OFG Receives Regulatory Approvals for Acquisition of Scotiabank Operations in Puerto Rico
OFG Bancorp (OFG)
Last ofg bancorp earnings: 4/29 07:30 am
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US:NYSE Investor Relations:
snl.com/irweblinkx/yearlynews.aspx?iid=1032005
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Source: Business Wire
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) announced receipt of regulatory approvals from the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation and the Office of the Commissioner of Financial Institutions of Puerto Rico required for its banking subsidiary, Oriental Bank, to consummate the previously announced acquisition of the Puerto Rico and US Virgin Islands operations of Scotiabank (NYSE: BNS). OFG’s previously announced acquisition of Scotiabank’s US Virgin Islands operations remains subject to receipt of final approval and related licenses from the US Virgin Islands Banking Board. OFG expects to complete the acquisition by December 31, 2019.Upon closing, Scotiabank’s PR and USVI operations will further strengthen Oriental’s position as the premier retail bank in Puerto Rico. Oriental will have the second largest market share in Puerto Rico in core deposits, branches, automated and interactive teller machines, mortgag
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OFG
Earnings
- 4/18/24 - Beat
OFG
Sec Filings
- 4/18/24 - Form 8-K
- 3/28/24 - Form 4
- 3/28/24 - Form 4
- OFG's page on the SEC website