OFG Bancorp To Buy Scotiabank’s Operations in the U.S. Virgin Islands and Puerto Rico

TORONTO — The Bank of Nova Scotia is unloading its operations in the U.S. Virgin Islands and Puerto Rico at a loss as the bank continues to shrink its sprawling global footprint. OFG Bancorp says it is acquiring the Toronto-based bank’s Puerto Rico operation for $550 million in cash, and Scotiabank’s U.S. Virgin Islands branch … Continue reading OFG Bancorp To Buy Scotiabank’s Operations in the U.S. Virgin Islands and Puerto Rico