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EXHIBIT 21.1

LIST OF SUBSIDIARIES

A)

ORIENTAL BANK

– an FDIC insured non-member commercial bank organized and existing under the laws of the

Commonwealth of Puerto Rico.

SUBSIDIARIES OF ORIENTAL BANK:

1.

Oriental International Bank Inc.

– a corporation and an international banking entity organized and existing under

the laws of the Commonwealth of Puerto Rico.

2. 

OFG USA, LLC

 - a limited liability company organized and existing under the laws of the State of Delaware.

B)

ORIENTAL FINANCIAL SERVICES LLC

 - a limited liability company and a registered securities broker-dealer and

investment adviser organized and existing under the laws of the Commonwealth of Puerto Rico.

C)

ORIENTAL INSURANCE LLC

– a limited liability company and a registered insurance agency organized and existing under

the laws of the Commonwealth of Puerto Rico.

D)

ORIENTAL PENSION CONSULTANTS, INC

–

 a corporation organized and existing under the laws of the State of Florida.

E)

ORIENTAL FINANCIAL (PR) STATUTORY TRUST II

–

 a special purpose statutory trust organized under the laws of the

State of Connecticut. 

F)

OFG VENTURES LLC

–

 a limited liability company organized and existing under the laws of the State of Delaware.