Oriental Bank and Trust is a Puerto Rico-based bank that is a subsidiary of OFG Bancorp, a publicly traded bank holding company listed on the New York Stock Exchange (Symbol:OFG). Though the bank’s only branches are located in Puerto Rico, United States residents are free to open accounts via the online banking channel. Oriental is regulated by the FDIC and thus abides by both U.S. and Puerto Rico laws and statutes.
Oriental Bank and Trust offers personal and business banking products, as well as investment management services through bank advisors. Checking accounts offered on the personal banking side all include a debit card, direct deposit capabilities, and access to online banking. Also on its personal banking side are savings and Certificate of Deposit (CD) accounts that offer various features and interest rates to account holders. A children’s savings and a teen savings account are both available with no service charges as long as a very small amount is kept in the account. Oriental’s CDs range in term lengths from 1 month to 5 years and offer a fixed interest rate. On the business banking side, Oriental offers cash management services, lines of credit, and point of sale systems to help businesses achieve growth and operational stability.
Oriental Bank and Trust online banking provides a web-based platform for consumers to verify account balances, review transactions, view check images, make electronic fund transfers, and pay bills. The Oriental website is set up for mobile banking, as well, giving customers a convenient way to bank on the go from their smartphones or tablets. The website also includes educational resources for consumers of all ages to help with product definition and financial guidance.
Oriental was originally established in 1965 as the Oriental Federal Savings Bank and changed its organization type with the FDIC to commercial bank. It is headquartered in San Juan, Puerto Rico and recently changed its name to Oriental Bank. It serves its customers through multiple branches located across the island commonwealth.
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The Only Bank In PR That Doesn't Charge A Monthly Maintenance Fee.
Oriental is the only bank that doesn't charge a monthly maintenance fee or ATM fees outside it's network. The mobile app is useful but the interface is not very modern. They don't pay interest on checking or savings.
2.02% Rate
Having just contacted the bank, the rate is now 2.0% and will be 1.75% next month. The rates can change every 2 weeks. Their web site does not disclose their rates.
Intereses Del Mortgage Mal Cobrados
In the months of February/March2021, I paid the PRINCIPAL balance of my mortgage $33,505. They decided to add $3,872.48 for interest. However, this is a Payment for the PRINCIPAL. Why are they charging interest for this payment? It’s unfair. I sent 2 emails for supervisor Norma Hernandez Ramos and for the vice president Sinesio Diaz and a bunch of calls. They didn’t respond. I had my mortgage with Scotia, no problem after 13 years of relation with them. This is an awful situation. They are stealing money. I need a refund of the $3,872.48 or add it to the PRINCIPAL balance.
En febrero/2021 pagué al principal del mortgage más de 33k, ellos pusieron sin avisar ni explicar el 11.5% (3,872.48) al interés. Eso es un robo. Luego de muchos emails y llamadas no han resuelto. Es injusto.
Worse Bank Ever
Estimado oriental, queria compartir con ustedes una foto. Este es Oriental Bank en Guayama. A donde entre hoy con un cheque de su propio banco, a cambiar mi cheque. Entre con licencia expirada, con tarjeta electoral, ID universitario y ID laboral y hasta con tarjeta de seguro social. No me pudieron atender por su politica en contra del ciudadano. Gracias a ustedes no podre pagarle a mi mecanico ni renovar mi licencia. Es decir, no podre ir a trabajar. Millones de gracias por quitarle el plato de comida a mi hija de 4 y a mi hijo de 17 meses y por anadirme a mi a la cifra de mas del 60% de la isla que esta desempleada. #agradeceladiferencia
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 31469 |
| Year Established | 1965 |
| Employees | 2232 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.76% |
| Return on Equity - YTD | 17.64% |
| Annual Interest Income | $306.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $9.93B$10.19B |
| Loans | Q2 2023vs Q2 2022 | $6.99B$6.59B |
| Deposits | Q2 2023vs Q2 2022 | $8.55B$9.05B |
| Equity Capital | Q2 2023vs Q2 2022 | $1.01B$958.9MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $159.9MM$159.0MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $118.3MM$129.3MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $10.6MM$15.1MM |