Mail Stop 4561
								November 2, 2005

Jose J. Gil de Lamadrid
Chairman - Audit Committee
Oriental Financial Group Inc.
Professional Offices Park
998 San Roberto Street
San Juan, Puerto Rico 00926

Re:	Oriental Financial Group Inc.
	Item 4.01 Form 8-K
      Filed October 28, 2005
	File No.  001-12647

Dear Mr. Gil de Lamadrid:

      We have reviewed your filing and have the following
comments.
Where indicated, we think you should revise your document in
response
to these comments.  If you disagree, we will consider your
explanation as to why our comment is inapplicable or a revision is
unnecessary.  Please be as detailed as necessary in your
explanation.
In some of our comments, we may ask you to provide us with more
information so we may better understand your disclosure.  After
reviewing this information, we may raise additional comments.

	Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your filing.
We look forward to working with you in these respects.  We welcome
any questions you may have about our comments or any other aspect
of
our review.  Feel free to call us at the telephone numbers listed
at
the end of this letter.

Item 4.01 Changes in Registrant`s Certifying Accountant
1. Please amend your Form 8-K to state whether your former auditor
resigned, declined to stand for re-election, or was dismissed and
the
actual date thereof.   The staff notes that you disclosed that the
company`s current independent registered public accountant, will
terminate with the Company`s filing of the Form 10-Q for the
quarter
ended September 30, 2005.  Include an updated letter



from your former auditor addressing your revised disclosure as an
exhibit to your Form 8-K/A.

      As appropriate, please respond to these comments within five
business days and tell us when you will amend your filing or tell
us
when you will respond.  You may wish to provide us with marked
copies
of the amendment to expedite our review.  Please
furnish a cover letter with your amendment that keys your
responses
to our comments and provides any requested information.  Detailed
cover letters greatly facilitate our review.  Please understand
that
we may have additional comments after reviewing your amendment and
responses to our comments.

	 We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filing to be certain that the
filing includes all information required under the Securities
Exchange Act of 1934 and that they have provided all information
investors require for an informed investment decision.  Since the
company and its management are in possession of all facts relating
to
a company`s disclosure, they are responsible for the accuracy and
adequacy of the disclosures they have made.

	In connection with responding to our comments, please
provide,
in writing, a statement from the company acknowledging that:

* the company is responsible for the adequacy and accuracy of the
disclosure in the filing;

* staff comments or changes to disclosure in response to staff
comments do not foreclose the Commission from taking any action
with
respect to the filing; and

* the company may not assert staff comments as a defense in any
proceeding initiated by the Commission or any person under the
federal securities laws of the United States.

      In addition, please be advised that the Division of
Enforcement
has access to all information you provide to the staff of the
Division of Corporation Finance in our review of your filing or in
response to our comments on your filing.

	If you have any questions, please call me at (202) 551-3695.


							Sincerely,


							Chris Harley
							Staff Accountant
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Jose J. Gil de Lamadrid
Chairman-Audit Committee
Oriental Financial Group Inc.
November 2, 2005
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