Add Spanish banking giant Banco Bilbao Vizcaya Argentaria to the list of foreign banks unloading U.S. banking assets.

The company announced Thursday that it is selling its banking operations in Puerto Rico to Oriental Financial Group (OFG) in San Juan for $500 million in cash.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.