OFG Bancorp (OFG) 8-K Departure of Directors or Principal Officers

EMILIO J. RODRIGUEZ JARABO

November 28, 2005

Mr. José E. Fernández
Chairman Board of Directors
Oriental Financial Group
San Juan, PR


Via Fax and Messenger

Dear José Enrique:

     I address you to inform you that due to certain personal circumstances, I have decided to resign from my position as Director of Oriental Financial Group, which I have occupied since 1993. It was not an easy decision, but I need to have more time to handle my business affairs and to support my children.

     I am very proud of having been part of the Board of Directors of Oriental Financial Group during these years and of the achievements obtained. I also think this is an opportunity for the Institution to pursue its strategy of rejuvenating its ideas with new blood.

     You know that I am available to cooperate with you in any situation that may need my involvement or support.

     I reiterate once again that I am at your disposition and wish you success in all your endeavors.

Sincerely,
 

/s/ Emilio J. Rodríguez  

Emilio J. Rodríguez 

CALL BOX 13993 • SAN JUAN, PR 00908
TELEPHONE: 787× 721×1717 • FAX: 787× 722×2079