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 497M USD for 2021 and 476M USD for 2020.

How many employees does OFG Bank have?

OFG Bank has 2,246 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
Buy (0.0/yr)	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

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

Employees

2,246

Established

1964

Public

NYSE: OFG

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Financial Services Companies , Puerto Rico Companies

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OFG Bank - M&A Summary and Business Overview

Financial ServicesCompany