OFG Bank - M&A Summary and Business Overview

Financial ServicesCompany

OFG Bank M&A Summary

OFG Bank has acquired 1 company, including 1 in the last 5 years.

OFG Bank’s largest acquisition to date was in 2019, when it acquired The Bank of Nova Scotia - Puerto Rico and US Virgin Islands Operations for $560M. The Company’s most targeted sectors include financial services (100%).

OFG Bank Business Overview

Where is OFG Bank headquartered?

OFG Bank is headquartered in San Juan, Puerto Rico.

What is OFG Bank’s revenue?

OFG Bank disclosed revenue of 640M USD for 2023 and 565M USD for 2022.

How many employees does OFG Bank have?

OFG Bank has 2,239 employees.

What sector is OFG Bank in?

OFG Bank is a financial services company.

When was OFG Bank founded?

OFG Bank was founded in 1964.

M&A Summary

  • M&A Total Activity1
    • M&A Buy Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

OFG Bank

OFG Bancorp

254 Munoz Rivera Avenue,
San Juan, 00918
Puerto Rico,
(787) 771-6800
www.ofgbancorp.com

OFG Bank 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 wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico. OFG Bank was founded in 1964 and is based in San Juan, Puerto Rico.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
vol $560M $560M
Sell (0.0/yr) # - - - - - - 0
  1

Most Recent M&A

Company Date Value Type
The Bank of Nova Scotia - Puerto Rico and US Virgin Islands Operations 2019-06-26 560M USD Divestiture
, Puerto Rico
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 1 (100%) 560M (100%) - -
Total 1 $560M - -

By Geo

State/Country Buy Value Sell Value
Puerto Rico 1 560M - -
Total 1 $560M - -

Deal Values

buy # Total
$100M to $1B 1 $560M
TOTAL $560M
Largest The Bank of Nova Scotia - Puerto Rico and US Virgin Islands Operations
$560M (2019-06-26)

M&A Connections

Deals
Acquired from
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Financial Services

Revenue

640   14% 2023
565   14% 2022
497   5% 2021
476   30% 2020
367   4% 2019
356   2018
(millions of USD) Show More Show Less

Employees

2,239

Established

1964

Public

NYSE: OFG

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