<SEC-DOCUMENT>0001030469-19-000024.txt : 20191212
<SEC-HEADER>0001030469-19-000024.hdr.sgml : 20191212
<ACCEPTANCE-DATETIME>20191211181143
ACCESSION NUMBER:		0001030469-19-000024
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20191211
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20191212
DATE AS OF CHANGE:		20191211

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:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12647
		FILM NUMBER:		191280596

	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>8-K
<SEQUENCE>1
<FILENAME>ofg8kregulatoryapprov.htm
<DESCRIPTION>8-K
<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=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:4.0pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:18.0pt;line-height:normal;">UNITED STATES </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:18.0pt;line-height:normal;">SECURITIES AND EXCHANGE COMMISSION </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:12.0pt;line-height:normal;">Washington, D.C. 20549 </font></b></p>

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<p align=center style="border:none;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:115%;">&nbsp;</font></p>

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<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:18.0pt;line-height:normal;">FORM
8-K</font></b></p>

<div style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">

<p style="border:none;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:115%;">&nbsp;</font></p>

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<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:normal;">CURRENT
REPORT </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:12.0pt;line-height:normal;">PURSUANT TO SECTION 13 OR 15(D) </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:12.0pt;line-height:normal;">OF THE SECURITIES EXCHANGE ACT OF 1934 </font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:normal;">Date
of report (Date of earliest event reported): December 11, 2019 </font></b></p>

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<p align=center style="border:none;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:115%;">&nbsp;</font></p>

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<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:24.0pt;line-height:normal;">OFG
BANCORP</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:12.0pt;line-height:normal;">(Exact Name of Registrant as Specified in
Charter) </font></b></p>

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<p align=center style="border:none;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:115%;">&nbsp;</font></p>

</div>


<div align=center>

<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td width=34% 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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td 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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td 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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=top width=34% style="padding:0in 0in 0in 0in;">
  <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" style="font-size:12.0pt;line-height:normal;">Commonwealth of Puerto Rico</font></b></p>
  </td>
 <td valign=bottom 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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top style="padding:0in 0in 0in 0in;">
  <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" style="font-size:12.0pt;line-height:normal;">001-12647</font></b></p>
  </td>
 <td valign=bottom 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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top style="padding:0in 0in 0in 0in;">
  <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" style="font-size:12.0pt;line-height:normal;">66-0538893</font></b></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=top width=34% style="padding:0in 0in 0in 0in;">
  <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" style="font-size:8.0pt;line-height:normal;">(State or Other Jurisdiction</font></b></p>
  <p align=center style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" style="font-size:8.0pt;line-height:normal;">of
  Incorporation)</font></b></p>
  </td>
 <td valign=bottom 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:8.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top style="padding:0in 0in 0in 0in;">
  <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" style="font-size:8.0pt;line-height:normal;">(Commission</font></b></p>
  <p align=center style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" style="font-size:8.0pt;line-height:normal;">File
  Number)</font></b></p>
  </td>
 <td valign=bottom 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:8.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top style="padding:0in 0in 0in 0in;">
  <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" style="font-size:8.0pt;line-height:normal;">(I.R.S. Employer</font></b></p>
  <p align=center style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" style="font-size:8.0pt;line-height:normal;">Identification
  No.)</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=3 style="height:12.0pt;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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td colspan=2 style="height:12.0pt;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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.35pt;page-break-inside:avoid;">
  <td colspan=3 valign=top style="height:10.35pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" style="font-size:12.0pt;line-height:normal;">Oriental
  Center, 15<sup>th</sup> Floor</font></b></p>
  <p align=center style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" style="font-size:12.0pt;line-height:normal;">254
  Mu&#241;oz Rivera Avenue</font></b></p>
  <p align=center style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" style="font-size:12.0pt;line-height:normal;">San
  Juan, Puerto Rico</font></b></p>
  </td>
 <td valign=bottom style="height:10.35pt;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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom style="height:10.35pt;padding:0in 0in 0in 0in;">
  <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" style="font-size:12.0pt;line-height:normal;">00918</font></b></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=3 valign=top style="padding:0in 0in 0in 0in;">
  <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" style="font-size:8.0pt;line-height:normal;">(Address of Principal Executive Offices)</font></b></p>
  </td>
 <td valign=bottom 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:8.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top style="padding:0in 0in 0in 0in;">
  <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" style="font-size:8.0pt;line-height:normal;">(Zip Code)</font></b></p>
  </td>
 </tr>
</table>


</div>


<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:normal;">Registrant&#8217;s
telephone number, including area code: (787) 771-6800</font></b></p>

<div style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">

<p align=center style="border:none;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:115%;">&nbsp;</font></p>

</div>


<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:normal;">(Former
name or former address, if changed since last report.)</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:normal;">Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions: </font></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:6.0pt;line-height:normal;">&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 valign=top width=4% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Segoe UI Symbol,sans-serif" style="font-size:12.0pt;line-height:normal;">&#9744;</font></p>
  </td>
 <td valign=top 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:12.0pt;line-height:normal;">Written
  communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  </font></p>
  </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:6.0pt;line-height:normal;">&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 valign=top width=4% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Segoe UI Symbol,sans-serif" style="font-size:12.0pt;line-height:normal;">&#9744;</font></p>
  </td>
 <td valign=top 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:12.0pt;line-height:normal;">Soliciting
  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
  </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:6.0pt;line-height:normal;">&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 valign=top width=4% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Segoe UI Symbol,sans-serif" style="font-size:12.0pt;line-height:normal;">&#9744;</font></p>
  </td>
 <td valign=top 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:12.0pt;line-height:normal;">Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b))</font></p>
  </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:6.0pt;line-height:normal;">&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 valign=top width=4% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Segoe UI Symbol,sans-serif" style="font-size:12.0pt;line-height:normal;">&#9744;</font></p>
  </td>
 <td valign=top 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:12.0pt;line-height:normal;">Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c))</font></p>
  </td>
 </tr>
</table></div>



<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;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:12.0pt;line-height:normal;">Securities
registered pursuant to Section 12(b) of the Act:</font></p>

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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 style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></b></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td valign=bottom width=40% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">Title of each class</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=24% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">Trading</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" style="font-size:10.0pt;line-height:normal;">Symbol(s)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=34% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">Name of each exchange</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" style="font-size:10.0pt;line-height:normal;">&#160;on which registered</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=40% style="border:none;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">Common shares, par value $1.00 per share</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=24% style="border:none;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">OFG</font></b></p>
  </td>
 <td width=1% style="border:none;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=34% style="border:none;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">New York Stock Exchange</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=40% style="height:.1in;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=24% style="height:.1in;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=34% style="height:.1in;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=40% style="padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">7.125% Noncumulative Monthly Income
  Preferred Stock, Series A ($25.00 liquidation preference per share)</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=24% style="padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">OFG.PRA</font></b></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=34% style="padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">New York Stock Exchange</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=40% style="height:.1in;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=24% style="height:.1in;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=34% style="height:.1in;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=40% style="padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">7.0% Noncumulative Monthly Income
  Preferred Stock, Series B ($25.00 liquidation preference per share)</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=24% style="padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">OFG.PRB</font></b></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=34% style="padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">New York Stock Exchange</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=40% style="height:.1in;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=24% style="height:.1in;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=34% style="height:.1in;padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=40% style="padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">7.125% Noncumulative Perpetual Preferred
  Stock, Series D ($25.00 liquidation preference per share)</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=24% style="padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">OFG.PRD</font></b></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=34% style="padding:0in 0in 0in 0in;">
  <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" style="font-size:10.0pt;line-height:normal;">New York Stock Exchange</font></b></p>
  </td>
 </tr>
</table></div>



<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;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:12.0pt;line-height:normal;">Indicate by check mark
whether the registrant is an emerging growth company as defined in Rule 405 of
the Securities Act of 1933 (&#167; 230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (&#167; 240.12b-2 of this chapter). </font></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:12.0pt;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=EN-US style="font-size:12.0pt;line-height:normal;">Emerging
growth company&#160; </font><font face="MS Mincho" lang=EN-US style="font-size:12.0pt;line-height:normal;">&#9744;&nbsp;</font><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;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=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<div style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">

<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:115%;">If
an emerging growth company, indicate by check mark if the registrant has
elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of
the Exchange Act.&#160; </font><font face="MS Mincho" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#9744;&nbsp;</font></p>

</div>



<DIV bclFooter>


<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>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_3"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<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>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <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;"><b><font face="Times New Roman,serif" style="font-size:12.0pt;line-height:normal;">Item&nbsp;7.01</font></b></p>
  </td>
 <td valign=top style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman,serif" style="font-size:12.0pt;line-height:normal;">Regulation
  FD Disclosure. </font></b></p>
  </td>
 </tr>
</table></div>



<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:normal;">On December 11,
2019, OFG Bancorp (the &#8220;Company&#8221;) issued a press release announcing the receipt
of regulatory approvals from the Board of Governors of the Federal Reserve
System, Federal Deposit Insurance Corporation and the Office of the
Commissioner of Financial Institutions of Puerto Rico required for its banking
subsidiary, Oriental Bank, to consummate the previously announced acquisition
of the Puerto Rico and US Virgin Islands operations of Scotiabank (NYSE: BNS).&#160;
OFG&#8217;s previously announced acquisition of Scotiabank&#8217;s US Virgin Islands
operations remains subject to receipt of final approval and related licenses
from the US Virgin Islands Banking Board. OFG expects to complete the
acquisition by December 31, 2019.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:normal;">A copy of the
press release is being furnished as Exhibit 99.1 to this report and is
incorporated by reference under this Item 7.01.&#160; The information in Items 7.01
and 9.01 of this report (including Exhibit 99.1 hereto) is being &#8220;furnished&#8221;
and shall not be deemed &#8220;filed&#8221; for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, is not subject to the liabilities
of that section and is not deemed incorporated by reference in any filing under
the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934,
as amended, except as shall be expressly set forth by specific reference in
such a filing.</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 valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman,serif" style="font-size:12.0pt;line-height:normal;">Item&nbsp;9.01</font></b></p>
  </td>
 <td valign=top style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman,serif" style="font-size:12.0pt;line-height:normal;">Financial
  Statements and Exhibits. </font></b></p>
  </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:1.0pt;line-height:normal;">&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 valign=top width=4% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:12.0pt;line-height:normal;">(d)</font></p>
  </td>
 <td valign=top style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="font-size:12.0pt;line-height:normal;">Exhibits. The
  following exhibits are filed with this report: </font></p>
  </td>
 </tr>
</table></div>



<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:normal;">&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:12.0pt;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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=87% 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:12.0pt;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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <div style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"><b><font face="Times New Roman,serif" style="font-size:12.0pt;line-height:normal;">Exhibit<br>
  No.</font></b></p>
  </div>

  </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:12.0pt;line-height:normal;">&nbsp;&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=87% style="padding:0in 0in 0in 0in;">
<div style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"><b><font face="Times New Roman,serif" style="font-size:12.0pt;line-height:normal;">Description</font></b></p>
  </div>

  </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:12.0pt;line-height:normal;">&nbsp;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td width=11% style="height:6.0pt;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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=88% style="height:6.0pt;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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;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:11.0pt;line-height:115%;">&nbsp;</font></p></td>
 </tr>
<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:12.0pt;line-height:normal;">99.1</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:12.0pt;line-height:normal;">&nbsp;&nbsp;</font></p>
  </td>
 <td valign=bottom width=87% 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:12.0pt;line-height:normal;">Press release by the Company dated December 11, 2019</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:12.0pt;line-height:normal;">&nbsp;&nbsp;</font></p>
  </td>
 </tr>
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<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.0pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:normal;">SIGNATURES </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;line-height:normal;">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 hereunto duly
authorized. </font></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:12.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td width=47% 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:12.0pt;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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=4% 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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td 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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=bottom width=47% 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:12.0pt;line-height:normal;">Date:
  December 11, 2019</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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom 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:12.0pt;line-height:normal;">OFG
  BANCORP</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=47% style="height:12.0pt;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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=5% style="height:12.0pt;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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td colspan=2 style="height:12.0pt;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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=bottom width=47% 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:12.0pt;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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% 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:12.0pt;line-height:normal;">By:</font></p>
  </td>
 <td valign=bottom 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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom style="padding:0in 0in 0in 0in;">
  <div style="border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"><font face="Times New Roman,serif" style="font-size:12.0pt;line-height:normal;">/s/&nbsp;Carlos O. Souffront</font></p>
  </div>

  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=bottom width=47% 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:12.0pt;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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% 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:12.0pt;line-height:normal;">Name:</font></p>
  </td>
 <td valign=bottom 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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:12.0pt;line-height:normal;">Carlos
  O. Souffront</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=bottom width=47% 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:12.0pt;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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=4% 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:12.0pt;line-height:normal;">Title:</font></p>
  </td>
 <td valign=bottom 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:12.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:12.0pt;line-height:normal;">General
  Counsel and Secretary of the Board of Directors</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>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ofg8exhibit991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>

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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


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

<p align=right style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Exhibit
99.1</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name="_Hlk25214250"></a><img height=76 id="Picture 1" src="ofg8exhibit991x0x0.jpg" width=351></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=#F5821F face="Futura Md BT,sans-serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">OFG
Receives Regulatory Approvals for Acquisition of Scotiabank Operations in
Puerto Rico</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Century Schoolbook,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">SAN JUAN,
Puerto Rico, December 11, 2019 &#8211; OFG Bancorp (NYSE: OFG) announced receipt of
regulatory approvals from the Board of Governors of the Federal Reserve System,
Federal Deposit Insurance Corporation and the Office of the Commissioner of
Financial Institutions of Puerto Rico required for its banking subsidiary,
Oriental Bank, to consummate the previously announced acquisition of the Puerto
Rico and US Virgin Islands operations of Scotiabank (NYSE: BNS).&#160; OFG&#8217;s
previously announced acquisition of Scotiabank&#8217;s US Virgin Islands operations
remains subject to receipt of final approval and related licenses from the US
Virgin Islands Banking Board. OFG expects to complete the acquisition by
December 31, 2019.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Century Schoolbook,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">Upon closing,
Scotiabank&#8217;s PR and USVI operations will further strengthen Oriental&#8217;s position
as the premier retail bank in Puerto Rico. Oriental will have the second
largest market share in Puerto Rico in core deposits, branches, automated and
interactive teller machines, mortgage servicing, and insurance brokerage, in
addition to becoming the third largest bank in USVI by deposits.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Century Schoolbook,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">Oriental will have a well-diversified
loan portfolio totaling $7.2 billion, deposits of $7.9 billion, and
approximately 500,000 customers. Its mortgage servicing book will expand
five-fold to approximately $5 billion, providing critical mass to become a
meaningful source of non-interest income. In addition, Oriental will have 460
ATMs and 11 Interactive Teller Machines, 55 branches, and more than 2,400
employees.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Century Schoolbook,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8220;We are combining two excellent
franchises to create a strongly capitalized, market-leading institution,&#8221; said
Jos&#233; Rafael Fern&#225;ndez, President, Chief Executive Officer and Vice Chairman of
the Board of OFG and Oriental. &#8220;We&#8217;re excited about welcoming Scotia&#8217;s valued customers
and talented team into the Oriental family.&#8221;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Century Schoolbook,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8220;The new
Oriental will offer a wide array of products and services with a special
emphasis on consumers and small businesses in Puerto Rico and US Virgin
Islands, building upon our differentiated reputation for convenience and
helping customers better manage their finances.&#8221;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Century Schoolbook,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">Upon closing
and for a transitional period, Oriental will continue using the Scotiabank
technology platforms. As a result, customers can interact with the bank, and
use branches, as they do currently without any need for change. In addition,
customers will be able to use all Oriental ATMs at no charge and make credit
card, mortgage, auto and personal loan payments and make deposits by check
through express mailboxes in all branches.</font></p>




<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=#A7A9AC face="Futura Md BT,sans-serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></b></p>


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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=#A7A9AC face="Futura Md BT,sans-serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">About OFG Bancorp</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Century Schoolbook,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">Now in its 55<sup>th</sup>
year in business, OFG Bancorp is a diversified financial holding company that
operates under U.S. and Puerto Rico banking laws and regulations. Its three
principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental
Insurance provide retail and commercial banking, lending and wealth management
products, services and technology, primarily in Puerto Rico. Visit us at
www.ofgbancorp.com.</font></p>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#A7A9AC face="Futura Md BT,sans-serif" style="font-size:10.0pt;">Forward Looking Statements</font></b></h2>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font face="Century Schoolbook,serif" lang=EN-US style="font-size:10.0pt;">The information included in this document contains
certain forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements are based on management&#8217;s
current expectations and involve certain risks and uncertainties that may cause
actual results to differ materially from those expressed in the forward-looking
statements.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font face="Century Schoolbook,serif" lang=EN-US style="font-size:10.0pt;">Factors that might cause such a difference include,
but are not limited to (i) the rate of growth in the economy and employment
levels, as well as general business and economic conditions; (ii) changes in
interest rates, as well as the magnitude of such changes; (iii) changes to the
financial condition of the government of Puerto Rico; (iv) amendments to the
fiscal plan approved by the Financial Oversight and Management Board of Puerto
Rico; (v) determinations in the court-supervised debt-restructuring process
under Title III of PROMESA for the Puerto Rico government and all of its
agencies, including some of its public corporations; (vi) the amount of
government, private and philanthropic financial assistance for the
reconstruction of Puerto Rico&#8217;s critical infrastructure, which suffered
catastrophic damages caused by hurricane Maria; (vii) the pace and magnitude of
Puerto Rico&#8217;s economic recovery; (viii) the potential impact of damages from
future hurricanes and natural disasters in Puerto Rico; (ix) the fiscal and
monetary policies of the federal government and its agencies; (x) changes in
federal bank regulatory and supervisory policies, including required levels of
capital; (xi) the relative strength or weakness of the commercial and consumer
credit sectors and the real estate market in Puerto Rico; (xii) the performance
of the stock and bond markets; (xiii) competition in the financial services
industry; and (xiv) possible legislative, tax or regulatory changes.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font face="Century Schoolbook,serif" lang=EN-US style="font-size:10.0pt;">For a discussion of such factors and certain risks
and uncertainties to which OFG is subject, see OFG&#8217;s annual report on Form 10-K
for the year ended December 31, 2018, as well as its other filings with the
U.S. Securities and Exchange Commission. Other than to the extent required by
applicable law, including the requirements of applicable securities laws, OFG
assumes no obligation to update any forward-looking statements to reflect
occurrences or unanticipated events or circumstances after the date of such
statements.</font></p>

<p align=center style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=#F5821F face="Futura Bk BT,sans-serif" lang=ES-PR style="font-size:10.0pt;line-height:normal;"># # #</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=#A7A9AC face="Futura Md BT,sans-serif" lang=ES-PR style="font-size:10.0pt;line-height:normal;">Contacts</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=#F5821F face="Futura Bk BT,sans-serif" lang=ES-PR style="font-size:10.0pt;line-height:normal;">Puerto Rico:</font></b><font face="Century Schoolbook,serif" lang=ES-PR style="font-size:10.0pt;line-height:normal;"> Idalis Montalvo (</font><u><font color=blue face="Century Schoolbook,serif" lang=ES-PR style="font-size:10.0pt;line-height:normal;">idalis.montalvo@orientalbank.com</font></u><font face="Century Schoolbook,serif" lang=ES-PR style="font-size:10.0pt;line-height:normal;">) at (787)
777-2847 </font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=#F5821F face="Futura Bk BT,sans-serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">US:</font></b><font face="Century Schoolbook,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">
Gary Fishman (</font><u><font color=blue face="Century Schoolbook,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">gfishman@ofgbancorp.com</font></u><font face="Century Schoolbook,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">)
and Steven Anreder (</font><u><font color=blue face="Century Schoolbook,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">sanreder@ofgbancorp.com</font></u><font face="Century Schoolbook,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">)
at (212) 532-3232</font></p>

<p align=right style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></b></p>



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