OCEAN BANK REPORTS CONTINUED GROWTH
Ocean Bank Reports Continued Growth
Ocean Bank announced today growth in total assets, loans, deposits and stockholders’ equity in the second quarter of 2024.
Total assets grew to $6.4 billion from $6.3 billion in the first quarter and $6.1 billion in the first six months of 2023. Total loans grew to $5.3 billion from $5 billion and deposits to $5.6 billion from $5.5 billion during the quarter.
The bank reported net income of $17.2 million in the quarter and $29.9 million year-to-date, with shareholders’ equity of $617.5 million and a Tier 1 Leverage Ratio of 10.26%.
“We are proud to maintain very strong capital as the bank grows in all key areas,” said Agostinho Alfonso Macedo, President Chairman and CEO of Ocean 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