OCEAN BANK REPORTS CONTINUED GROWTH
Ocean Bank Reports Continued Growth
Ocean Bank announced today growth of $250 million in total assets for the quarter ended Sept. 30, rising 4 percent to $6.65 billion.
“I’m very proud of Ocean Bank in achieving another record in total assets,” said Agostinho Alfonso Macedo, President, Chairman, and CEO of Ocean Bank.
The bank reported net income of $15.5 million for the quarter and $45.4 million for the first nine months of the year, bringing total equity to $638.1 million, up from $589.8 at the beginning of the year. Total loans grew to $5.38 billion, and deposits grew to $5.56 billion.
The bank’s Tier 1 leverage ratio stood at 10.2%, more than twice what is needed to be a “well-capitalized” bank.
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OCEAN BANK LENDS $16.5 MILLION FOR CONSTRUCTION OF "LIVE LOCAL" APARTMENT COMPLEX -
OCEAN BANK PROVIDES $21.5 MILLION FOR HOLLYWOOD HOTEL -
OCEAN BANK LENDS $80 MILLION TO FLB HOTEL, LLC -
OCEAN BANK REPORTS CONTINUED GROWTH -
OCEAN BANK TO OPEN FIRST PALM BEACH COUNTY BRANCH -
OCEAN BANK LENDS $6.3 MILLION FOR EXPANSION OF HIGH-PROFILE JEWELRY STORE -
FROM RECYCLED OCEAN PLASTIC TO DEBIT CARDS -
OCEAN BANK PROVIDES $5,000,000 FACTORING FACILITY TO AN INTERNATIONAL EXPORTER -
VANESSA LUGO PROMOTED TO CFO -
OCEAN BANK PROVIDES $4.9 MILLION FOR AVIATION COMPANY -
OCEAN BANK LENDS $4.5 MILLION FOR SHOPPING PLAZA RENOVATION -
OCEAN BANK PROVIDES $17.5 MILLION FOR REFINANCE OF ALOFT HOTEL -
OCEAN BANK PROVIDES $25 MILLION FOR AUTO DEALERSHIPS FLOOR PLANS -
INTERNATIONALLY RENOWNED ARTIST ROMERO BRITTO ACQUIRES BUILDING IN MIAMI FOR ALMOST $12 MILLION -
OCEAN BANK PROVIDES $40 MILLION TO REFINANCE SHOPPING MALL -
ORLANDO BRANCH WILL RETURN TO NORMAL HOURS -
OCEAN BANK LENDS $9.2 MILLION OF CONSTRUCTION OF ULTRA-LUXURY TOWNHOMES -
CRISTO REY MIAMI HIGH SCHOOL AND OCEAN BANK PARTNER FOR STUDENT SUCESS -
OCEAN BANK REPORTS CONTINUED GROWTH -
OCEAN BANK PROVIDES $27 MILLION FOR SHOPPING CENTER PURCHASE -
OCEAN BANK TO OPEN FIRST PALM BEACH COUNTY BRANCH -
OCEAN BANK REPORTS INCREASES IN INCOME, CAPITAL AND ASSETS