Tag: OFG Bancorp

Scotiabank Completes Sale Of Its Banking Operations In USVI and Puerto Rico

SAN JUAN — Oriental Bank completed the acquisition of the Puerto Rico and U.S. Virgin Islands operations of Scotiabank on December 31, 2019. Upon closing, Scotiabank’s Puerto Rico and USVI operations will further strengthen Oriental’s position as the premier retail bank in Puerto Rico. Oriental will have a well-diversified loan portfolio totaling $7.2 billion, deposits […]

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 […]