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BBVA To Sell Puerto Rico Unit to Oriental Financial for $500 Million

MADRID--Spain's Banco Bilbao Vizcaya Argentaria SA (BBVA) said Thursday it has reached an agreement to sell its business in Puerto Rico to Oriental Financial Group Inc. (OFG) for $500 million. The sold business is the seventh biggest in Puerto Rico by deposits, with $5.2 billion in assets and $3.3 billion in deposits, BBVA said in a regulatory filing. San Juan-based Oriental is the fourth-largest bank in Puerto Rico. Write to Christopher Bjork at christopher.bjork@dowjones.com

Stock News for Oriental (OFG)
DateTimeHeadline
11/15/201307:07:30Two Sigma Investments 3Q 13F: Largest Eliminations
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Sales
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Purchases
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Eliminations -2-
10/25/201209:03:17U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
10/24/201219:53:14Excel Trust, Oriental Financial, Orexigen Unveil Stock Offerings
06/28/201208:02:27BBVA To Sell Puerto Rico Unit to Oriental Financial for $500...
06/28/201208:01:44Oriental Financial to Acquire BBVA's Puerto Rico Unit for $500...
10/12/201015:58:48SNL Financial:JP Morgan,BofA,Wells Fargo Tops In Foreclosed Home...
05/10/201017:54:22CORRECT: Scotiabank Fills Gap In Its Caribbean Business
05/10/201011:54:01Scotiabank Fills A Gap In Caribbean Business With R-G Premier
05/01/201016:47:26Puerto Rico Governor, FDIC's Bair Call Bank Closure A Milestone
04/28/201016:25:50FDIC Closer To Resolution For Three Puerto Rican Banks
04/08/201015:51:35FDIC Faces '3-D Tic-Tac-Toe' In Puerto Rico Banking Crisis
03/16/201011:15:50CORRECT:FDIC Seeks Buyers For 3 Puerto Rican Banks - Sources
03/16/201010:58:20FDIC Seeks Buyers For Three Puerto Rican Banks: Sources

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