[1][2] RG used to offer a full range of financial services in Puerto Rico and the State of Florida through its wholly owned subsidiaries.

Its headquarters were located at 290 Jesús T. Piñero Avenue in Hato Rey, San Juan.

In an effort to compete with larger banks within Puerto Rico and Florida, RG Financial has acquired various banking and lending institutions in order to expand to new markets and improve its services in existing ones.

On June 29, 1993, it acquired Caribbean Federal Savings Bank of Puerto Rico,[3] followed by the Fajardo Federal Savings Bank[4] on August 5, 1998, then Continental Capital Corp.[5] on October 7, 1999, and finally Crown Group, Inc.[6] on June 7, 2002.

Additionally, RG Financial acquired various other assets and rights from other financial companies, such as 18 bank branches from Wachovia Corporation in 2004, and mortgage servicing rights from Banco Santander in 1998.