Exhibit 99

Puerto Rico Contact:
Marilyn Santiago-Colón,
Oriental Financial Group Inc.
(787) 993-4648

U.S. Contact:
Steven Anreder and Gary Fishman,
Anreder & Company
(212) 532-3232

ORIENTAL FINANCIAL GROUP REPORTS SECOND QUARTER
EARNINGS OF $2.04 PER DILUTED COMMON SHARE

SAN JUAN, July 21, 2009 — Oriental Financial Group Inc. (NYSE: OFG) today reported income available to common shareholders of $49.7 million for the second quarter ended June 30, 2009. This represented higher returns on average assets of 3.05% and average common equity of 80.89%, compared with 0.95% and 20.65%, respectively, in the second quarter of 2008. Diluted earnings per common share increased to $2.04 from $0.54 in the year ago quarter.

Highlights

• Pre-tax operating income (net interest income, core non-interest income from banking and financial service revenues, less non-interest expenses) of approximately $17.3 million — an increase when compared to the $13.0 million-to-$14.8 million range the Group has generated since the first quarter of 2008.

• Strong increase in net interest income of 24.8% and 15.7% compared to the year-ago quarter and the previous quarter, respectively, and a corresponding improvement in the net interest margin to 2.29% (compared to 1.90% and 1.98% in the year-ago and previous quarter, respectively), mainly reflecting the reduction in the cost of funds.

• Growth in core banking and financial service revenues of 19.4% and 15.8% compared to the year-ago and previous quarter, respectively. On a sequential quarter basis, the Group saw increases in mortgage banking activities of 30.3%, banking service revenues of 15.0%, and financial service revenues of 5.5%.

• Benefitting from the strategic positioning of its investment securities portfolio, the Group took advantage of market conditions during the quarter to realize gains on: (i) sales of securities of $10.5 million, (ii) derivative activities of $19.4 million, and (iii) trading activities of $13.0 million. These gains more than offset credit-related other than temporary impairment charges of $4.4 million on securities.

• Sustained growth in retail deposits of $110.4 million (9.3%) on a sequential quarter basis and $220.7 million (20.4%) on a year-to-date basis.

• Stockholders’ equity increased $40.3 million during the quarter and $98.3 million since December 31, 2008, representing an increase of 37.6% on a year-to-date basis.

• Book value per common share increased to $12.04, from $10.38 at March 31, 2009 and $7.96 at December 31, 2008.

• Non-interest expenses were negatively affected by approximately $2.9 million, representing the increase in the Group’s insurance expense corresponding to the industry-wide FDIC special assessment on insured depository institutions and payable on September 30, 2009.

“We had an excellent quarter as we continued to implement our plan, focusing on mid and high net worth customers, which is yielding solid results for Oriental’s banking-financial services franchise,” said José Rafael Fernández, President and Chief Executive Officer.

“We are seeing consistent improvement in the deposit base, while also reducing our cost of funds. New customers are recognizing our service offerings. Approximately 20% more clients than a year ago are utilizing their accounts for ATM, debit card, online and telephone transactions. We also are generating more fees from commercial accounts using Oriental’s new cash management and point of sale services.”

“At the same time, the significant non-interest gains we generated highlight our opportunistic approach to market developments in a challenging environment.”

Capital

At June 30, 2009, stockholders’ equity totaled $359.6 million, 19.4% and 12.6% higher than the year ago quarter and the previous quarter, respectively. Tangible common equity to risk-weighted assets was 8.86% compared to 9.69% in the previous quarter.

The Group maintains capital ratios in excess of regulatory requirements. At June 30, 2009, the Leverage Capital Ratio was 7.31% (1.83 times the minimum of 4.00%); Tier I Risk-Based Capital Ratio was 14.62% (3.66 times the minimum of 4.00%), and the Total Risk-Based Capital Ratio was 15.13% (1.89 times the minimum of 8.00%). In dollars, Leverage Capital and Tier 1 Risk-Based Capital was $477.9 million, and Total Risk-Based Capital was $494.6 million, an increase from the previous quarter of $61.0 million and $62.5 million, respectively.

The Financial Service-Banking Franchise

The Group’s niche market approach to the integrated delivery of services to mid and high net worth clients performed well, as it expanded market share based on its service proposition and capital strength, as opposed to using rates to attract loans or deposits.

Lending

Total loan production and purchases of $73.5 million remained strong, as the Group’s capital levels and low credit losses, compared to most banking institutions, enabled it to continue prudent lending. The average FICO score was 722 and the average loan to value ratio was 81% on residential mortgage loans originated in the quarter.

The Group sells most of its conforming mortgages into the secondary market, but retains servicing rights. Mortgage banking activities on a sequential quarter basis reflect the continued high level of originations as well as its growing servicing portfolio, a source of recurring revenue.

Deposits

Growth in retail deposits during the quarter primarily reflects a $121.1 million increase in savings and demand deposits. At the same time, Oriental also reduced brokered deposits by $42.7 million

Assets Under Management

Assets under management, which generate recurring fees, increased 5.23% from March 31, 2009, to $2.85 billion. This growth, plus the Group’s participation in the underwriting of Puerto Rico’s COFINA II bond sale, resulted in the sequential increase in financial service revenues. The Group also was awarded the business of two new large trust accounts that will add approximately $75 million in assets under management.

Credit Quality

Net credit losses declined by 11.42%, to $2.1 million (0.70% of average loans outstanding), from $2.3 million (0.78%), in the previous quarter. The Group increased its provision for loan losses to $3.7 million (176% of net credit losses), from $3.2 million in the previous quarter, resulting in a $16.7 million allowance at June 30, 2009, up 10.37% from the previous quarter.

Non-performing loans (NPLs) increased $3.3 million in the quarter, a significantly lower rate than in the previous quarter. The Group’s NPLs generally reflect the economic environment in Puerto Rico. Based on historical performance, however, the Group does not expect non-performing loans to result in significantly higher losses as most are well-collateralized with adequate loan-to-value ratios. In residential mortgage lending, more than 90% of the Group’s portfolio consists of fixed-rate, fully amortizing, fully documented loans that do not have the level of risk generally associated with subprime loans. In commercial lending, more than 90% of its loans are collateralized by real estate.

The Investment Securities Portfolio

The average balance of the investment securities portfolio was $5.00 billion, up 4.7% from the year ago quarter and up 0.38% from the previous quarter. Yield declined slightly due to higher prepayments in the first half of the quarter.

Approximately 87% of the portfolio consists of fixed-rate mortgage-backed securities or notes, guaranteed or issued by FNMA, FHLMC, or GNMA and U.S. agency senior debt obligations, backed by a U.S. government sponsored entity or the full faith and credit of the U.S. government (86%), and Puerto Rico Government and agency obligations (1%). The remaining balance consists of non-agency collateralized mortgage obligations (10%), the majority of which are backed by prime fixed-rate residential mortgage collateral, and structured credit investments (3%).

Subsequent Event

Subsequent to June 30, 2009, as part of its general banking and asset and liability management strategies, the Group executed a $200 million deleverage of its balance sheet by terminating certain repurchase agreements at a cost of approximately $17.5 million (before income taxes). This transaction increases the Group’s financial flexibility, creates additional liquidity, and helps to offset the Group’s income tax liability.

Non-GAAP Financial Measures

From time to time, the Group uses certain non-GAAP measures of financial performance to supplement the financial statements presented in accordance with GAAP. The Group presents non-GAAP measures when we believe that the additional information is useful and meaningful to investors. Non-GAAP measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. The presentation of non-GAAP measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with GAAP.

We have reported and discussed our results of operations herein both on a GAAP basis and on a pre-tax operating income basis (as defined on page 1 of this release). We believe that, given the nature of the items excluded from the definition of pre-tax operating income, it is useful to state what our results of operations would have been without them so that investors can see the financial trends from our continuing business.

Conference Call

A conference call to discuss the Group’s results, outlook and related matters will be held on Wednesday, July 22, 2009 at 10:00 am (ET). The call will be accessible live via a webcast on the Group’s Investor Relations website at www.orientalfg.com. A webcast replay will be available shortly thereafter. Access the webcast link in advance to download any necessary software.

About Oriental Financial Group

Oriental Financial Group Inc. is a diversified financial holding company operating under U.S. and Puerto Rico banking laws and regulations. Now in its 45^th year in business, Oriental provides a full range of mortgage, commercial and consumer banking services through 23 Oriental Group financial centers in Puerto Rico, as well as financial planning, trust, insurance, investment brokerage and investment banking services. Investor information about Oriental can be found at www.orientalfg.com.

Forward-Looking Statements

This news release may contain forward-looking statements that reflect management’s beliefs and expectations and are subject to risks and uncertainties inherent to the Group’s business, including, without limitation, the effect of economic and market conditions, the level and volatility of interest rates, and other risks and considerations detailed in the Group’s filings with the Securities and Exchange Commission. These or other factors could cause actual results to differ materially from forward-looking statements. The Group also disclaims any obligations to update information contained in this news release because of developments occurring after the date of issuance.

# # #

ORIENTAL FINANCIAL GROUP
Financial Summary
(NYSE: OFG)

Summary of Operations (Dollars in thousands, except per share data):

	QUARTER ENDED												SIX-MONTH PERIOD ENDED
	30-Jun-09			30-Jun-08			%			31-Mar-09			30-Jun-09			30-Jun-08			%
Interest Income:
Loans	$	18,707		$	19,682			-5.0	%	$	18,320		$	37,027		$	39,510			-6.3	%
Investment securities and other		63,344			65,476			-3.3	%		65,611			128,955			127,749			0.9	%
Total interest income		82,051			85,158			-3.6	%		83,931			165,982			167,259			-0.8	%
Interest Expense:
Deposits		14,149			12,265			15.4	%		13,823			27,972			24,694			13.3	%
Securities sold under agreements to repurchase		27,929			40,208			-30.5	%		35,799			63,728			80,448			-20.8	%
Other borrowed funds		4,485			4,250			5.5	%		3,644			8,129			8,773			-7.3	%
Total interest expense		46,563			56,723			-17.9	%		53,266			99,829			113,915			-12.4	%
Net interest income		35,488			28,435			24.8	%		30,665			66,153			53,344			24.0	%
Provision for loan losses		3,650			1,980			84.3	%		3,200			6,850			3,630			88.7	%
Net interest income after provision for loan losses		31,838			26,455			20.3	%		27,465			59,303			49,714			19.3	%
Non-Interest Income:
Financial service revenues		3,285			4,500			-27.0	%		3,114			6,399			8,740			-26.8	%
Banking service revenues		1,602			1,395			14.8	%		1,393			2,995			2,922			2.5	%
Investment banking revenues (losses)		8			12			-33.3	%		(12	)		(4	)		750			-100.5	%
Mortgage banking activities		2,806			545			414.9	%		2,153			4,959			1,551			219.7	%
Total banking and financial service revenues		7,701			6,452			19.4	%		6,648			14,349			13,963			2.8	%
Net gain (loss) on:
Sales of securities		10,520			198			5213.1	%		10,340			20,860			9,522			119.1	%
Credit-related other than temporary impairments on securities		(4,416	)		—			-100.0	%		—			(4,416	)		—			-100.0	%
Derivatives		19,408			228			8412.3	%		434			19,842			(7,575	)		361.9	%
Trading securities		12,959			16			80893.8	%		(27	)		12,932			(1	)		1293300.0	%
Foreclosed real estate		(136	)		(260	)		47.7	%		(162	)		(298	)		(510	)		41.6	%
Other investments		11			16			-31.3	%		13			24			116			-79.3	%
Other		4			—			100.0	%		—			4			(1	)		500.0	%
Total non-interest income		46,051			6,650			592.5	%		17,246			63,297			15,514			308.0	%
Non-Interest Expenses:
Compensation and employee benefits		8,020			7,824			2.5	%		7,724			15,744			15,539			1.3	%
Occupancy and equipment		3,758			3,365			11.7	%		3,489			7,247			6,652			8.9	%
Insurance		3,472			579			499.7	%		815			4,287			1,181			263.0	%
Professional and service fees		2,394			2,267			5.6	%		2,608			5,002			4,147			20.6	%
Advertising and business promotion		1,028			836			23.0	%		1,204			2,232			1,910			16.9	%
Taxes, other than payroll and income taxes		649			607			6.9	%		646			1,295			1,218			6.3	%
Electronic banking charges		596			396			50.5	%		540			1,136			814			39.6	%
Communication		402			325			23.7	%		379			781			650			20.2	%
Loan servicing expenses		388			339			14.5	%		383			771			670			15.1	%
Directors and investor relations		332			303			9.6	%		349			681			581			17.2	%
Other		1,175			1,239			-5.2	%		1,136			2,311			2,448			-5.6	%
Total non-interest expenses		22,214			18,080			22.9	%		19,273			41,487			35,810			15.9	%
Income before income taxes		55,675			15,025			270.5	%		25,438			81,113			29,418			175.7	%
Income tax expense (benefit)		4,761			598			696.2	%		690			5,451			(1,857	)		393.5	%
Net income		50,914			14,427			252.9	%		24,748			75,662			31,275			141.9	%
Less: Dividends on preferred stock		(1,200	)		(1,200	)		0.0	%		(1,201	)		(2,401	)		(2,401	)		0.0	%
Income available to common shareholders	$	49,714		$	13,227			275.9	%	$	23,547		$	73,261		$	28,874			153.7	%

Page 1

ORIENTAL FINANCIAL GROUP
Financial Summary
(NYSE: OFG)

(Dollars in thousands, except per share data):

	QUARTER ENDED												SIX-MONTH PERIOD ENDED
	30-Jun-09			30-Jun-08			%			31-Mar-09			30-Jun-09			30-Jun-08			%
INCOME PER COMMON SHARE
Basic	$	2.05		$	0.54			279.6	%	$	0.97		$	3.02		$	1.19			153.8	%
Diluted	$	2.04		$	0.54			277.8	%	$	0.97		$	3.02		$	1.19			153.8	%
COMMON STOCK DATA
Average common shares outstanding		24,303			24,290			0.1	%		24,245			24,274			24,227			0.2	%
Average potential common shares-options		15			94			-83.8	%		3			6			110			-94.6	%
Total average shares outstanding and equivalents		24,318			24,384			-0.3	%		24,248			24,280			24,337			-0.2	%
Cash dividends per share of common stock	$	0.04		$	0.14			-71.4	%	$	0.04		$	0.08		$	0.28			-71.4	%
Cash dividends declared on common shares	$	972		$	3,405			-71.5	%	$	972		$	1,944		$	6,804			-71.4	%
Pay-out ratio		1.96	%		25.93	%		-92.4	%		4.12	%		2.65	%		23.53	%		-88.7	%
SELECTED FINANCIAL DATA
PERFORMANCE RATIOS:
Return on average assets		3.05	%		0.95	%		221.1	%		1.53	%		2.30	%		1.01	%		127.7	%
Return on average common equity		80.89	%		20.65	%		291.7	%		49.14	%		66.98	%		20.64	%		224.5	%
Efficiency ratio		57.29	%		51.82	%		10.5	%		51.65	%		54.53	%		53.20	%		2.5	%
TAX EQUIVALENT SPREAD
Interest-earning assets		5.30	%		5.69	%		-6.9	%		5.43	%		5.36	%		5.65	%		-5.1	%
Tax equivalent adjustment		1.75	%		1.88	%		-6.9	%		1.68	%		1.77	%		1.87	%		-5.3	%
Interest-earning assets — tax equivalent		7.05	%		7.57	%		-6.9	%		7.11	%		7.13	%		7.52	%		-5.2	%
Interest-bearing liabilities		3.13	%		4.01	%		-21.9	%		3.64	%		3.38	%		4.12	%		-18.0	%
Tax equivalent interest rate spread		3.92	%		3.56	%		10.1	%		3.47	%		3.75	%		3.40	%		10.3	%
Tax equivalent interest rate margin		4.04	%		3.78	%		6.9	%		3.66	%		3.90	%		3.67	%		6.3	%
NORMAL SPREAD
Investments		5.07	%		5.48	%		-7.5	%		5.27	%		5.17	%		5.38	%		-3.9	%
Loans		6.27	%		6.52	%		-3.8	%		6.09	%		6.18	%		6.74	%		-8.3	%
Interest-earning assets		5.30	%		5.69	%		-6.9	%		5.43	%		5.36	%		5.65	%		-5.1	%
Deposits		3.25	%		3.44	%		-5.5	%		3.27	%		3.26	%		3.82	%		-14.7	%
Borrowings		3.08	%		4.20	%		-26.7	%		3.79	%		3.43	%		4.21	%		-18.5	%
Interest-bearing liabilities		3.13	%		4.01	%		-21.9	%		3.64	%		3.38	%		4.12	%		-18.0	%
Interest rate spread		2.17	%		1.68	%		29.2	%		1.79	%		1.98	%		1.53	%		29.4	%
Interest rate margin		2.29	%		1.90	%		20.5	%		1.98	%		2.13	%		1.80	%		18.3	%
AVERAGE BALANCES
Investments	$	4,998,921		$	4,776,560			4.7	%	$	4,980,245		$	4,989,635		$	4,749,050			5.1	%
Loans		1,193,396			1,208,098			-1.2	%		1,203,736			1,198,537			1,172,878			2.2	%
Interest-earning assets	$	6,192,317		$	5,984,658			3.5	%	$	6,183,981		$	6,188,172		$	5,921,928			4.5	%
Deposits	$	1,743,799		$	1,427,904			22.1	%	$	1,689,300		$	1,716,700		$	1,293,979			32.7	%
Borrowings		4,215,544			4,236,568			-0.5	%		4,159,397			4,187,626			4,234,872			-1.1	%
Interest-bearing liabilities	$	5,959,343		$	5,664,472			5.2	%	$	5,848,697		$	5,904,326		$	5,528,851			6.8	%

Page 2

ORIENTAL FINANCIAL GROUP
Financial Summary
(NYSE: OFG)

(Dollars in thousands)

	AS OF
BALANCE SHEET	30-Jun-09			30-Jun-08			%			31-Mar-09			31-Dec-08
Cash and due from banks	$	307,062		$	56,486			443.6	%	$	293,750		$	66,372
Interest-earning assets:
Investments:
Trading securities		904			1,311			-31.0	%		608			256
Investment securities available-for-sale, at fair value with amortized cost of $5,064,700 (June 30, 2008 - $3,467,005, March 31, 2009 - $4,648,495, December 31, 2008 - $4,052,574 )
FNMA and FHLMC certificates		2,768,465			1,506,975			83.7	%		2,191,097			1,546,750
CMO’s issued by US Government sponsored agencies		319,091			326,291			-2.2	%		677,555			351,026
Obligations of US Government sponsored agencies		921,247			757,587			21.6	%		669,543			941,916
Non-agency collateralized mortgage obligations		476,192			656,666			-27.5	%		501,243			529,664
GNMA certificates		258,721			49,809			419.4	%		309,886			335,781
Structured credit investments		143,823			69,108			108.1	%		133,815			136,181
Puerto Rico Government and agency obligations		62,981			15,871			296.8	%		72,394			82,889
Total investment securities available-for-sale		4,950,520			3,382,307			46.4	%		4,555,533			3,924,207
Investment securities held-to-maturity, at amortized cost with fair value of $1,198,736 at June 30, 2008
FNMA and FHLMC certificates		—			583,107			0.0	%		—			—
CMO’s issued by US Government sponsored agencies		—			126,585			0.0	%		—			—
Obligations of US Government sponsored agencies		—			224,860			0.0	%		—			—
GNMA certificates		—			152,260			0.0	%		—			—
Structured credit investments		—			96,171			0.0	%		—			—
Puerto Rico Government and agency obligations		—			55,164			0.0	%		—			—
Total investment securities held-to-maturity		—			1,238,147			0.0	%		—			—
Federal Home Loan Bank (FHLB) stock, at cost		19,937			22,062			-9.6	%		19,812			21,013
Other investments		150			150			0.0	%		150			150
Total investments		4,971,511			4,643,977			7.1	%		4,576,103			3,945,626
Loans:
Mortgage loans		946,439			995,085			-4.9	%		968,334			1,000,076
Commercial loans		199,136			170,844			16.6	%		194,145			187,077
Consumer loans		20,982			25,479			-17.6	%		21,330			23,054
Loans receivable, gross		1,166,557			1,191,408			-2.1	%		1,183,809			1,210,207
Less: Deferred loan fees, net		(3,651	)		(3,488	)		-4.7	%		(3,509	)		(3,364	)
Loans receivable		1,162,906			1,187,920			-2.1	%		1,180,300			1,206,843
Allowance for loan losses		(16,718	)		(11,885	)		-40.7	%		(15,147	)		(14,293	)
Loans receivable, net		1,146,188			1,176,035			-2.5	%		1,165,153			1,192,550
Mortgage loans held for sale		40,886			42,122			-2.9	%		34,278			26,562
Total loans, net		1,187,074			1,218,157			-2.6	%		1,199,431			1,219,112
Total interest-earning assets		6,158,585			5,862,134			5.1	%		5,775,534			5,164,738
Securities sold but not yet delivered		360,764			—			100.0	%		289,565			834,976
Accrued interest receivable		37,785			42,842			-11.8	%		38,585			43,914
Deferred tax asset, net		25,756			17,249			49.3	%		23,422			28,463
Premises and equipment, net		20,706			21,378			-3.1	%		21,540			21,184
Foreclosed real estate		9,174			4,906			87.0	%		9,681			9,162
Prepaid expenses		7,605			5,004			52.0	%		2,817			3,433
Servicing asset		5,242			2,934			78.7	%		3,467			2,819
Debt issuance costs		4,146			893			364.3	%		4,381			900
Mortgage tax credits		3,819			4,992			-23.5	%		5,047			5,047
Investment in equity indexed options		2,412			27,641			-91.3	%		3,052			12,801
Goodwill		2,006			2,006			0.0	%		2,006			2,006
Investment in statutory trust		1,086			1,086			0.0	%		1,086			1,086
Accounts receivable and other assets		4,156			10,628			-60.9	%		12,013			8,635
Total assets	$	6,950,304		$	6,060,179			14.7	%	$	6,485,946		$	6,205,536
Interest-bearing liabilities:
Deposits:
Non-interest bearing demand deposits	$	61,878		$	55,383			11.7	%	$	72,533		$	53,056
Interest-bearing savings and demand deposits		683,124			476,115			43.5	%		551,354			450,786
Individual retirement accounts		298,925			293,354			1.9	%		286,043			286,691
Retail certificates of deposit		259,326			272,107			-4.7	%		282,901			292,046
Total Retail Deposits		1,303,253			1,096,959			18.8	%		1,192,831			1,082,579
Institutional deposits		139,684			150,174			-7.0	%		161,168			184,283
Brokered deposits		409,509			245,286			67.0	%		452,247			518,438
Total deposits		1,852,446			1,492,419			24.1	%		1,806,246			1,785,300

Page 3

ORIENTAL FINANCIAL GROUP
Financial Summary
(NYSE: OFG)

(Dollars in thousands)

	AS OF
	30-Jun-09			30-Jun-08			%			31-Mar-09			31-Dec-08
Borrowings:
Federal funds purchased and other short term borrowings		27,748			41,583			-33.3	%		44,310			29,193
Securities sold under agreements to repurchase		3,757,510			3,810,752			-1.4	%		3,757,411			3,761,121
Advances from FHLB		281,718			331,895			-15.1	%		281,675			308,442
FDIC-guaranteed term notes		105,834			—			100.0	%		105,112			—
Subordinated capital notes		36,083			36,083			—			36,083			36,083
Total borrowings		4,208,893			4,220,313			-0.3	%		4,224,591			4,134,839
Total interest-bearing liabilities		6,061,339			5,712,732			6.1	%		6,030,837			5,920,139
Securities purchased but not yet received		497,360			23,103			2052.8	%		112,628			398
Accrued expenses and other liabilities		31,971			23,177			37.9	%		23,130			23,682
Total liabilities		6,590,670			5,759,012			14.4	%		6,166,595			5,944,219
Preferred Equity		68,000			68,000			—			68,000			68,000
Common Equity:
Common stock		25,739			25,736			0.0	%		25,739			25,739
Additional paid-in capital		212,962			212,282			0.3	%		212,784			212,625
Legal surplus		48,771			43,533			12.0	%		45,471			43,016
Retained earnings		131,154			64,406			103.6	%		71,353			51,233
Treasury stock, at cost		(17,152	)		(17,136	)		-0.1	%		(17,164	)		(17,109	)
Accumulated other comprehensive loss		(109,840	)		(95,654	)		-14.8	%		(86,832	)		(122,187	)
Total common equity		291,634			233,167			25.1	%		251,351			193,317
Stockholders’ equity		359,634			301,167			19.4	%		319,351			261,317
Total liabilities and stockholders’ equity	$	6,950,304		$	6,060,179			14.7	%	$	6,485,946		$	6,205,536
CAPITAL RATIOS
Leverage Capital Ratio		7.31	%		6.80	%		7.5	%		6.54	%		6.38	%
Minimum Leverage Capital Ratio Required		4.00	%		4.00	%					4.00	%		4.00	%
Actual Tier 1 Capital	$	477,913		$	413,767			15.5	%	$	416,955		$	389,235
Minimum Tier 1 Capital Required	$	261,547		$	243,414			7.4	%	$	254,836		$	244,101
Tier 1 Risk-Based Capital Ratio		14.62	%		17.26	%		-15.3	%		16.20	%		17.11	%
Minimum Tier 1 Risk-Based Capital Ratio Required		4.00	%		4.00	%					4.00	%		4.00	%
Actual Tier 1 Risk-Based Capital	$	477,913		$	413,767			15.5	%	$	416,955		$	389,235
Minimum Tier 1 Risk-Based Capital Required	$	130,774		$	95,867			36.4	%	$	102,926		$	91,022
Total Risk-Based Capital Ratio		15.13	%		17.76	%		-14.8	%		16.79	%		17.73	%
Minimum Total Risk-Based Capital Ratio Required		8.00	%		8.00	%					8.00	%		8.00	%
Actual Total Risk-Based Capital	$	494,631		$	425,652			16.2	%	$	432,102		$	403,523
Minimum Total Risk-Based Capital Required	$	261,548		$	191,735			36.4	%	$	205,852		$	182,044
Tangible common equity to total assets		4.17	%		3.81	%		9.4	%		3.84	%		3.08	%
Tangible common equity to risk-weighted assets		8.86	%		9.65	%		-8.2	%		9.69	%		8.40	%
Total equity to total assets		5.17	%		4.97	%		4.0	%		4.92	%		4.21	%
Total equity to risk-weighted assets		11.00	%		12.57	%		-12.5	%		12.41	%		11.47	%
SELECTED FINANCIAL DATA AT PERIOD-END
Common shares outstanding at end of period		24,230			24,292			-0.3	%		24,223			24,297
Book value per common share	$	12.04		$	9.60			25.4	%	$	10.38		$	7.96
Trust Assets Managed		1,677,344			1,936,804			-13.40	%	$	1,617,855		$	1,706,286
Broker-Dealer Assets Gathered		1,169,775			1,294,010			-9.6	%		1,087,781			1,195,739
Total Assets Managed		2,847,119			3,230,814			-11.9	%		2,705,636			2,902,025
Assets owned		6,950,304			6,060,179			14.7	%		6,485,946			6,205,536
Total financial assets managed and owned	$	9,797,423		$	9,290,993			5.5	%	$	9,191,582		$	9,107,561
Number of financial centers		23			24			-4.2	%		23			23

Page 4

ORIENTAL FINANCIAL GROUP
Financial Summary
(NYSE: OFG)

(Dollars in thousands)

	QUARTER ENDED												SIX-MONTH PERIOD ENDED
	30-Jun-09			30-Jun-08			%			31-Mar-09			30-Jun-09			30-Jun-08			%
Loan Production and Purchases Summary:
Mortgage loans production	$	60,276		$	75,549			-20.2	%	$	65,731		$	126,007		$	120,127			4.9	%
Mortgage loans purchased		3,651			482			657.5	%		2,176			5,827			5,173			12.6	%
Total mortgage		63,927			76,031			-15.9	%		67,907			131,834			125,300			5.2	%
Commercial		7,519			15,171			-50.4	%		18,067			25,586			30,908			-17.2	%
Consumer		2,075			1,421			46.0	%		1,305			3,380			2,654			27.4	%
Total loan production and purchases	$	73,521		$	92,623			-20.6	%	$	87,279		$	160,800		$	158,862			1.2	%
CREDIT DATA
Net credit losses:
Mortgage	$	535		$	314			70.4	%	$	1,396		$	1,931		$	480			302.3	%
Commercial		1,330			141			843.3	%		598			1,928			128			1406.3	%
Consumer		213			732			-70.9	%		352			565			1,298			-56.5	%
Total net credit losses	$	2,078		$	1,187			75.1	%	$	2,346		$	4,424		$	1,906			132.1	%
Net credit losses to average loans outstanding		0.70	%		0.39	%		79.5	%		0.78	%		0.74	%		0.33	%		124.2	%

	AS OF
	30-Jun-09			30-Jun-08			%			31-Mar-09
Allowance for loan losses	$	16,718		$	11,885			40.70	%	$	15,147
Allowance coverage ratios:
Allowance for loan losses to total loans		1.39	%		0.97	%		43.30	%		1.25	%
Allowance for loan losses to non-performing loans		18.60	%		17.27	%		7.70	%		17.50	%
Allowance for loan losses to non-residential non-performing loans		216.69	%		299.67	%		-27.70	%		157.29	%
Non-performing assets summary:
Mortgage	$	82,162		$	64,867			26.70	%	$	76,911
Commercial, mainly real estate		6,868			3,026			127.00	%		8,847
Consumer		847			940			-9.90	%		783
Non-performing loans		89,877			68,833			30.60	%		86,541
Foreclosed properties		9,174			4,906			87.00	%		9,681
Non-performing assets	$	99,051		$	73,739			34.30	%	$	96,222
Non-performing loans to total loans		7.47	%		5.60	%		33.40	%		7.13	%
Non-performing loans to total assets		1.29	%		1.14	%		13.20	%		1.33	%
Non-performing assets to total assets		1.43	%		1.22	%		17.20	%		1.48	%
Non-performing assets to total capital		27.54	%		24.48	%		12.50	%		30.13	%

Page 5