Item 7.01. Regulation FD Disclosure.
Oriental Financial Group Inc. (the "Group") was considering raising
additional capital through a proposed private placement of its common stock with
the assistance of Keefe, Bruyette & Woods, Inc., as placement agent. The Group
began exploring such private placement before the recent stock market turmoil
with the principal objective of being in a position to take advantage of
strategic opportunities that may arise in Puerto Rico. Subsequently, the U.S.
Department of the Treasury announced its TARP Capital Purchase Program (the
"Program") for eligible financial institutions. Given the current stock market
volatility and its effect on market valuations, the Group has decided to end its
consideration of the common stock private placement as it would not be
beneficial to the Group's shareholders at this time. The Group is now
considering applying for participation in the Program.
The Group entered into non-disclosure agreements with prospective investors
for the common stock private placement. A "road show" presentation made by the
Group was provided to such investors solely for the purpose of enabling them to
determine whether they wanted to pursue a transaction with the Group. The Group
has terminated the non-disclosure agreements. Attached to this report is a copy
of the presentation that was provided to the prospective investors (excluding
two pages containing a legal notice and transaction-specific terms that are not
relevant for this disclosure).
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description of Document
99 Road Show Presentation