EXHIBIT 21.0

                                     LIST OF SUBSIDIARIES


A)  ORIENTAL BANK AND TRUST - an insured nonmember commercial bank organized
    and existing under the laws of the Commonwealth of Puerto Rico.

    SUBSIDIARIES OF ORIENTAL BANK AND TRUST:

    1. Eastern Services Corporation - a corporation organized and existing
       under the laws of the Commonwealth of Puerto Rico

    2. Eastern Funding Corporation - a corporation organized and existing
       under the laws of the Commonwealth of Puerto Rico.

    3. Oriental Mortgage Corporation - a mortgage banker organized and
       existing under the laws of the Commonwealth of Puerto Rico.

B)  ORIENTAL FINANCIAL SERVICES CORP. - a registered broker-dealer organized
    and existing under the laws of the Commonwealth of Puerto Rico.

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