<SEC-DOCUMENT>0001030469-17-000015.txt : 20170316
<SEC-HEADER>0001030469-17-000015.hdr.sgml : 20170316
<ACCEPTANCE-DATETIME>20170316163052
ACCESSION NUMBER:		0001030469-17-000015
CONFORMED SUBMISSION TYPE:	10-K/A
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20161231
FILED AS OF DATE:		20170316
DATE AS OF CHANGE:		20170316

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OFG BANCORP
		CENTRAL INDEX KEY:			0001030469
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				660538893
		STATE OF INCORPORATION:			PR
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-K/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12647
		FILM NUMBER:		17694944

	BUSINESS ADDRESS:	
		STREET 1:		254 MU?OZ RIVERA AVENUE
		CITY:			SAN JUAN
		STATE:			PR
		ZIP:			00918
		BUSINESS PHONE:		7877716800

	MAIL ADDRESS:	
		STREET 1:		254 MU?OZ RIVERA AVENUE
		CITY:			SAN JUAN
		STATE:			PR
		ZIP:			00918

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ORIENTAL FINANCIAL GROUP INC
		DATE OF NAME CHANGE:	19970110
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K/A
<SEQUENCE>1
<FILENAME>ofg10ka12312016.htm
<DESCRIPTION>FORM 10-K/A
<TEXT>

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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-CA style="font-size:12.0pt;">&nbsp;</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-CA style="font-size:12.0pt;">&nbsp;</font></p>

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<p style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:6.0pt;line-height:92%;">&nbsp;</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">UNITED
STATES SECURITIES AND EXCHANGE COMMISSION </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">Washington,&nbsp;D.C. 20549 </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:16.0pt;">Form&nbsp;10-K/A</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">(Amendment No. 1) </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:24.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-24.5pt;"><font lang=EN-US style="font-size:9.0pt;"> &#9745; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;letter-spacing:-.3pt;">ANNUAL REPORT PURSUANT TO
SECTION&nbsp;13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934</font></b><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"> &nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:24.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-24.5pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">For
the Fiscal Year Ended December&nbsp;31, 2016 </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">or </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:24.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-24.5pt;"><font lang=EN-US style="font-size:9.0pt;"> &#9744; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">TRANSITION REPORT PURSUANT TO SECTION&nbsp;13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934 </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:24.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-24.5pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">For
the Transition Period from
to&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
to&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.
</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Commission File
No.&nbsp;001-12647 </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:18.0pt;">OFG Bancorp </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:9.5pt;">Incorporated in the Commonwealth of Puerto Rico </font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.5pt;">IRS Employer
Identification No.&nbsp;66-0538893 </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.5pt;">Principal Executive
Offices: </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=ES-PR style="font-size:9.5pt;">254 Mu&#241;oz
Rivera Avenue</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=ES-PR style="font-size:9.5pt;">San&nbsp;Juan,
Puerto Rico 00918 </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.5pt;">Telephone Number:
(787)&nbsp;771-6800 </font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;margin-left:3.0in;margin-right:3.0in;padding:0in 0in 1.0pt 0in;">

<p style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.5pt;line-height:4.0pt;">&nbsp;</font></p>

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<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:4.5pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Securities Registered Pursuant to Section&nbsp;12(b) of
the Act: </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Common Stock
($1.00&nbsp;par value per share) </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">7.125% Noncumulative
Monthly Income Preferred Stock, Series&nbsp;A </font></b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&#160;</font><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">($25.00 liquidation preference per share) </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">7.0% Noncumulative
Monthly Income Preferred Stock, Series&nbsp;B </font></b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&#160;</font><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">($25.00 liquidation preference per share) </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">8.75% Noncumulative
Convertible Perpetual Preferred Stock, Series&nbsp;C </font></b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&#160;</font><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">($1,000.00 liquidation preference per share) </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">7.125% Noncumulative
Perpetual Preferred Stock, Series&nbsp;D </font></b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&#160;</font><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">($25.00 liquidation preference per share) </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Securities Registered
Pursuant to Section&nbsp;12(g) of the Act: None </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:2.5pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in
Rule&nbsp;405 of the Securities Act.&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;</font><font lang=EN-US style="font-size:9.0pt;"> &#9744; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;</font><font lang=EN-US style="font-size:9.0pt;"> &#9745; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;"> &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:2.5pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Indicate
by check mark if the registrant is not required to file reports pursuant to
Section&nbsp;13 or Section&nbsp;15(d) of the
Act.&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;</font><font lang=EN-US style="font-size:9.0pt;"> &#9744; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;</font><font lang=EN-US style="font-size:9.0pt;"> &#9745; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;"> &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:2.5pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Indicate
by check mark whether the registrant (1)&nbsp;has filed all reports required to
be filed by Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
during the preceding 12&nbsp;months (or for such shorter period that the
registrant was required to file such reports), and (2)&nbsp;has been subject to
such filing requirements for the past
90&nbsp;days.&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;</font><font lang=EN-US style="font-size:9.0pt;"> &#9745; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;</font><font lang=EN-US style="font-size:9.0pt;"> &#9744; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;"> &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:2.5pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Indicate
by check mark whether the registrant has submitted electronically and posted on
its corporate Web site, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule&nbsp;405 of Regulation&nbsp;S-T
(&#167;&nbsp;232.405 of this chapter) during the preceding 12&nbsp;months (or for
such shorter period that the registrant was required to submit and post such
files).&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;</font><font lang=EN-US style="font-size:9.0pt;"> &#9745; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;</font><font lang=EN-US style="font-size:9.0pt;"> &#9744; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;"> &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:2.5pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Indicate
by check mark if disclosure of delinquent filings pursuant to Item&nbsp;405 of
Regulation&nbsp;S-K is not contained herein, and will not be contained, to the
best of registrant&#8217;s knowledge, in definitive proxy or information statements
incorporated by reference in Part&nbsp;III of this Form&nbsp;10-K or any
amendment to this Form&nbsp;10-K.&nbsp;&nbsp;&nbsp;&nbsp;</font><font lang=EN-US style="font-size:9.0pt;"> &#9744; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;"> &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:2.5pt;page-break-after:avoid;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Indicate by check mark whether the registrant is a
large accelerated filer, an accelerated filer, a non-accelerated filer, or a
smaller reporting company. See the definitions of &#8220;large accelerated filer,&#8221;
&#8220;accelerated filer&#8221; and &#8220;smaller reporting company&#8221; in Rule&nbsp;12b-2 of the
Exchange Act. (Check one): </font></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<div align=center>

<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td width=22% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-CA style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=22% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-CA style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-CA style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=30% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-CA style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=22% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:12.0pt;margin-right:0in;margin-top:0in;text-indent:-12.0pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">Large&nbsp;accelerated&nbsp;filer&nbsp;&nbsp;</font><font face="Times New Roman,serif" style="font-size:9.0pt;">&#9744;</font><font face="Times New Roman,serif" style="font-size:9.0pt;">. &nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Accelerated&nbsp;filer&nbsp;&nbsp;</font><font face="Times New Roman,serif" style="font-size:9.0pt;">&#9745;&nbsp;</font><font face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=26% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Non-accelerated&nbsp;filer&nbsp;&nbsp;</font><font face="Times New Roman,serif" style="font-size:9.0pt;">&#9744;&nbsp;</font><font face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=30% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Smaller reporting
  company&nbsp;&nbsp;</font><font face="Times New Roman,serif" style="font-size:9.0pt;">&#9744;&nbsp;</font><font face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=22% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;line-height:2.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=78% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-CA style="font-size:9.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Do&nbsp;not&nbsp;check&nbsp;if&nbsp;a&nbsp;smaller&nbsp;reporting&nbsp;company)</font></p>
  </td>
 </tr>
</table>


</div>


<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:2.5pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Indicate
by check mark whether the registrant is a shell company (as defined in
Rule&nbsp;12b-2 of the Exchange Act).&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;</font><font lang=EN-US style="font-size:9.0pt;"> &#9744; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;</font><font lang=EN-US style="font-size:9.0pt;"> &#9745; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;"> &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:2.5pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">The
aggregate market value of the common stock held by non-affiliates of OFG
Bancorp (the &#8220;Company&#8221;) was approximately $<a name="XBRL_CS_7ba90d497c714ae1b9c247f39"></a>364.5&nbsp;<a name="XBRL_CS_7ba90d497c714ae1b9c247f39_bclEnd"></a>million as of June 30, 2016
based upon 44,913,719&nbsp;shares outstanding and the reported closing price of
$8.30 on the New York Stock Exchange on that date. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:2.5pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">As of February
28, 2017, the Company had 43,914,844&nbsp;shares of common stock outstanding. </font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:2.5pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:2.5pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">DOCUMENTS INCORPORATED BY REFERENCE</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-CA style="font-size:9.0pt;line-height:92%;">Portions of the Company&#8217;s definitive
proxy statement relating to the 2017 annual meeting of shareholders are
incorporated herein by reference in response to Items&nbsp;10 through 14 of
Part&nbsp;III, except for certain information set forth herein under Item 12.</font></p>

<div style="border:none;border-bottom:double windowtext 4.5pt;padding:0in 0in 1.0pt 0in;">

<p style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font face="Times New Roman,serif" lang=EN-CA style="font-size:12.0pt;">&#160;&nbsp;</font></p>

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<p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font style="border:none;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">EXPLANATORY NOTE</font></b></font></p>

<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font style="border:none;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></font></p>

<p style="border:none;margin:0in;margin-bottom:10.0pt;"><font style="border:none;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">OFG Bancorp (the &#8220;Company&#8221;)
is filing this Amendment No.&nbsp;1 to its Form 10-K for the year ended
December&nbsp;31, 2016, originally filed with the Securities and Exchange
Commission on March&nbsp;10, 2017 (the &#8220;2016 Form&nbsp;10-K&#8221;), solely for the
purpose of filing a corrected signatures page. </font></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Except for the foregoing corrected signature page, this Form
10-K/A does not amend or update any other information contained &#160;in the Company&#8217;s
2016 Form 10-K. This report on Form 10-K/A is presented as of the filing date
of the 2016 Form 10-K and does not reflect any events occurring after such
date. </font></font></p>


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<p align=center style="border:none;margin:0in;margin-bottom:10.0pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;tab-stops:center 3.25in right 6.5in;text-align:center;"><font style="border:none;mso-ansi-language:EN-US;mso-fareast-font-family:Calibri;mso-fareast-language:EN-US;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></font></p>


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<p style="border:none;margin:0in;margin-bottom:10.0pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;tab-stops:center 3.25in right 6.5in;"><font face=Calibri,sans-serif style="border:none;mso-ansi-language:EN-US;mso-fareast-font-family:Calibri;mso-fareast-language:EN-US;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">SIGNATURES </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:4.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">OFG BANCORP </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="page-break-inside:avoid;">
  <td width=4% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=41% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=10% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=3% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=42% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;">By:</font></p>
  </td>
 <td valign=top width=41% style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">/s/&nbsp;&nbsp;&nbsp;&nbsp;Jos&#233;
  Rafael Fern&#225;ndez</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=42% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Dated: March&nbsp;10,
  2017</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=45% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Jos&#233; Rafael
  Fern&#225;ndez</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=45% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">President and
  Chief Executive Officer</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;page-break-inside:avoid;">
  <td width=4% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=41% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=42% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;">By:</font></p>
  </td>
 <td valign=top width=41% style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">/s/&nbsp;&nbsp;&nbsp;&nbsp;Maritza
  Arizmendi D&#237;az</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=42% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Dated: March
  10, 2017</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=45% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Maritza
  Arizmendi D&#237;az</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=45% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Executive Vice
  President and Chief Financial Officer</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=45% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=bottom width=42% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=45% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=bottom width=42% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 </tr>
<tr style="height:12.0pt;page-break-inside:avoid;">
  <td width=4% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=41% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=42% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;">By:</font></p>
  </td>
 <td valign=top width=41% style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">/s/&nbsp;&nbsp;&nbsp;&nbsp;Vanessa
  De Armas</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=42% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Dated: March
  10, 2017</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=45% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Vanessa De
  Armas</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=45% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Controller</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=45% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=bottom width=42% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 </tr>
<tr style="height:4.0pt;page-break-inside:avoid;">
  <td width=4% style="height:4.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=41% style="height:4.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=10% style="height:4.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=3% style="height:4.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=42% style="height:4.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Pursuant to the requirements of the Securities
Exchange Act of 1934, this report has been signed below by the following
persons on behalf of the registrant in the capacities and on the date
indicated. </font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:12.0pt;page-break-inside:avoid;">
  <td width=4% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=41% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=42% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;">By:</font></p>
  </td>
 <td valign=top width=41% style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" lang=ES-PR style="font-size:10.0pt;line-height:normal;">/s/&nbsp;&nbsp;&nbsp;&nbsp;</font><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Julian Incl&#225;n</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=ES-PR style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=ES-PR style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=42% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Dated: March 10,
  2017</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=45% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Julian Incl&#225;n</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=ES-PR style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=ES-PR style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=ES-PR style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=45% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Chairman of the
  Board</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;page-break-inside:avoid;">
  <td width=4% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=41% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=42% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;">By:</font></p>
  </td>
 <td valign=top width=41% style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">/s/&nbsp;&nbsp;&nbsp;&nbsp;Jos&#233;
  Rafael Fern&#225;ndez</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=42% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Dated: March 10,
  2017</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=45% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Jos&#233; Rafael
  Fern&#225;ndez</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=45% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Vice Chairman
  of the Board</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;page-break-inside:avoid;">
  <td width=4% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=41% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=42% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;">By:</font></p>
  </td>
 <td valign=top width=41% style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">/s/&nbsp;&nbsp;&nbsp;&nbsp;Juan
  Carlos Aguayo</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=42% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Dated: March 10,
  2017</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=45% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Juan Carlos
  Aguayo</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=45% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Director</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;page-break-inside:avoid;">
  <td width=4% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=41% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=42% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;">By:</font></p>
  </td>
 <td valign=top width=41% style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">/s/&nbsp;&nbsp;&nbsp;&nbsp;Jorge
  Col&#243;n Gerena</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=42% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Dated: March 10,
  2017</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=45% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Jorge Col&#243;n
  Gerena</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=45% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Director</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
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<p style="border:none;margin:0in;margin-bottom:10.0pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;tab-stops:center 3.25in right 6.5in;"><font face=Calibri,sans-serif style="border:none;mso-ansi-language:EN-US;mso-fareast-font-family:Calibri;mso-fareast-language:EN-US;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">&nbsp;</font></font></p>


</DIV>
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">PART IV</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ITEM&nbsp;15.</font></b><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;EXHIBITS&nbsp;AND
FINANCIAL STATEMENT SCHEDULES</font></i></b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"> &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:4.5pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The following exhibits are filed as part of this Form
10-K/A. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"> &nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td width=12% style="padding:0in 0in 0in 0in;">
   <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:1.0pt;line-height:normal;">&nbsp;</font></p>
   </td>
 <td colspan=2 width=88% style="padding:0in 0in 0in 0in;">
   <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:1.0pt;line-height:normal;">&nbsp;</font></p>
   </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=12% style="padding:0in 0in 0in 0in;">
   <p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" style="font-size:7.5pt;">Exhibit&nbsp;Number</font></b></p>
   <div style="border:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0in 0in 0in;">
   <p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;page-break-after:avoid;text-align:center;"><font face="Times New Roman,serif" style="font-size:4.0pt;line-height:normal;">&nbsp;</font></p>
   </div>

   </td>
 <td colspan=2 nowrap valign=bottom width=88% style="padding:0in 0in 0in .1in;">
   <p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" style="font-size:7.5pt;">Exhibit
   Description</font></b></p>
<div style="border:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0in 0in 0in;">
   <p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"><font face="Times New Roman,serif" style="font-size:4.0pt;line-height:normal;">&nbsp;</font></p>
   </div>

   </td>
 </tr>
<tr>
  <td colspan=2 nowrap valign=top width=18% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=top width=82% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 </tr>
<tr>
  <td colspan=2 nowrap valign=top width=18% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=top width=82% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 </tr>
<tr>
  <td colspan=2 nowrap valign=top width=18% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=top width=82% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 </tr>
<tr style="height:14.85pt;">
  <td colspan=2 nowrap valign=top width=18% style="height:14.85pt;padding:0in 0in 0in .1in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">31.1</font></p>
  </td>
 <td valign=top width=82% style="height:14.85pt;padding:0in 0in 0in 0in;">
  <p style="margin-left:12.0pt;margin-right:0in;text-indent:-12.0pt;"><font face="Times New Roman,serif" style="font-size:10.0pt;">Certification of Chief Executive Officer pursuant to
  Section&nbsp;302 of the Sarbanes-Oxley Act of 2002</font></p>
  </td>
 </tr>
<tr style="height:14.85pt;">
  <td colspan=2 nowrap valign=top width=18% style="height:14.85pt;padding:0in 0in 0in .1in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">31.2</font></p>
  </td>
 <td valign=top width=82% style="height:14.85pt;padding:0in 0in 0in 0in;">
  <p style="margin-left:12.0pt;margin-right:0in;text-indent:-12.0pt;"><font face="Times New Roman,serif" style="font-size:10.0pt;">Certification of Chief Financial Officer pursuant to
  Section&nbsp;302 of the Sarbanes-Oxley Act of 2002</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 nowrap valign=top width=18% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=top width=82% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 </tr>
<tr style="height:13.5pt;">
  <td colspan=2 nowrap valign=top width=18% style="height:13.5pt;padding:0in 0in 0in .1in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">32.1</font></p>
  </td>
 <td valign=top width=82% style="height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-left:12.0pt;margin-right:0in;text-indent:-12.0pt;"><font face="Times New Roman,serif" style="font-size:10.0pt;">Certification of Chief Executive Officer pursuant to
  Section&nbsp;906 of the Sarbanes-Oxley Act of 2002</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 nowrap valign=top width=18% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=top width=82% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 </tr>
<tr style="height:13.5pt;">
  <td colspan=2 nowrap valign=top width=18% style="height:13.5pt;padding:0in 0in 0in .1in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">32.2</font></p>
  </td>
 <td valign=top width=82% style="height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-left:12.0pt;margin-right:0in;text-indent:-12.0pt;"><font face="Times New Roman,serif" style="font-size:10.0pt;">Certification of Chief Financial Officer pursuant to
  Section&nbsp;906 of the Sarbanes-Oxley Act of 2002</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 nowrap valign=top width=18% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=top width=82% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 </tr>
<tr height=0>
  <td width=12% style="border:none;">&nbsp;</td>
 <td width=6% style="border:none;">&nbsp;</td>
 <td width=82% style="border:none;">&nbsp;</td>
 </tr>
</table></div>


<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">SIGNATURES</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">Pursuant to the requirements of
Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized. </font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">OFG
BANCORP</font></b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;"> &nbsp;</font></p>

<div align=center>

<table border=0 cellpadding=0 cellspacing=0 style="width:100%;">
 <tr>
  <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td width=1% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 <td width=1% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 <td width=35% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 <td width=1% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 <td width=10% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 <td width=1% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 <td width=51% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 </tr>
<tr>
  <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">By: </font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=35% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">/s/ Jos&#233; Rafael Fern&#225;ndez&nbsp; </font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:1.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp; </font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=51% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Dated: March&nbsp;16, 2017</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp; </font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=35% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Jos&#233; Rafael Fern&#225;ndez</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=51% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp; </font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=35% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">President and Chief Executive Officer</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=51% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=35% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=51% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">By: </font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=35% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=ES-PR style="font-size:10.0pt;line-height:normal;">/s/ Maritza Arizmendi D&#237;az&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=ES-PR style="font-size:1.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=ES-PR style="font-size:10.0pt;line-height:normal;">Maritza Arizmendi D&#237;az&nbsp;
  </font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=ES-PR style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=ES-PR style="font-size:10.0pt;line-height:normal;">&nbsp; </font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=ES-PR style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=51% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Dated: March&nbsp;16, 2017</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp; </font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=35% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Executive Vice President and</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=51% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp; </font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=35% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">Chief Financial Officer</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=51% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table>


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<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;line-height:115%;">&nbsp;</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">EXHIBIT INDEX</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:4.5pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#160;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"> &nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>

<div align=center>

<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td width=11% style="padding:0in 0in 0in 0in;">
   <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:1.0pt;line-height:normal;">&nbsp;</font></p>
   </td>
 <td colspan=2 width=89% style="padding:0in 0in 0in 0in;">
   <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:1.0pt;line-height:normal;">&nbsp;</font></p>
   </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=11% style="padding:0in 0in 0in 0in;">
   <p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" style="font-size:7.5pt;">Exhibit&nbsp;Number</font></b></p>
   <div style="border:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0in 0in 0in;">
   <p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;page-break-after:avoid;text-align:center;"><font face="Times New Roman,serif" style="font-size:4.0pt;line-height:normal;">&nbsp;</font></p>
   </div>

   </td>
 <td colspan=2 nowrap valign=bottom width=89% style="padding:0in 0in 0in .1in;">
   <p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" style="font-size:7.5pt;">Exhibit
   Description</font></b></p>
<div style="border:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0in 0in 0in;">
   <p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"><font face="Times New Roman,serif" style="font-size:4.0pt;line-height:normal;">&nbsp;</font></p>
   </div>

   </td>
 </tr>
<tr>
  <td colspan=2 nowrap valign=top width=17% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=top width=83% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 </tr>
<tr>
  <td colspan=2 nowrap valign=top width=17% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=top width=83% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 </tr>
<tr>
  <td colspan=2 nowrap valign=top width=17% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=top width=83% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 </tr>
<tr style="height:14.85pt;">
  <td colspan=2 nowrap valign=top width=17% style="height:14.85pt;padding:0in 0in 0in .1in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">31.1</font></p>
  </td>
 <td valign=top width=83% style="height:14.85pt;padding:0in 0in 0in 0in;">
  <p style="margin-left:12.0pt;margin-right:0in;text-indent:-12.0pt;"><font face="Times New Roman,serif" style="font-size:10.0pt;">Certification of Chief Executive Officer pursuant to
  Section&nbsp;302 of the Sarbanes-Oxley Act of 2002</font></p>
  </td>
 </tr>
<tr style="height:14.85pt;">
  <td colspan=2 nowrap valign=top width=17% style="height:14.85pt;padding:0in 0in 0in .1in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">31.2</font></p>
  </td>
 <td valign=top width=83% style="height:14.85pt;padding:0in 0in 0in 0in;">
  <p style="margin-left:12.0pt;margin-right:0in;text-indent:-12.0pt;"><font face="Times New Roman,serif" style="font-size:10.0pt;">Certification of Chief Financial Officer pursuant to
  Section&nbsp;302 of the Sarbanes-Oxley Act of 2002</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 nowrap valign=top width=17% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=top width=83% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 </tr>
<tr style="height:13.5pt;">
  <td colspan=2 nowrap valign=top width=17% style="height:13.5pt;padding:0in 0in 0in .1in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">32.1</font></p>
  </td>
 <td valign=top width=83% style="height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-left:12.0pt;margin-right:0in;text-indent:-12.0pt;"><font face="Times New Roman,serif" style="font-size:10.0pt;">Certification of Chief Executive Officer pursuant to
  Section&nbsp;906 of the Sarbanes-Oxley Act of 2002</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 nowrap valign=top width=17% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=top width=83% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 </tr>
<tr style="height:13.5pt;">
  <td colspan=2 nowrap valign=top width=17% style="height:13.5pt;padding:0in 0in 0in .1in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:normal;">32.2</font></p>
  </td>
 <td valign=top width=83% style="height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-left:12.0pt;margin-right:0in;text-indent:-12.0pt;"><font face="Times New Roman,serif" style="font-size:10.0pt;">Certification of Chief Financial Officer pursuant to
  Section&nbsp;906 of the Sarbanes-Oxley Act of 2002</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 nowrap valign=top width=17% style="padding:0in 0in 0in .1in;">&nbsp;</td>
 <td valign=top width=83% style="padding:0in 0in 0in 0in;">&nbsp;</td>
 </tr>
<tr height=0>
  <td width=11% style="border:none;">&nbsp;</td>
 <td width=6% style="border:none;">&nbsp;</td>
 <td width=83% style="border:none;">&nbsp;</td>
 </tr>
</table>


</div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>




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<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>ofg10ka12312016Ex311.htm
<DESCRIPTION>EXHIBIT 31.1
<TEXT>

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<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;tab-stops:center 3.25in right 6.5in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">&nbsp;</font></p>


</DIV>
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:right;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">EXHIBIT 31.1 </font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">MANAGEMENT CERTIFICATION PURSUANT TO </font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;text-align:justify;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">I, </font><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Jos&#233; Rafael Fern&#225;ndez</font></b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">, certify
that: </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">1. I have reviewed this
annual report on Form 10-K/A of OFG Bancorp; </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">2. Based on my knowledge,
this report does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect
to the period covered by this report; </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">3. Based on my knowledge,
the financial statements, and other financial information included in this
report, fairly present in all material respects the financial condition,
results of operations and cash flows of the registrant as of, and for, the
periods presented in this report; </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">4.
The registrant&#8217;s other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial
reporting (as defined in Exchange Act Rules 13a-15(f ) and 15d-15(f )) for the
registrant and have: </font></p>

<p style="margin-bottom:.0001pt;margin-left:48.95pt;margin-right:0in;margin-top:4.5pt;text-indent:-24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">a)&#160;&#160;&#160;&#160;&#160;&#160; Designed
such disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared; </font></p>

<p style="margin-bottom:.0001pt;margin-left:48.95pt;margin-right:0in;margin-top:4.5pt;text-indent:-24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">b)&#160;&#160;&#160;&#160;&#160;&#160; Designed
such internal control over financial reporting, or caused such internal control
over financial reporting to be designed under our supervision, to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
accounting principles generally accepted in the United States of America. </font></p>

<p style="margin-bottom:.0001pt;margin-left:48.95pt;margin-right:0in;margin-top:4.5pt;text-indent:-24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">c)&#160;&#160;&#160;&#160;&#160;&#160; Evaluated
the effectiveness of the registrant&#8217;s disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of the end of the period covered by this
report based on such evaluation; and </font></p>

<p style="margin-bottom:.0001pt;margin-left:48.95pt;margin-right:0in;margin-top:4.5pt;text-indent:-24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">d)&#160;&#160;&#160;&#160;&#160;&#160; Disclosed
in this report any change in the registrant&#8217;s internal control over financial
reporting that occurred during the registrant&#8217;s most recent fiscal quarter that
has materially affected, or is reasonably likely to materially affect the
registrant&#8217;s internal control over financial reporting; and </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">5.
The registrant&#8217;s other certifying officer and I have disclosed, based on our
most recent evaluation of internal control over financial reporting, to the
registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of
directors: </font></p>

<p style="margin-bottom:.0001pt;margin-left:48.95pt;margin-right:0in;margin-top:4.5pt;text-indent:-24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">a)&#160;&#160;&#160;&#160;&#160;&#160; All
significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to
adversely affect the registrant&#8217;s ability to record, process, summarize and
report financial information; and </font></p>

<p style="margin-bottom:.0001pt;margin-left:48.95pt;margin-right:0in;margin-top:4.5pt;text-indent:-24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">b)&#160;&#160;&#160;&#160;&#160;&#160; Any
fraud, whether or not material, that involves management or other employees who
have a significant role in the registrant&#8217;s internal control over financial
reporting. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Date
March&nbsp;16, 2017 </font></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td width=7% style="padding:0in 0in 0in 0in;">
   <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:1.0pt;line-height:115%;">&nbsp;</font></p>
   </td>
 <td width=93% style="padding:0in 0in 0in 0in;">
   <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:1.0pt;line-height:115%;">&nbsp;</font></p>
   </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=7% style="padding:0in 0in 0in 0in;">
   <p style="margin-bottom:.75pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;">By:</font></p>
   </td>
 <td nowrap valign=bottom width=93% style="padding:0in 0in 0in .1in;">
   <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" style="font-size:10.0pt;">/s/ Jos&#233; Rafael Fern&#225;ndez</font></p>
   <div style="border:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0in 0in 0in;">
   <p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:1.0pt;padding:0in;text-align:center;"><font face="Times New Roman,serif" style="font-size:4.0pt;line-height:1.0pt;">&nbsp;</font></p>
   </div>

   </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 0in 0in 0in;">
  <p style="margin-left:0in;margin-right:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;">Jos&#233; Rafael
  Fern&#225;ndez</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 0in 0in 0in;">
  <p style="margin-left:0in;margin-right:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;">President
  and Chief Executive Officer</font></p>
  </td>
 </tr>
</table></div>


<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">&nbsp;</font></p>




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<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>3
<FILENAME>ofg10ka12312016Ex312.htm
<DESCRIPTION>EXHIBIT 31.2
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<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;tab-stops:center 3.25in right 6.5in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">&nbsp;</font></p>


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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:right;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">EXHIBIT 31.2 </font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">MANAGEMENT CERTIFICATION PURSUANT TO </font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">I, </font><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Maritza Arizmendi D&#237;az</font></b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">, certify that: </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">1. I have reviewed this
annual report on Form 10-K/A of OFG Bancorp; </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">2. Based on my knowledge,
this report does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect
to the period covered by this report; </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">3. Based on my knowledge,
the financial statements, and other financial information included in this
report, fairly present in all material respects the financial condition,
results of operations and cash flows of the registrant as of, and for, the
periods presented in this report; </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">4.
The registrant&#8217;s other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial
reporting (as defined in Exchange Act Rules 13a-15(f ) and 15d-15(f )) for the
registrant and have: </font></p>

<p style="margin-bottom:.0001pt;margin-left:48.95pt;margin-right:0in;margin-top:4.5pt;text-indent:-24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">a)&#160;&#160;&#160;&#160;&#160;&#160; Designed
such disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared; </font></p>

<p style="margin-bottom:.0001pt;margin-left:48.95pt;margin-right:0in;margin-top:4.5pt;text-indent:-24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">b)&#160;&#160;&#160;&#160;&#160;&#160; Designed
such internal control over financial reporting, or caused such internal control
over financial reporting to be designed under our supervision, to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
accounting principles generally accepted in the United States of America. </font></p>

<p style="margin-bottom:.0001pt;margin-left:48.95pt;margin-right:0in;margin-top:4.5pt;text-indent:-24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">c)&#160;&#160;&#160;&#160;&#160;&#160; Evaluated
the effectiveness of the registrant&#8217;s disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of the end of the period covered by this
report based on such evaluation; and </font></p>

<p style="margin-bottom:.0001pt;margin-left:48.95pt;margin-right:0in;margin-top:4.5pt;text-indent:-24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">d)&#160;&#160;&#160;&#160;&#160;&#160; Disclosed
in this report any change in the registrant&#8217;s internal control over financial
reporting that occurred during the registrant&#8217;s most recent fiscal quarter that
has materially affected, or is reasonably likely to materially affect the
registrant&#8217;s internal control over financial reporting; and </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">5.
The registrant&#8217;s other certifying officer and I have disclosed, based on our
most recent evaluation of internal control over financial reporting, to the
registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of
directors: </font></p>

<p style="margin-bottom:.0001pt;margin-left:48.95pt;margin-right:0in;margin-top:4.5pt;text-indent:-24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">a)&#160;&#160;&#160;&#160;&#160;&#160; All
significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to
adversely affect the registrant&#8217;s ability to record, process, summarize and
report financial information; and </font></p>

<p style="margin-bottom:.0001pt;margin-left:48.95pt;margin-right:0in;margin-top:4.5pt;text-indent:-24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">b)&#160;&#160;&#160;&#160;&#160;&#160; Any
fraud, whether or not material, that involves management or other employees who
have a significant role in the registrant&#8217;s internal control over financial
reporting. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Date:
March&nbsp;16, 2017</font></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
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  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:1.0pt;line-height:115%;">&nbsp;</font></p>
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 <td width=91% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:1.0pt;line-height:115%;">&nbsp;</font></p>
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  <p style="margin-left:0in;margin-right:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;">By:</font></p>
  </td>
 <td valign=top width=91% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" style="font-size:10.0pt;">/s/ Maritza Arizmendi D&#237;az</font></p>
  <div style="border:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0in 0in 0in;">
  <p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:1.0pt;padding:0in;text-align:center;"><font face="Times New Roman,serif" style="font-size:4.0pt;line-height:1.0pt;">&nbsp;</font></p>
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  <td colspan=2 valign=top width=100% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:115%;">Maritza Arizmendi D&#237;az</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:115%;">Executive&nbsp;Vice&nbsp;President&nbsp;and&nbsp;Chief&nbsp;Financial&nbsp;Officer</font></p>
  </td>
 </tr>
</table></div>


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<TYPE>EX-32.1
<SEQUENCE>4
<FILENAME>ofg10ka12312016Ex321.htm
<DESCRIPTION>EXHIBIT 32.1
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<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;tab-stops:center 3.25in right 6.5in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">&nbsp;</font></p>


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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:13.5pt;text-align:right;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">EXHIBIT 32.1 </font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">CERTIFICATION PURSUANT TO </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">SECTION 906 OF THE
SARBANES-OXLEY ACT OF 2002 </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">(18 U.S.C. &#167;1350) </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In
connection with the amendment of OFG Bancorp&#8217;s annual report on Form 10-K for
the year ended December&nbsp;31, 2016, originally filed with the Securities and
Exchange Commission on March 10, 2017 (the &#8220;Amended Report&#8221;), I, Jos&#233; Rafael
Fern&#225;ndez, President and Chief Executive Officer of OFG Bancorp, hereby
certify, pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002 (18
U.S.C. &#167;1350), that: </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">1. The Amended Report
fully complies with the requirements of Section&nbsp;13(a) or 15(d) of the
Securities Exchange Act of 1934; and </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">2. The information
contained in the Amended Report fairly presents, in all material respects, the
financial condition and results of operations of OFG Bancorp. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In witness whereof, I
execute this certification in San Juan, Puerto Rico, this </font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">16th day of March,
2017</font></u><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">. &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;margin-left:4.5in;width:100%;">
 <tr>
  <td width=12% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:1.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td width=88% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:1.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
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  <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p style="margin-left:0in;margin-right:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;">By:</font></p>
  </td>
 <td valign=bottom width=88% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" style="font-size:10.0pt;">/s/ Jos&#233; Rafael Fern&#225;ndez</font></p>
  <div style="border:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0in 0in 0in;">
  <p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:1.0pt;padding:0in;text-align:center;"><font face="Times New Roman,serif" style="font-size:4.0pt;line-height:1.0pt;">&nbsp;</font></p>
  </div>

  </td>
 </tr>
<tr>
  <td valign=top width=12% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:4.0pt;line-height:2.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=88% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:115%;">Jos&#233; Rafael Fern&#225;ndez</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=12% style="padding:0in 0in 0in .1in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:4.0pt;line-height:2.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=88% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:115%;">President and Chief Executive Officer</font></p>
  </td>
 </tr>
</table></div>


<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">&nbsp;</font></p>




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<DOCUMENT>
<TYPE>EX-32.2
<SEQUENCE>5
<FILENAME>ofg10ka12312016Ex322.htm
<DESCRIPTION>EXHIBIT 32.2
<TEXT>

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<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;tab-stops:center 3.25in right 6.5in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">&nbsp;</font></p>


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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:13.5pt;text-align:right;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">EXHIBIT 32.2 </font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">CERTIFICATION PURSUANT TO </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">SECTION 906 OF THE
SARBANES-OXLEY ACT OF 2002 </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">(18 U.S.C. &#167;1350) </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In
connection with the amendment of OFG Bancorp&#8217;s annual report on Form 10-K for
the year ended December&nbsp;31, 2016, originally filed with the Securities and
Exchange Commission on the March 10, 2017 (the &#8220;Amended Report&#8221;), I, Maritza
Arizmendi D&#237;az, Executive Vice President and Chief Financial Officer of OFG
Bancorp, hereby certify, pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act
of 2002 (18 U.S.C. &#167;1350), that: </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">1. The Amended Report
fully complies with the requirements of Section&nbsp;13(a) or 15(d) of the
Securities Exchange Act of 1934; and </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">2. The information
contained in the Amended Report fairly presents, in all material respects, the
financial condition and results of operations of OFG Bancorp. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In witness whereof, I
execute this certification in San Juan, Puerto Rico, this </font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">16th day of March,
2017</font></u><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">. &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<div align=right>

<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td width=6% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:1.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td width=94% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:1.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=6% style="padding:0in 0in 0in 0in;">
  <p style="margin-left:0in;margin-right:0in;page-break-after:avoid;"><font face="Times New Roman,serif" style="font-size:10.0pt;">By:</font></p>
  </td>
 <td valign=bottom width=94% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" style="font-size:10.0pt;">/s/ Maritza Arizmendi D&#237;az</font></p>
  <div style="border:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0in 0in 0in;">
  <p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:1.0pt;padding:0in;text-align:center;"><font face="Times New Roman,serif" style="font-size:4.0pt;line-height:1.0pt;">&nbsp;</font></p>
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<tr>
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  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:115%;">Maritza Arizmendi D&#237;az</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 nowrap valign=top width=100% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:10.0pt;line-height:115%;">Executive Vice President and Chief Financial
  Officer</font></p>
  </td>
 </tr>
</table>


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