CORRECTING and REPLACING Oriental Financial Group Declares Regular Quarterly Cash Dividends

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--The record date should read December 31, 2012 (instead of January 1, 2013).

The corrected release reads:

ORIENTAL FINANCIAL GROUP DECLARES REGULAR QUARTERLY CASH DIVIDENDS

Oriental Financial Group Inc. (NYSE: OFG) today announced that its Board of Directors declared the following regular quarterly cash dividends for the fourth quarter ending December 31, 2012:

• $0.06 per share on its common stock
• $21.88 per share on its 8.750% Non-Cumulative Convertible Perpetual Preferred Stock, Series C (CUSIP: 68618W407)
• $0.27 per share on its 7.125% Non-Cumulative Perpetual Preferred Stock, Series D (CUSIP: 68618W605) issued on November 5, 2012

All the above dividends are payable on January 15, 2013, to holders of record December 31, 2012, with an ex-dividend date of December 27, 2012.

About Oriental Financial Group

Oriental Financial Group Inc. is a diversified financial holding company that operates under U.S. and Puerto Rico banking laws and regulations, principally through its two subsidiaries, Oriental Bank and Trust and Oriental Financial Services. Now in its 48th year in business, Oriental provides a full range of commercial, consumer and mortgage banking services, as well as financial planning, trust, insurance, investment brokerage and investment banking services, primarily in Puerto Rico, through 28 financial centers. Investor information about Oriental can be found at www.orientalfg.com.