OFG Bancorp

On OFG's exposure to Puerto Rico public debt, as of August 4 2015: "OFG has about $515 million in exposure to public debt, including roughly $214 million in loans to municipalities. OFG's executives sought to reassure analysts during its quarterly earnings call, noting that the loans involve the island five biggest municipalities, are were underwritten by its own standards and are not traded as municipal paper. The loans are also guaranteed by a first lien on property taxes, along the funds set aside in a special escrow account."