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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 25, 2003
ORIENTAL FINANCIAL GROUP INC.
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(Exact Name of Registrant as Specified in its Charter)
Commonwealth of Puerto Rico 001-12647 66-0538893
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(State or other Jurisdiction of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
Professional Office Park
1000 San Roberto Street
San Juan, Puerto Rico 00926
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (787) 771-6800
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ITEM 5. OTHER EVENTS.
On March 27, 2003, Oriental Financial Group Inc. (the
"Company") announced that its Board of Directors had approved, effective March
25, 2003, a new stock repurchase program pursuant to which the Company is
authorized to purchase in the open market up to $9 million of its outstanding
shares of common stock. The shares of common stock repurchased are to be held by
the Company as treasury shares. A copy of the Company's press release, dated
March 27, 2003, announcing the new stock repurchase program is attached as an
exhibit to this report and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(c) Exhibits
Exhibit No. Description of Document
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99 Press Release dated March 27, 2003.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ORIENTAL FINANCIAL GROUP INC.
Date: March 27, 2003 By: /s/ Jose Enrique Fernandez
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Jose Enrique Fernandez
Chairman of the Board of Directors,
President and Chief Executive Officer
INDEX OF EXHIBITS
Exhibit No. Description of Document
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99 Press Release dated March 27, 2003.