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OFG Bancorp Declares Regular Quarterly Preferred Stock Cash Dividends

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OFG Bancorp (NYSE:OFG) today announced that its Board of Directors
declared the following regular quarterly cash dividends on its preferred
stock for the quarter ending December 31, 2017:

  • $21.875 per share on its 8.750% Non-Cumulative Convertible Perpetual
    Preferred Stock, Series C (CUSIP: 67103X706)
  • $0.4453125 per share on its 7.125% Non-Cumulative Perpetual Preferred
    Stock, Series D (CUSIP: 67103X409)

Preferred stock dividends are payable January 16, 2018, to holders of
record December 29, 2017, with an ex-dividend date of December 28, 2017.

About OFG Bancorp

Now in its 53rd year in business, OFG Bancorp 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, through 48
financial centers. Investor information can be found at www.ofgbancorp.com.

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