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OFG > SEC Filings for OFG > Form 8-K on 24-Oct-2008All Recent SEC Filings

Show all filings for ORIENTAL FINANCIAL GROUP INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for ORIENTAL FINANCIAL GROUP INC


24-Oct-2008

Regulation FD Disclosure


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


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