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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

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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): October 27, 2003

ORIENTAL FINANCIAL GROUP INC.

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Commonwealth of Puerto Rico		001-12647		66-0538893
(State or other Jurisdiction of Incorporation)		(Commission File No.)		(I.R.S. Employer Identification No.)

Professional Offices Park
1000 San Roberto Street
San Juan, Puerto Rico		00926
(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 October 27, 2003, Oriental Financial Group Inc. announced that it recently raised $68 million in two issues of securities involving trust redeemable preferred securities and noncumulative monthly income preferred stock, respectively. A copy of the press release is attached as an exhibit to this report.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(c)

Exhibits

Exhibit No.		Description of Document
99		Press Release dated October 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: October 27, 2003		By:
				Norberto Gonzalez Executive Vice President and Acting Chief Financial Officer

 

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INDEX OF EXHIBITS

Exhibit No.		Description of Document
99		Press Release dated October 27, 2003