ORIENTAL FINANCIAL GROUP INC
NTN 10Q, 1999-02-19
STATE COMMERCIAL BANKS
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                          SECURITIES AND EXCHANGE COMMISSION
                                 WASHINGTON, DC 20549

                                     FORM 12B-25

                                              Commission File Number:
                                                                      ---------

                             NOTIFICATION OF LATE FILING
(Check One:)  Form 10-K      Form 11-K       Form 20-F      Form 10-Q

Form N-SAR

     For Period Ended: 
                       --------------------------------------------------------

Transition Report on Form 10-K              Transition Report on Form 10-K
Transition Report on Form 20-K              Transition Report on Form N-SAR
Transition Report on Form 11-K

For the Transition Period Ended:
                                 ----------------------------------------------

 READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM.  PLEASE PRINT OR TYPE.

     Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.

     If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates: 
                                                        -----------------------

- -------------------------------------------------------------------------------

                                        PART I
                                REGISTRANT INFORMATION

Full name of registrant: ORIENTAL FINANCIAL GROUP INC.
                         ------------------------------------------------------
Former name if applicable:

- -------------------------------------------------------------------------------
Address of principal executive office (STREET AND NUMBER):
Hato Rey Tower, Suite 503, 268 Munoz Rivera Avenue
- -------------------------------------------------------------------------------

City, state and zip code:     Hato Rey, Puerto Rico 00918
                          -----------------------------------------------------
                                       PART II
                               RULE 12B-25 (b) AND (c)

     If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed.    (Check box if appropriate.)

          (a)  The reasons described in reasonable detail in Part III of this
               form could not be eliminated without unreasonable effort or
               expense;
          (b)  The subject annual report, semi-annual report, transition report
               on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will
               be filed on or before the 15th calendar day following the
               prescribed due date; or the subject quarterly report or
               transition report on Form 10-Q, or portion thereof will be filed
               on or before the fifth calendar day following the prescribed due
               date; and
          (c)  The accountant's statement or other exhibit required by
               Rule 12b-25(c) has been attached if applicable.


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                                       PART III
                                      NARRATIVE

          State below in reasonable detail the reasons why Form 10-K, 11-K,
20-F, 10-Q, N-SAR or the transition report portion thereof could not be filed
within the prescribed time period.  (Attach extra sheets if needed.)

          Oriental Financial Group Inc. (the "Company") submitted the Quarterly
Report on Form 10-Q to its filing agent, Merrill Corporation, for conversion of
the document to EDGAR format and filing with the Commission.  However, a
computer virus was found in the program in which the financial statements of the
Company were recorded.  For this reason, the filing agent was unable to convert
and file the document electronically.  The Company estimates that it will take
them about seven calendar days as of the date hereof to obtain the necessary
anti-virus software and correct the problem in order for the filing agent to
convert and file the document.

                                       PART IV
                                  OTHER INFORMATION

     (1)  Name and telephone number of person to contact in regard to this
notification:
Mr. Rafael Valladares                          (787)        789-2222 (Ext. 204)
- -------------------------------------------------------------------------------
     (Name)                                 (Area Code)      (Telephone Number)

     (2)  Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed?  If the answer is no,
identify report(s).
                                                                 Yes   No

          (3)  Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?
                                                  Yes  No

          If so:  attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.

                            ORIENTAL FINANCIAL GROUP INC.
- -------------------------------------------------------------------------------
                   (Name of Registrant as Specified in Charter)

Has caused this notification to be signed on its behalf by the undersigned 
thereunto duly authorized.

Date  February 16, 1999    By   
     -------------------      -------------------------------------------------
                                Rafael Valladares  
                                Senior Vice President

          INSTRUCTIONS.  The form may  be  signed  by an executive officer of
     the registrant or by any other duly authorized representative.  The name
     and title of the person signing the form shall be typed or printed beneath
     the signature.  If the statement is signed on behalf of the registrant by
     an authorized representative (other than an executive officer), evidence of
     the representative's authority to sign on behalf of the registrant shall be
     filed with the form.

                                      -2-

<PAGE>


                                      ATTENTION

          Intentional misstatements or omissions of fact constitute Federal
criminal violations (SEE 18 U.S.C. 1001).

                                 GENERAL INSTRUCTIONS

          1.   This form is required by Rule 12b-25 of the General Rules and 
Regulations under the Securities Exchange Act of 1934.

          2.   One signed original and four conformed copies of this form and
amendments thereto must be completed and filed with the Securities and Exchange
Commission, Washington, DC 20549,  in accordance with Rule 0-3 of the General
Rules and Regulations under the Act.  The information contained in or filed with
the form will be made a matter of the public record in the Commission files.

          3.   A manually signed copy of the form and amendments thereto shall
be filed with each national securities exchange on which any class of securities
of the registrant is registered.

          4.   Amendments to the notifications must also be filed on Form 12b-25
but need not restate information that has been correctly furnished. The form
shall be clearly identified as an amended notification.

          5.   ELECTRONIC FILERS.  This form shall not be used by electronic
filers unable to timely file a report solely due to electronic difficulties. 
Filers unable to submit a report within the time period prescribed due to
difficulties in electronic filing should comply with either Rule 201 or Rule 202
of Regulation S-T or apply for an adjustment in filing date pursuant to
Rule 13(b) of Regulation S-T.

                                      -3-




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