regional
Full-time employees: 2,269

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Jose Rafael Fernandez	CEO & Vice Chairman	1.57M	513k	1964
Ms. Maritza Arizmendi Diaz CPA, CPA, Esq.	Chief Financial Officer	580.81k	N/A	1968
Dr. Ganesh Kumar	Chief Operating Officer	1.25M	56.52k	1964
Mr. Jose E. Cabrera Lazaro	Chief Risk & Compliance Officer	316.33k	N/A	1971
Krisen Aguirre Torres	VP Financial Reporting & Accounting Control	N/A	N/A	N/A
Mr. Gary M. Fishman	IR Contact	N/A	N/A	N/A
Hugh Gonzalez-Robison	Gen. Counsel	N/A	N/A	N/A
Ms. Jennifer Zapata Nazario	Sr. VP of HR	N/A	N/A	N/A
Mr. Luis Alejandro CPA, C.I.S.A.	Sr. VP and Sr. VP of Branch Admin.	N/A	N/A	1961
General Carlos A. Viña CPA	Sr. VP of Oriental Insurance	N/A	N/A	1967

Amounts are as of 31 December 2020, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

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; financial planning; and corporate and individual trust services. It also 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; separately-managed accounts and mutual fund asset allocation programs; and retirement planning, pension administration, trust, and other financial services. In addition, the company involved in the insurance agency business; administration of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Further, it offers investment brokerage, and money and interest rate risk management, as well as derivatives and borrowings activities. The company operates through a network of 54 branches in Puerto Rico and 2 branches in USVI. OFG Bancorp was founded in 1964 and is based in San Juan, Puerto Rico.

Corporate governance

OFG Bancorp’s ISS governance QualityScore as of 26 September 2021 is 2. The pillar scores are Audit: 9; Board: 4; Shareholder rights: 1; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.