{"id":519397,"date":"2021-07-28T16:45:04","date_gmt":"2021-07-28T20:45:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ofg-bancorp-announces-new-share-repurchase-program-of-50-million\/"},"modified":"2021-07-28T16:45:04","modified_gmt":"2021-07-28T20:45:04","slug":"ofg-bancorp-announces-new-share-repurchase-program-of-50-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ofg-bancorp-announces-new-share-repurchase-program-of-50-million\/","title":{"rendered":"OFG Bancorp Announces New Share Repurchase Program of $50 Million"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>OFG Bancorp Announces New Share Repurchase Program of $50 Million<\/b><\/p>\n<p>SAN JUAN, Puerto Rico&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nOFG Bancorp (NYSE: OFG) today announced its Board of Directors approved a new stock repurchase authorization plan of $50.0 million as part of OFG\u2019s capital actions thus far in 2021. The new stock repurchase program replaces and supersedes the previous stock repurchase program approved by the Board.\n<\/p>\n<p><b>About OFG Bancorp<\/b><\/p>\n<p>\nNow in its 57<sup>th<\/sup> year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands 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 and U.S. Virgin Islands. Visit us at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ofgbancorp.com&amp;esheet=52467904&amp;newsitemid=20210728006035&amp;lan=en-US&amp;anchor=www.ofgbancorp.com&amp;index=1&amp;md5=7edaa014bb62a2251ce175fd4781c663\">www.ofgbancorp.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210728006035r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210728006035\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210728006035\/en\/<\/a><\/span><\/p>\n<p><b>Puerto Rico &amp; USVI:<\/b> Idalis Montalvo (<a rel=\"nofollow\" href=\"mailto:idalis.montalvo@orientalbank.com\">idalis.montalvo@orientalbank.com<\/a>) at (787) 777-2847\n<\/p>\n<p><b>US:<\/b> Gary Fishman (<a rel=\"nofollow\" href=\"mailto:gfishman@ofgbancorp.com\">gfishman@ofgbancorp.com<\/a>) and Steven Anreder (<a rel=\"nofollow\" href=\"mailto:sanreder@ofgbancorp.com\">sanreder@ofgbancorp.com<\/a>) at (212) 532-3232\n<\/p>\n<p><b>KEYWORDS:<\/b> Caribbean Puerto Rico United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210728006035\/en\/769646\/3\/2020_logo_ofg.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>OFG Bancorp Announces New Share Repurchase Program of $50 Million SAN JUAN, Puerto Rico&#8211;(BUSINESS WIRE)&#8211; OFG Bancorp (NYSE: OFG) today announced its Board of Directors approved a new stock repurchase authorization plan of $50.0 million as part of OFG\u2019s capital actions thus far in 2021. The new stock repurchase program replaces and supersedes the previous stock repurchase program approved by the Board. About OFG Bancorp Now in its 57th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands 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, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ofg-bancorp-announces-new-share-repurchase-program-of-50-million\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;OFG Bancorp Announces New Share Repurchase Program of $50 Million&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-519397","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OFG Bancorp Announces New Share Repurchase Program of $50 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ofg-bancorp-announces-new-share-repurchase-program-of-50-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OFG Bancorp Announces New Share Repurchase Program of $50 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"OFG Bancorp Announces New Share Repurchase Program of $50 Million SAN JUAN, Puerto Rico&#8211;(BUSINESS WIRE)&#8211; OFG Bancorp (NYSE: OFG) today announced its Board of Directors approved a new stock repurchase authorization plan of $50.0 million as part of OFG\u2019s capital actions thus far in 2021. The new stock repurchase program replaces and supersedes the previous stock repurchase program approved by the Board. About OFG Bancorp Now in its 57th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands 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, &hellip; Continue reading &quot;OFG Bancorp Announces New Share Repurchase Program of $50 Million&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ofg-bancorp-announces-new-share-repurchase-program-of-50-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-28T20:45:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210728006035r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ofg-bancorp-announces-new-share-repurchase-program-of-50-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ofg-bancorp-announces-new-share-repurchase-program-of-50-million\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"OFG Bancorp Announces New Share Repurchase Program of $50 Million\",\"datePublished\":\"2021-07-28T20:45:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ofg-bancorp-announces-new-share-repurchase-program-of-50-million\\\/\"},\"wordCount\":206,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ofg-bancorp-announces-new-share-repurchase-program-of-50-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210728006035r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ofg-bancorp-announces-new-share-repurchase-program-of-50-million\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ofg-bancorp-announces-new-share-repurchase-program-of-50-million\\\/\",\"name\":\"OFG Bancorp Announces New Share Repurchase Program of $50 Million - 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