ORIENTAL FINANCIAL GROUP INC. (a financial holding corporation incorporated in the Commonwealth of Puerto Rico) 7,600,000 Shares of Common Stock (Par Value $1.00 Per Share) UNDERWRITING AGREEMENTUnderwriting Agreement • March 19th, 2010 • Oriental Financial Group Inc • State commercial banks • New York
Oriental Financial Group Inc., a financial holding corporation incorporated in the Commonwealth of Puerto Rico (the “Company”), confirms its agreement with Keefe, Bruyette & Woods, Inc. (“Keefe Bruyette”) and each of the other Underwriters named in Schedule A hereto (collectively, the “Underwriters,” which term shall also include any underwriter substituted as hereinafter provided in Section 10 hereof), for whom Keefe Bruyette is acting as representative (in such capacity, the “Representative”), with respect to (i) the sale by the Company and the purchase by the Underwriters, acting severally and not jointly, of the respective number of shares of Common Stock, par value $1.00 per share, of the Company (“Common Stock”) set forth in Schedule A hereto and (ii) the grant by the Company to the Underwriters, acting severally and not jointly, of the option described in Section 2(b) hereof to purchase all or any part of 1,140,000 additional shares of Common Stock to cover over-allotments, if a
