FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   Cruz Rafael 2. Date of Event Requiring Statement (Month/Day/Year) 02/28/2018 3. Issuer Name and Ticker or Trading Symbol OFG BANCORP [OFG] (Last) (First) (Middle) URB. PASEO LOS CORALES, 605 MAR INDICO 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP & Chief Risk & Compliance 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) DORADO, PR 00646 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 1,627.461 I By Defined Contribution Plan (401K)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Units (1)	  (2)	  (2)	Common Stock	4,800	$ (3)	D	Â
Qualified Stock Option (1)	  (4)	  (4)	Common Stock	21,650 (4)	$ (4)	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Cruz Rafael URB. PASEO LOS CORALES 605 MAR INDICO DORADO, PR 00646	Â	Â	  SVP & Chief Risk & Compliance	Â

Signatures

Rafael Cruz		03/08/2018
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan.
(2)	Subject to the provisions of the Plan, the Restricted Period shall lapse in its entirety on the third anniversary of the date of this Award.
(3)	Not applicable. The Grantee is expected to receive the underlying shares of common stock at the end of the Restricted Period.
(4)	A quarter of the stock options granted vest on the second anniversary of the award and annually thereafter until fully vesting on the fifth anniversary of the award. Mr. Cruz has: 1,025 stock options awarded on January 21, 2011 with an exercise price of $11.82; 4,125 stock options awarded on February 23, 2012, with an exercise price of $11.83; 4,500 stock options awarded on January 22, 2013, with an exercise price of $14.52; 6,000 stock options awarded on February 27, 2014, with an exercise price of $16.10; and 6,000 stock options awarded on February 24, 2015 with an exercise price of $17.44.

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