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The Office of the Commissioner of Financial Institutions of Puerto Rico —in Spanish: Oficina del Comisionado de Instituciones Financieras ( OCIF )—is an office of the Department of Treasury of Puerto Rico that supervises and regulates Puerto Rico's financial sector to ensure its safety and soundness, as well as to oversee a strict adherence ...
OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank ...
The Government Development Bank for Puerto Rico ( GDB) — Spanish: Banco Gubernamental de Fomento para Puerto Rico ( BGF )— is the government bond issuer, intragovernmental bank, fiscal agent, and financial advisor of the government of Puerto Rico. [1] [2] The bank, along with its subsidiaries and affiliates, serves as the principal entity ...
The Puerto Rico Municipal Financing Agency ( MFA) — Spanish: Agencia para el Financiamiento Municipal de Puerto Rico ( AFM )— is the municipal bond issuer and an intragovernmental bank of the government of Puerto Rico. [1] The Agency is a government-owned corporation of the government of Puerto Rico and a principal affiliate of the Puerto ...
The Municipal Finance Corporation —Spanish: Corporación de Financiamiento Municipal ( COFIM )— is a government-owned corporation of Puerto Rico that issues government bonds and uses other financing mechanisms to pay or refinance, directly or indirectly, in whole or in part, the debts of the municipalities of Puerto Rico payable or backed ...
The remaining bills, with an estimated value of $14,872 were taken out of circulation nine years later by the Puerto Rico Commercial Bank. Parallel to the Bank of Puerto Rico, American investors saw an opportunity to establish banks in Puerto Rico. The first of these was the American Colonial Bank, which opened in 1899.
The R & G Financial Corporation (commonly known as RG Financial or R-G Financial) was a financial holding company located in San Juan, Puerto Rico. On April 30, 2010, its bank failed and its deposits and assets were seized by the Federal Deposit Insurance Corporation (FDIC). Its deposits and assets were subsequently sold to Scotiabank.
Financial Oversight and Management Board for Puerto Rico. Financial Oversight and Management Board for Puerto Rico (FOMBPR), colloquially known as La Junta de Control/Supervisión Fiscal is a government entity whose role to revise and approve the budget and obligations of the government of Puerto Rico was created by federal law PROMESA .