DOW JONES NEWSWIRES

Oriental Financial Group Inc. (NYSE:OFG) (OFG) and Citigroup Inc.'s (NYSE:C) (C) Primerica Financial Services formed an alliance in which Oriental will supply a mortgage platform and related services for Primerica's (NYSE:C) program to market home loans in Puerto Rico.

Oriental Financial (NYSE:OFG) , a San Juan financial holding company, said the Primerica (NYSE:C) deal will provide a new distribution channel for its mortgages.

Oriental Financial (NYSE:OFG) said it doesn't own or originate subprime single-family home loans.

-Jennifer Hodson; 201-938-5400; AskNewswires@dowjones.com

    (END) Dow Jones Newswires   01-29-08 1536   Copyright (c) 2008 Dow Jones & Company, Inc.