|
No edit summary
|
add comma per MoS
|
||
Line 16:
}}
'''Oriental Financial Group, Inc.''', more commonly known as '''Oriental Financial''' or '''Oriental Bank''', is a financial holding company located in [[San Juan, Puerto Rico|San Juan]], [[Puerto Rico]], which offers a range of financial services in Puerto Rico and the state of [[Florida]] through its four wholly owned subsidiaries: Oriental Bank (a [[bank]]), Oriental Financial Services Corp., Oriental Insurance, Inc., and Caribbean Pension Consultants, Inc. (CPC). Its headquarters are located at the Oriental Center at 997-1000 San Roberto Street, Professional Offices Park in San Juan. The Oriental Financial Group has over $7.6 billion in assets (2005), and approximately 520 employees.
In 2010, Oriental acquired failed competitor [[EuroBancshares|Eurobank]]. On 2012, Oriental announced the acquisition of Spain's [[Banco Bilbao Vizcaya Argentaria]]'s Puerto Rican unit for $500 million in cash. The deal is expected to be approved by regulators by the end of 2012.<ref>[http://www.reuters.com/article/2012/06/28/us-bbvapr-orientalfinancial-takeover-idUSBRE85R0NZ20120628 Oriental Financial to buy BBVA's Puerto Rican bank]</ref>
| |||