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Oriental Bank Announces Termination of Loss Share Agreements

Monday, March 6, 2017

Congratulations Oriental Bank!

Congratulations to OFG Bancorp (NYSE: OFG) and Oriental Bank (Oriental) of San Juan, Puerto Rico for successfully terminating their FDIC loss share agreements on their failed bank receivership:  Eurobank.

The agreement was reached on February 7 and in the first quarter of 2017, the termination agreement will eliminate from the company’s books the true-up liability and other related receivables for the terminated loss-sharing agreement.

DD&F served as an advisor to Oriental in successfully terminating their shared loss agreements with the FDIC and would like to congratulate all of the Oriental team. We wish you continued success!

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