Exhibit 99

Puerto Rico Contact:
Marilyn Santiago-Colón,
Oriental Financial Group Inc.
(787) 993-4648

U.S. Contact:
Steven Anreder and Gary Fishman,
Anreder & Company
(212) 532-3232

ORIENTAL FINANCIAL GROUP REPORTS SECOND QUARTER INCOME AVAILABLE TO
COMMON SHAREHOLDERS OF $12.5 MILLION OR $0.38 PER SHARE

Reflects FDIC-Assisted Eurobank Acquisition on April 30, 2010 and Organic Growth

SAN JUAN, Puerto Rico, August 4, 2010 — Oriental Financial Group Inc. (NYSE: OFG) today announced income available to common shareholders for the second quarter ended June 30, 2010 of $12.5 million, or $0.38 per diluted share.

José Rafael Fernández, Vice Chairman of the Board, President and Chief Executive Officer, said second quarter 2010 results were affected by two significant events: Oriental’s April 30, 2010 FDIC-assisted acquisition of certain Eurobank assets, liabilities and operations, and Oriental’s April 28, 2010 issuance of Mandatorily Convertible Non-Cumulative Non-Voting Perpetual Preferred Stock, Series C, which raised a net $189 million in connection with the Eurobank acquisition and was converted to common stock on July 8, 2010.

“The key takeaway from the second quarter of 2010 is that the acquisition of Eurobank is proceeding well — financially, operationally and strategically,” said Mr. Fernández. “It is fitting as we had expected into our plans of generating more recurring income from our customer based businesses versus capital markets, and the integration process is going smoothly.”

Second Quarter 2010 Highlights

Mr. Fernández noted the following highlights from Oriental’s second quarter 2010 performance:

1. Increased interest income from loans. It expanded 76.5% sequentially due to the addition of the former Eurobank loans. As a share of total interest income, income from loans represented 38.1% versus 25.0% in the sequential quarter.

2. Expanded net interest margin. Reflecting the higher yield on loans and the reduction in the average cost of deposits and borrowings, net interest margin expanded to 2.29% from 1.88% in the sequential quarter.

3. Higher banking revenues. This grew 69.8% on a sequential quarter basis, primarily reflecting increased fees from existing Oriental and the former Eurobank customers.

4. Increase in deposit base. Retail deposits of $1.8 billion rose 24.2% from March 31, 2010, reflecting growth from both former Eurobank and Oriental’s existing customers.

5. Increased capital. Book value of $14.49 per common share at June 30, 2010 increased 20.6% from March 31, 2010, reflecting significant improvement in the valuation of the investment securities portfolio and increased retained earnings.

6. Increased assets. Total financial assets managed and owned of $11.3 billion at June 30, 2010 increased 18.8% from March 31, 2010, reflecting growth of trust assets managed, broker-dealer assets gathered and assets owned.

“The Eurobank acquisition is creating growth opportunities for Oriental,” said Mr. Fernández. “We will be able to significantly expand our branch network with the former Eurobank branches we decide to retain. Former Eurobank customers represent a solid base from which to continue to grow Oriental’s personalized wealth management services. The combination of Eurobank’s and Oriental’s commercial banking operations creates a strong platform from which to expand market share.”

Net Interest Income

Net interest income of $38.7 million increased 31.3% quarter over quarter.

• Interest income of $81.5 million increased 15.9% sequentially, resulting in a yield of 4.84% for the second quarter of 2010 compared to 4.50% in the preceding quarter.

• The sequential increase in both income and yield is primarily attributable to $13.5 million from former Eurobank loans, which more than offset lower interest rates on new government agency securities in which Oriental reinvested to replace securities sold or which matured over the last 12 months.

• Interest expense of $42.9 million reflects a reduction in cost of funds to 2.58% compared to 2.88% in the sequential quarter, due primarily to lower cost of funds from both Oriental and Eurobank-acquired deposit accounts.

Banking and Wealth Management Revenues

Banking and wealth management revenues of $9.8 million increased 32.0% on a sequential quarter basis, reflecting:

• The addition of approximately $1.2 million in banking service revenues, primarily due to a higher volume of fees from existing Oriental and the former Eurobank’s commercial and retail deposit accounts as well as commercial point of sale and cash management services.

• Continued growth of Oriental’s wealth management revenues. Trust assets managed and broker dealer assets gathered totaling $3.2 billion at June 30, 2010, most of which generate recurring income, increased 7.3% from March 31, 2010. Sequential growth reflected the addition of approximately $140 million in trust assets from the former Eurobank operations and growth from Oriental’s existing operations.

• A rebound in revenues from Oriental’s mortgage banking activities, reflecting higher production than in the previous quarter, better pricing of product sold into the secondary market, and increased origination fees and servicing income. Oriental sells most of its conforming mortgages, which typically account for approximately 90% of quarterly production, into the secondary market.

Other Gains and Losses

Other gains and losses of $2.5 million included the following major items:

• $16.5 million bargain purchase gain from the FDIC-assisted transaction, as previously reported in Oriental’s July 16, 2010 8-K/A in connection with the Eurobank acquisition.

• $11.8 million gain on the sale of securities, as Oriental took further advantage of the falling interest rate environment to lock in profits.

• $1.4 million accretion of the FDIC loss share indemnification asset related to the former Eurobank loan portfolio. The estimated fair value of this asset was determined by discounting the projected cash flows related to the loss sharing agreements based on expected reimbursements, primarily for credit losses on covered assets. The time value of money incorporated into the present value computation is accreted over the shorter life of the loss sharing agreements or the holding period of the covered assets.

• A favorable change of $909,000 in the estimated fair value of an equity appreciation instrument issued to, but not exercised, by the FDIC in connection with the Eurobank acquisition.

• Losses on derivative activities of $26.6 million, which included realized losses of $24.7 million due to the termination of forward-settle swaps with a notional amount of $900 million. These terminations allowed Oriental to enter into new forward-settle swap contracts for the same notional amount, and effectively reduce the interest rate of the pay-fixed side of such deals from an average rate of 3.53% to an average rate of 2.45%. The losses on derivative activities also included $1.5 million of a valuation loss on the new swaps.

• $1.8 million in other than temporary impairment charges on the BALTA private label CMO.

Non-Interest Expenses

Non-interest expenses of $27.9 million increased $7.5 million on a sequential quarter basis. Approximately $5.4 million of the sequential increase was due to the Eurobank acquisition, of which approximately $1 million is considered to be one-time acquisition-related costs. The current non-interest expense run rate for former Eurobank operations is about $3.5 million a month, including contracted third party services, representing savings of approximately 25% from when they were acquired. Oriental expects additional reductions in Eurobank related costs from branch and operational synergies and system conversions which are estimated to be completed prior to year end 2010.

Undistributed Earnings Allocated to Convertible Preferred Shares

During the second quarter of 2010, Oriental issued $200 million in Mandatorily Convertible Non-Cumulative Voting Perpetual Preferred Stock, Series C that was converted on July 8, 2010 into 13.32 million shares of common stock. The income available for common shareholders for the quarter has been reduced by $3.1 million, representing the allocation of the net income that corresponds to the convertible preferred shares. This did not affect total stockholders’ equity or book value per common share, but it did reduce income per common share for the quarter and six month period ended June 30, 2010.

Investments

Investments of $4.9 billion at June 30, 2010 were approximately $327.0 million higher than at March 31, 2010, reflecting the investment of excess cash. Approximately 96% of Oriental’s portfolio consists of fixed-rate mortgage-backed securities or notes, guaranteed or issued by FNMA, FHLMC or GNMA, and U.S. agency senior debt obligations, backed by a U.S. government sponsored entity or the full faith and credit of the U.S. government.

Loans

Total loans, net, of $1.9 billion at June 30, 2010 were 72.1% higher than at March 31, 2010. Sequentially, non-covered gross loans (primarily consisting of the Oriental existing loan portfolio) increased approximately $8.2 million, while covered loans (the FDIC-assisted Eurobank loan portfolio) added $809.9 million. Total loan production and purchases of $89.3 million increased 14.4% quarter over quarter. Of the sequential increase, more than half came from Oriental’s existing residential mortgage loan production and about 16% from the former Eurobank leasing operation, with the balance from Oriental’s existing commercial and consumer loan production.

Other Assets

Other assets of $693.2 million at June 30, 2010 compared to $155.2 million at March 31, 2010. The increase primarily reflects the second quarter addition of a $517.7 million FDIC loss share indemnification asset and approximately $20.6 million in foreclosed real estate, both arising out of the Eurobank acquisition. As reported in the 8-K/A filed July 16, 2010, as part of the Eurobank loan portfolio fair value estimation, Oriental established the FDIC loss share indemnification asset at April 30, 2010, representing the present value of the estimated losses on covered loans and certain other covered assets to be reimbursed by the FDIC under the loss sharing agreements.

Deposits and Borrowings

Deposits of $2.5 billion at June 30, 2010 increased 39.7% from March 31, 2010. The $360.2 million sequential increase in core deposits consisted of approximately $100 million from Oriental operations and approximately $260 million from the former Eurobank operations, including a modest increase since April 30^th. The $363.2 million sequential quarter increase in institutional deposits represents mainly deposits assumed as part of the Eurobank acquisition, net of maturities. The sequential quarter increase in borrowings primarily reflects Oriental’s note payable to the FDIC of $711.1 million in connection with the Eurobank acquisition.

Capital

Total stockholders’ equity of $746.0 million increased 60.7% or $281.9 million from March 31, 2010. The increase primarily reflects $189 million in net proceeds from the Preferred Stock, Series C; a $78.4 million improvement in accumulated other comprehensive income due to the favorable environment for fixed income securities during the quarter; and increased retained earnings. There were 33.0 million shares outstanding at June 30, 2010 compared to 24.2 million a year ago. The increase was primarily attributable to Oriental’s first quarter of 2010 equity offering, which raised a net $95 million.

Oriental maintains regulatory capital ratios well above the requirements for a well-capitalized institution. At June 30, 2010, the Leverage Capital Ratio was 9.37%, Tier-1 Risk-Based Capital Ratio was 24.17%, and Total Risk-Based Capital Ratio was 25.09%. In addition, Tangible Common Equity to Total Assets was 5.88% and total equity to risk-weighted assets, which takes into consideration that nearly all of Oriental’s securities portfolio is backed by a U.S. government sponsored entity or the full faith and credit of the U.S. government, was 24.55%.

Credit Quality (excludes covered assets)

Provision for loan and lease losses of $4.1 million increased $450,000 from the year ago quarter and $86,000 quarter over quarter. Net credit losses of $2.1 million were virtually level with a year ago and up $765,000 sequentially; for the first six months of 2010, net credit losses of $3.4 million are down 23.5% from the comparable year ago period. The allowance for loan and lease losses, stood at $28.0 million, 67.5% higher than the year ago quarter and 7.8% above the sequential quarter. It now represents 2.40% of loans versus 1.39% in the year ago quarter and 2.24% in the sequential quarter.

Non-performing loans of $110.0 million at June 30, 2010, while up $20.2 million year over year, increased just $738,000 from March 31, 2010. Oriental’s non-performing loans generally reflect the economic environment in Puerto Rico. Oriental does not expect non-performing loans to result in significantly higher losses as most are well-collateralized with adequate loan-to-value ratios. Oriental believes that credit quality might be starting to stabilize although it would require at least two more quarters to confirm this trend.

Non-GAAP Financial Measures

From time to time, Oriental uses certain non-GAAP measures of financial performance to supplement the financial statements presented in accordance with GAAP. Oriental presents non-GAAP measures when its management believes that the additional information is useful and meaningful to investors. Non-GAAP measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. The presentation of non-GAAP measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with GAAP.

Oriental’s management has reported and discussed the results of operations herein both on a GAAP basis and on a pre-tax operating income basis (as defined as net interest income after provision for loan and lease losses and banking and wealth management revenues, less non-interest expenses, and as calculated on the accompanying table). Oriental’s management believes that, given the nature of the items excluded from the definition of pre-tax operating income, it is useful to state what the results of operations would have been without them so that investors can see the financial trends from Oriental’s continuing business.

Tangible common equity consists of common equity less goodwill. Management believes that the ratios of tangible common equity to total assets and to risk-weighted assets assist investors in analyzing Oriental’s capital position.

Conference Call

A conference call to discuss Oriental’s results, outlook and related matters will be held on Wednesday, August 4, 2010 at 10:00 AM Eastern & Puerto Rico Time. The call will be accessible live via a webcast on Oriental’s Investor Relations website at www.orientalfg.com. A webcast replay will be available shortly thereafter. Access the webcast link in advance to download any necessary software.

About Oriental Financial Group

Oriental Financial Group Inc. is a diversified financial holding company operating under U.S. and Puerto Rico banking laws and regulations. Now in its 46^th year in business, Oriental provides a full range of mortgage, commercial and consumer banking services, as well as financial planning, trust, insurance, investment brokerage and investment banking services, primarily in Puerto Rico. Investor information about Oriental can be found at www.orientalfg.com.

Forward-Looking Statements

This news release may contain forward-looking statements that reflect management’s beliefs and expectations and are subject to risks and uncertainties inherent to Oriental’s business, including, without limitation, the effect of economic and market conditions, the level and volatility of interest rates, and other risks and considerations detailed in Oriental’s filings with the Securities and Exchange Commission. These or other factors could cause actual results to differ materially from forward-looking statements. Oriental also disclaims any obligations to update information contained in this news release because of developments occurring after the date of issuance.

# # #

ORIENTAL FINANCIAL GROUP
Financial Summary
(NYSE: OFG)

		QUARTER ENDED																SIX-MONTH PERIOD ENDED
Summary of Operations (Dollars in thousands, except per share data):		30-Jun-10				30-Jun-09				%				31-Mar-10				30-Jun-10				30-Jun-09				%
Interest Income:
Loans		$	31,065			$	18,707				66.1	%		$	17,598			$	48,663			$	37,027				31.4	%
Mortgage-backed securities			41,519				51,721				-19.7	%			43,594				85,113				102,429				-16.9	%
Investment securities			8,782				11,433				-23.2	%			9,063				17,845				26,155				-31.8	%
Short term investments			143				190				-24.7	%			42				185				371				-50.1	%
Total interest income			81,509				82,051				-0.7	%			70,297				151,806				165,982				-8.5	%
Interest Expense:
Deposits			11,927				14,149				-15.7	%			11,243				23,170				27,972				-17.2	%
Securities sold under agreements to repurchase			25,487				27,929				-8.7	%			25,285				50,772				63,728				-20.3	%
Advances from FHLB and other borrowings			3,053				3,075				-0.7	%			3,012				6,065				6,171				-1.7	%
FDIC-guaranteed term notes			1,021				1,021				0.0	%			1,021				2,042				1,133				80.2	%
Purchase money note issued to the FDIC			1,064				—				100.0	%			—				1,064				—				100.0	%
Subordinated capital notes			305				389				-21.6	%			298				603				825				-26.9	%
Total interest expense			42,857				46,563				-8.0	%			40,859				83,716				99,829				-16.1	%
Net interest income			38,652				35,488				8.9	%			29,438				68,090				66,153				2.9	%
Provision for loan and lease losses			4,100				3,650				12.3	%			4,014				8,114				6,850				18.5	%
Net interest income after provision for loan and lease losses			34,552				31,838				8.5	%			25,424				59,976				59,303				1.1	%
Non-Interest Income (loss):
Wealth management revenues			4,625				3,285				40.8	%			3,978				8,603				6,399				34.4	%
Banking service revenues			2,797				1,602				74.6	%			1,647				4,444				2,995				48.4	%
Investment banking revenues			34				8				325.0	%			—				34				(4	)			950.0	%
Mortgage banking activities			2,339				2,806				-16.6	%			1,797				4,136				4,959				-16.6	%
Total banking and wealth management revenues			9,795				7,701				27.2	%			7,422				17,217				14,349				20.0	%
Net gain (loss) on:
Sales of securities			11,833				10,520				12.5	%			12,020				23,853				20,860				14.3	%
Other than temporary impairments on securities			(1,796	)			(4,416	)			59.3	%			(632	)			(2,428	)			(4,416	)			45.0	%
Derivatives			(26,615	)			19,408				-237.1	%			(10,636	)			(37,251	)			19,842				-287.7	%
Trading securities			1				12,959				-100.0	%			(3	)			(2	)			12,932				-100.0	%
Bargain purchase from FDIC assisted acquisition			16,463				—				100.0	%			—				16,463				—				100.0	%
Fair value adjustment on FDIC equity appreciation instrument			909				—				100.0	%			—				909				—				100.0	%
Accretion of FDIC loss-share indemnification asset			1,444				—				100.0	%			—				1,444				—				100.0	%
Foreclosed real estate			(26	)			(136	)			80.9	%			(117	)			(143	)			(298	)			52.0	%
Other			295				15				1866.7	%			23				318				28				1035.7	%
Total non-interest income, net			12,303				46,051				-73.3	%			8,077				20,380				63,297				-67.8	%
Non-Interest Expenses:
Compensation and employee benefits			10,427				8,020				30.0	%			8,250				18,677				15,744				18.6	%
Occupancy and equipment			4,601				3,758				22.4	%			3,594				8,195				7,247				13.1	%
Professional and service fees			3,920				2,394				63.7	%			2,153				6,073				5,002				21.4	%
Insurance			1,733				3,472				-50.1	%			1,833				3,566				4,287				-16.8	%
Advertising and business promotion			1,361				1,028				32.4	%			699				2,060				2,232				-7.7	%
Taxes, other than payroll and income taxes			1,291				649				98.9	%			857				2,148				1,295				65.9	%
Electronic banking charges			1,113				596				86.7	%			678				1,791				1,136				57.7	%
Loan servicing expenses			452				388				16.5	%			427				879				771				14.0	%
Communication			740				402				84.1	%			342				1,082				781				38.5	%
Directors and investor relations			388				332				16.9	%			315				703				681				3.2	%
Clearing and wrap fees expenses			342				237				44.3	%			297				639				567				12.7	%
Printing, postage, stationery and supplies			292				215				35.8	%			203				495				471				5.1	%
Foreclosure and repossession expenses			270				200				35.0	%			302				572				446				28.3	%
Training and travel			243				163				49.1	%			228				471				250				88.4	%
Other			699				360				94.2	%			215				914				577				58.4	%
Total non-interest expenses			27,872				22,214				25.5	%			20,393				48,265				41,487				16.3	%
Income before income taxes			18,983				55,675				-65.9	%			13,108				32,091				81,113				-60.4	%
Income tax expense			1,634				4,761				-65.7	%			1,172				2,806				5,451				-48.5	%
Net income			17,349				50,914				-65.9	%			11,936				29,285				75,662				-61.3	%
Less: Dividends on preferred stock			(1,733	)			(1,201	)			-44.3	%			(1,201	)			(2,934	)			(2,401	)			-22.2	%
Less: Allocation of undistributed earnings for participating preferred shares			(3,104	)			—				-100.0	%			—				(3,104	)			—				-100.0	%
Income available to common shareholders		$	12,512			$	49,713				-74.8	%		$	10,735			$	23,247			$	73,261				-68.3	%

ORIENTAL FINANCIAL GROUP
Financial Summary
(NYSE: OFG)

		QUARTER ENDED																SIX-MONTH PERIOD ENDED
(Dollars in thousands, except per share data):		30-Jun-10				30-Jun-09				%				31-Mar-10				30-Jun-10				30-Jun-09				%
PRE-TAX OPERATING INCOME
Net interest income after provision for loan and lease losses		$	34,552			$	31,838				8.5	%		$	25,424			$	59,976			$	59,303				1.1	%
Core non-interest income:
Wealth management revenues			4,625				3,285				40.8	%			3,978				8,603				6,399				34.4	%
Banking service revenues			2,797				1,602				74.6	%			1,647				4,444				2,995				48.4	%
Investment banking revenues			34				8				100.0	%			—				34				(4	)			950.0	%
Mortgage banking activities			2,339				2,806				-16.6	%			1,797				4,136				4,959				-16.6	%
Total core non-interest income			9,795				7,701				27.2	%			7,422				17,217				14,349				20.0	%
Less non interest expenses			(27,872	)			(22,214	)			-25.5	%			(20,393	)			(48,265	)			(41,487	)			-16.3	%
Total Pre-tax operating income		$	16,475			$	17,325				-4.9	%		$	12,453			$	28,928			$	32,165				-10.1	%
INCOME PER COMMON SHARE
Basic		$	0.38			$	2.05				-81.5	%		$	0.42			$	0.79			$	3.02				-73.8	%
Diluted		$	0.38			$	2.04				-81.5	%		$	0.41			$	0.79			$	3.02				-73.8	%
COMMON STOCK DATA
Average common shares outstanding and equivalents			33,053				24,318				35.9	%			25,932				29,471				24,280				21.4	%
Cash dividends per share of common stock		$	0.04			$	0.04				0.0	%		$	0.04			$	0.08			$	0.08				0.0	%
Cash dividends declared on common shares		$	1,322			$	972				36.0	%		$	1,322			$	2,644			$	1,944				36.0	%
Pay-out ratio			10.53	%			1.96	%			437.1	%			9.76	%			10.13	%			2.65	%			282.3	%
SELECTED FINANCIAL DATA
PERFORMANCE RATIOS:
Return on average assets			0.88	%			3.05	%			-71.1	%			0.73	%			0.41	%			2.30	%			-82.2	%
Return on average common equity			9.87	%			80.89	%			-87.8	%			13.39	%			5.67	%			66.98	%			-91.5	%
Efficiency ratio			57.53	%			51.43	%			11.9	%			55.33	%			56.58	%			51.54	%			9.8	%
TAX EQUIVALENT SPREAD
Interest-earning assets			4.84	%			5.30	%			-8.7	%			4.50	%			4.40	%			5.36	%			-17.9	%
Tax equivalent adjustment			1.58	%			1.75	%			-9.7	%			1.49	%			1.44	%			1.77	%			-18.6	%
Interest-earning assets — tax equivalent			6.42	%			7.05	%			-8.9	%			5.99	%			5.84	%			7.13	%			-18.1	%
Interest-bearing liabilities			2.58	%			3.13	%			-17.6	%			2.88	%			2.72	%			3.38	%			-19.5	%
Tax equivalent interest rate spread			3.84	%			3.92	%			-2.0	%			3.11	%			3.12	%			3.75	%			-16.8	%
Tax equivalent interest rate margin			3.87	%			4.04	%			-4.2	%			3.37	%			3.41	%			3.90	%			-12.6	%
NORMAL SPREAD
Investments			4.24	%			5.07	%			-16.4	%			4.13	%			4.18	%			5.17	%			-19.1	%
Loans			6.28	%			6.27	%			0.2	%			6.17	%			4.93	%			6.18	%			-20.2	%
Interest-earning assets			4.84	%			5.30	%			-8.7	%			4.50	%			4.40	%			5.36	%			-17.9	%
Deposits			2.18	%			3.25	%			-32.9	%			2.71	%			2.41	%			3.26	%			-26.1	%
Borrowings			2.78	%			3.08	%			-9.7	%			2.95	%			2.86	%			3.43	%			-16.6	%
Interest-bearing liabilities			2.58	%			3.13	%			-17.6	%			2.88	%			2.72	%			3.38	%			-19.5	%
Interest rate spread			2.26	%			2.17	%			4.1	%			1.62	%			1.68	%			1.98	%			-15.2	%
Interest rate margin			2.29	%			2.29	%			0.0	%			1.88	%			1.97	%			2.13	%			-7.5	%
AVERAGE BALANCES
Investments		$	4,755,872			$	4,998,921				-4.9	%		$	5,106,338			$	4,930,137			$	4,989,635				-1.2	%
Loans			1,979,216				1,193,396				65.8	%			1,140,111				1,973,205				1,198,537				64.6	%
Interest-earning assets		$	6,735,088			$	6,192,317				8.8	%		$	6,246,449			$	6,903,342			$	6,188,172				11.6	%
Deposits		$	2,185,316			$	1,743,799				25.3	%		$	1,658,924			$	1,923,574			$	1,716,700				12.1	%
Borrowings			4,448,576				4,215,544				5.5	%			4,018,051				4,234,505				4,187,626				1.1	%
Interest-bearing liabilities		$	6,633,892			$	5,959,343				11.3	%		$	5,676,975			$	6,158,079			$	5,904,326				4.3	%

ORIENTAL FINANCIAL GROUP
Financial Summary
(NYSE: OFG)

		AS OF
(Dollars in thousands)		30-Jun-10				30-Jun-09				%				31-Mar-10				31-Dec-09
BALANCE SHEET
Cash and due from banks		$	472,635			$	307,062				53.9	%		$	468,081			$	277,123
Investments:
Trading securities			56				904				-93.8	%			293				523
Investment securities available-for-sale, at fair value, with amortized cost of $4,913,909 (June 30, 2009 - $5,064,700, March 31, 2010 - $4,673,956, December 31, 2009 - $5,044,017):
FNMA and FHLMC certificates			3,647,734				2,768,465				31.8	%			3,277,247				2,764,173
Obligations of US Government sponsored agencies			603,735				921,247				-34.5	%			595,501				1,007,091
Non-agency collateralized mortgage obligations			71,805				476,192				-84.9	%			71,197				446,037
CMO’s issued by US Government sponsored agencies			204,920				319,091				-35.8	%			248,713				286,509
GNMA certificates			303,637				258,721				17.4	%			317,559				346,103
Structured credit investments			41,606				143,823				-71.1	%			40,090				38,383
Puerto Rico Government and agency obligations			68,091				62,981				8.1	%			66,512				65,364
Total investment securities available-for-sale			4,941,528				4,950,520				-0.2	%			4,616,819				4,953,659
Federal Home Loan Bank (FHLB) stock, at cost			22,496				19,937				12.8	%			19,937				19,937
Other investments			150				150				0.0	%			150				150
Total investments			4,964,230				4,971,511				-0.1	%			4,637,199				4,974,269
Securities sold but not yet delivered			1,490				360,764				-99.6	%			116,747				—
Loans:
Loans non-covered by FDIC shared-loss agreements:
Mortgage			900,358				946,439				-4.9	%			906,282				918,935
Commercial			210,978				199,136				5.9	%			203,739				197,777
Leasing			1,451				—				100.0	%			—				—
Consumer			28,390				20,982				35.3	%			22,954				22,864
Total loans receivable non-covered by FDIC shared-loss agreements, gross			1,141,177				1,166,557				-2.2	%			1,132,975				1,139,576
Less: Deferred loan fees, net			(3,590	)			(3,651	)			1.7	%			(3,504	)			(3,496	)
Total loans receivable non-covered by FDIC shared-loss agreements			1,137,587				1,162,906				-2.2	%			1,129,471				1,136,080
Allowance for loan and lease losses			(28,002	)			(16,718	)			-67.5	%			(25,977	)			(23,272	)
Total loans receivable non-covered by FDIC shared-loss agreements, net			1,109,585				1,146,188				-3.2	%			1,103,494				1,112,808
Mortgage loans held for sale			27,519				40,886				-32.7	%			27,785				27,261
Total loans non-covered by FDIC shared-loss agreements, net			1,137,104				1,187,074				-4.2	%			1,131,279				1,140,069
Loans covered by FDIC shared-loss agreements:
Loans secured by residential properties			194,891				—				100.0	%			—				—
Commercial and construction			473,288				—				100.0	%			—				—
Leasing			120,003				—				100.0	%			—				—
Consumer			21,713				—				100.0	%			—				—
Total loans covered by FDIC shared-loss agreements			809,895				—				100.0	%			—				—
Total loans, net			1,946,999				1,187,074				64.0	%			1,131,279				1,140,069
FDIC loss-share indemnification asset			517,695				—				100.0	%			—				—
Foreclosed real estate (covered by FDIC shared-loss agreements)			19,495				—				100.0	%			—				—
Foreclosed real estate (non-covered by FDIC shared-loss agreements)			12,277				9,174				33.8	%			9,918				9,347
Other repossessed assets (covered by FDIC shared-loss agreements)			3,091				—				100.0	%			—				—
Core deposit intangible			1,399				—				100.0	%			—				—
FDIC expense reimbursement receivable			985				—				100.0	%			—				—
Accrued interest receivable			34,672				37,785				-8.2	%			37,100				33,656
Deferred tax asset, net			19,517				25,756				-24.2	%			32,186				31,685
Prepaid FDIC Insurance			19,565				—				100.0	%			20,996				22,568
Premises and equipment, net			18,113				20,706				-12.5	%			18,571				19,775
Other prepaid expenses			7,312				7,605				-3.9	%			3,496				4,269
Derivative asset			—				—				0.0	%			49				8,511
Servicing asset			9,285				5,242				77.1	%			7,569				7,120
Mortgage tax credits			1,954				3,819				-48.8	%			3,819				3,819
Debt issuance costs			2,915				4,146				-29.7	%			3,223				3,531
Goodwill			2,006				2,006				0.0	%			2,006				2,006
Investment in statutory trust			1,086				1,086				0.0	%			1,086				1,086
Investment in equity indexed options			4,433				2,412				83.8	%			7,875				6,464
Accounts receivable and other assets			17,390				4,156				318.4	%			7,319				5,535
Total assets		$	8,078,544			$	6,950,304				16.2	%		$	6,508,519			$	6,550,833

ORIENTAL FINANCIAL GROUP
Financial Summary
(NYSE: OFG)

		AS OF
(Dollars in thousands)		30-Jun-10				30-Jun-09				%				31-Mar-10				31-Dec-09
Deposits:
Non-interest bearing demand deposits		$	168,647			$	61,878				172.5	%		$	90,925			$	73,548
Interest-bearing demand, savings and money market deposits			921,437				683,124				34.9	%			747,505				706,750
Individual retirement accounts			337,141				298,925				12.8	%			317,620				312,843
Retail certificates of deposit			419,655				259,326				61.8	%			330,641				312,410
Total Retail Deposits			1,846,880				1,303,253				41.7	%			1,486,691				1,405,551
Institutional deposits			547,993				139,684				292.3	%			184,763				136,683
Brokered Deposits			143,398				409,509				-65.0	%			144,879				203,267
Total deposits			2,538,271				1,852,446				37.0	%			1,816,333				1,745,501
Borrowings:
Federal funds purchased and other short term borrowings			45,200				27,748				62.9	%			37,953				49,179
Securities sold under agreements to repurchase			3,557,087				3,757,510				-5.3	%			3,557,149				3,557,308
Advances from FHLB			281,735				281,718				0.0	%			281,687				281,753
FDIC-guaranteed term notes			105,834				105,834				100.0	%			105,112				105,834
Purchase money note issued to the FDIC			711,076				—				100.0	%			—				—
Subordinated capital notes			36,083				36,083				100.0	%			36,083				36,083
Total borrowings			4,737,015				4,208,893				12.5	%			4,017,984				4,030,157
Total interest-bearing liabilities			7,275,286				6,061,339				20.0	%			5,834,317				5,775,658
FDIC payable on non-acquired investment portfolio			17,528				—				100.0	%			—				—
Derivative liability			3,374				—				100.0	%			—				—
Securities purchased but not yet received			533				497,360				-99.9	%			171,813				413,359
Accrued expenses and other liabilities			35,781				31,971				11.9	%			38,216				31,650
Total liabilities			7,332,502				6,590,670				11.3	%			6,044,346				6,220,667
Preferred stock			245,289				68,000				260.7	%			68,000				68,000
Additional paid-in capital from beneficial conversion feature			22,711				—				100.0	%			—				—
Common stock			34,481				25,739				34.0	%			34,479				25,739
Additional paid-in capital			288,749				212,962				35.6	%			299,542				213,445
Legal surplus			48,325				48,771				-0.9	%			46,480				45,279
Retained earnings			98,245				131,154				-25.1	%			85,796				77,584
Treasury stock, at cost			(17,120	)			(17,152	)			0.2	%			(17,127	)			(17,142	)
Accumulated other comprehensive income (loss)			25,362				(109,840	)			123.1	%			(52,996	)			(82,739	)
Total Stockholders’ equity			746,042				359,634				107.4	%			464,174				330,166
Total liabilities and stockholders’ equity		$	8,078,544			$	6,950,304				16.2	%		$	6,508,520			$	6,550,833
SELECTED FINANCIAL DATA AT PERIOD-END
Common shares outstanding at end of period			32,988				24,231				36.1	%			32,983				24,235
Book value per common share		$	14.49			$	12.04				20.4	%		$	12.01			$	10.82
Trust Assets Managed		$	1,859,941			$	1,677,344				10.90	%		$	1,688,831			$	1,818,498
Broker-Dealer Assets Gathered			1,347,224				1,169,775				15.2	%			1,301,080				1,269,285
Total Assets Managed			3,207,165				2,847,119				12.6	%			2,989,911				3,087,783
Assets owned			8,078,544				6,950,304				16.2	%			6,508,519				6,550,833
Total financial assets managed and owned		$	11,285,709			$	9,797,423				15.2	%		$	9,498,430			$	9,638,616

ORIENTAL FINANCIAL GROUP
Financial Summary
(NYSE: OFG)

		AS OF
		30-Jun-10				30-Jun-09				%				31-Mar-10				31-Dec-09
CAPITAL RATIOS
Leverage capital ratio			9.37	%			7.31	%			28.2	%			7.82	%			6.52	%
Leverage capital ratio required			4.00	%			4.00	%							4.00	%			4.00	%
Actual tier 1 capital		$	734,427			$	477,913				53.7	%		$	518,423			$	414,702
Tier 1 capital required		$	313,601			$	261,547				19.9	%		$	265,217			$	254,323
Excess over regulatory requirement		$	420,826			$	216,366				94.5	%		$	253,206			$	160,379
Tier 1 risk-based capital ratio			24.17	%			14.62	%			65.3	%			23.55	%			18.79	%
Tier 1 risk-based capital ratio required			4.00	%			4.00	%							4.00	%			4.00	%
Actual tier 1 risk-based capital		$	734,427			$	477,913				53.7	%		$	518,423			$	414,702
Tier 1 risk-based capital required		$	121,566			$	130,793				-7.1	%		$	88,069			$	88,295
Excess over regulatory requirement		$	612,861			$	347,139				76.5	%		$	430,354			$	326,407
Risk-weighted assets		$	3,039,153			$	3,269,349				-7.0	%		$	2,201,715			$	2,207,383
Total risk-based capital ratio			25.09	%			15.13	%			65.8	%			24.73	%			19.84	%
Total risk-based capital ratio required			8.00	%			8.00	%							8.00	%			8.00	%
Actual total risk-based capital		$	762,429			$	494,631				54.1	%		$	544,400			$	437,975
Total risk-based capital required		$	243,132			$	261,586				-7.1	%		$	176,137			$	176,591
Excess over regulatory requirement		$	519,297			$	233,083				122.8	%		$	368,263			$	261,384
Tangible common equity to total assets			5.88	%			4.19	%			40.3	%			6.06	%			3.97	%
Tangible common equity to total risk-weighted assets			15.62	%			8.90	%			75.5	%			17.90	%			11.79	%
Total equity to total assets			9.23	%			5.20	%			77.5	%			7.13	%			5.04	%
Total equity to risk-weighted assets			24.55	%			11.05	%			122.2	%			21.08	%			14.96	%

ORIENTAL FINANCIAL GROUP
Financial Summary
(NYSE: OFG)

		QUARTER ENDED																SIX-MONTH PERIOD ENDED
(Dollars in thousands)		30-Jun-10				30-Jun-09				%				31-Mar-10				30-Jun-10				30-Jun-09				%
Loan Production and Purchases Summary:
Mortgage loans production		$	58,424			$	60,276				-3.10	%		$	52,310			$	110,734			$	126,007				-12.10	%
Mortgage loans purchased			5,368				3,651				47.00	%			3,499				8,867				5,827				52.20	%
Total mortgage			63,792				63,927				-0.20	%			55,809				119,601				131,834				-9.30	%
Commercial			20,238				7,519				169.20	%			20,070				40,308				25,586				57.50	%
Leasing			1,794				—				100.00	%			—				1,794				—				100.00	%
Consumer			3,509				2,075				69.10	%			2,232				5,741				3,380				69.90	%
Total loan production and purchases		$	89,333			$	73,521				21.50	%		$	78,111			$	167,444			$	160,800				4.10	%
CREDIT DATA
Net credit losses (recoveries):
Mortgage		$	1,267			$	767				65.20	%		$	1,096			$	2,363			$	2,162				9.30	%
Commercial			379				1,099				-65.50	%			99				478				1,697				-71.80	%
Consumer			429				213				101.40	%			115				544				566				-3.90	%
Total net credit losses		$	2,075			$	2,078				-0.10	%		$	1,310			$	3,385			$	4,424				-23.50	%
Net credit losses to average loans outstanding			0.42	%			0.70	%			-40.10	%			0.46	%			0.34	%			0.74	%			-53.60	%

		AS OF
		30-Jun-10				30-Jun-09				%				31-Mar-10				31-Dec-09
Allowance for loan and lease losses		$	28,002			$	16,718				67.5	%		$	25,977			$	23,272
Allowance coverage ratios:
Allowance for loan and lease losses to total loans (excluding loans covered by FDIC shared-loss agreements)			2.40	%			1.39	%			73.1	%			2.25	%			2.00	%
Allowance for loan and lease losses to non-performing loans			25.45	%			18.60	%			36.8	%			23.80	%			22.30	%
Allowance for loan and lease losses to non-residential non-performing loans			185.63	%			216.69	%			-14.3	%			161.10	%			144.25	%
Non-performing assets summary (excluding assets covered by FDIC shared-loss agreements):
Mortgage		$	94,943			$	82,162				15.6	%		$	92,532			$	88,238
Commercial			14,220				6,868				107.0	%			16,156				15,688
Consumer			865				847				2.1	%			602				445
Non-performing loans			110,028				89,877				22.4	%			109,290				104,371
Foreclosed properties			12,277				9,174				33.8	%			9,918				9,347
Non-performing assets		$	122,305			$	99,051				23.5	%		$	119,208			$	113,718
Non-performing loans to total loans (excluding loans covered by FDIC shared-loss agreements)			9.44	%			7.47	%			26.4	%			9.44	%			8.97	%
Non-performing loans to total assets (excluding assets covered by FDIC shared-loss agreements)			1.52	%			1.29	%			17.8	%			1.68	%			1.59	%
Non-performing assets to total assets (excluding assets covered by FDIC shared-loss agreements)			1.69	%			1.43	%			18.2	%			1.83	%			1.74	%
Non-performing assets to total capital			16.39	%			24.99	%			-34.4	%			23.42	%			31.61	%