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BRIEF-OFG Bancorp says Oriental Bank entered into a termination agreement with Federal Deposit Insurance Corp
February 7, 2017 / 10:53 PM / 10 months ago

BRIEF-OFG Bancorp says Oriental Bank entered into a termination agreement with Federal Deposit Insurance Corp

Feb 7 (Reuters) - OFG Bancorp

* OFG Bancorp -Oriental Bank entered into a termination agreement with Federal Deposit Insurance Corporation

* OFG Bancorp - Oriental Bank to terminate single family shared-loss deal, commercial shared-loss deal between bank, FDIC prior to contractual maturities

* OFG Bancorp-Under terms of termination deal,Oriental Bank made payment of $10.1 million to FDIC as consideration for termination of shared-loss agreements Source text: [bit.ly/2k0biat] Further company coverage:

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