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Prospect News home > News index > List of issuers O > Headlines for Oriental Financial Group Inc. > News item
Published on 10/24/2008 in the Prospect News PIPE Daily.

Oriental Financial Group nixes plans to sell common shares

By Devika Patel

Knoxville, Tenn., Oct. 24 - Oriental Financial Group Inc. canceled its plans for a private placement of stock, according to an 8-K filed Friday with the Securities and Exchange Commission.

Instead, the company plans to participate in the U.S. Department of the Treasury's TARP Capital Purchase Program.

Oriental is a financial holding company based in San Juan, Puerto Rico.


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