EXHIBIT 21.0

                        LIST OF REGISTRANT'S SUBSIDIARIES


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

   SUBSIDIARIES OF ORIENTAL BANK AND TRUST:

   1.  Oriental Financial Services Corp. - corporation organized and existing
       under the laws of the Commonwealth of Puerto Rico.

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

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

   4.  Oriental Mortgage Corporation - corporation organized and existing under
       the laws of the Commonwealth of Puerto Rico.