OCEAN BANK ASSETS GROW NEARLY $100 MILLION
Ocean Bank Assets Grow Nearly $100 Million
Ocean Bank announced today total assets increased by $98 million in the quarter ended March 31, reaching a record $7.54 billion.
Net income was $20 million in the quarter, a 29 percent increase over 2025, on net interest income of $61 million.
“We had continued strong results in the first quarter through aggressive lending and operating efficiencies,” said Agostinho Alfonso Macedo, President, Chairman and CEO. “This resulted in an increase in stockholder’s equity to $714 million.”
Ocean Bank reported total deposits of $6.38 billion, total, loans of $5.97 billion and a Tier 1 leveraged ratio of 9.87.
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OCEAN BANK ASSETS GROW NEARLY $100 MILLION -
OCEAN BANK PROVIDES $28 MILLION FINANCING TO THE GRAHAM COMPANIES -
YUNI NAVARRO NAMED TO OCEAN BANK BOARD OF DIRECTORS -
OCEAN BANK PROVIDES $7 MILLION LOAN FOR PURCHASE OF CYPRESS CREEK OFFICE BUILDING -
OCEAN BANK PROVIDES $41.4 MILLION FOR PURCHASE OF TWO DORAL OFFICE BUILDINGS -
OCEAN BANK PROVIDES $70 MILLION FOR CONSTRUCTION OF AVENTURA COMMERCIAL PROJECT -
OCEAN BANK PROVIDES $43.3 MILLION FOR CONSTRUCTION OF HIALEAH APARTMENTS -
OCEAN BANK RECORDS DOUBLE-DIGIT GROWTH -
OCEAN BANK PROVIDES $6.7 MILLION FOR PURCHASE OF CENTRAL FLORIDA COMMERCIAL BUILDING
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OCEAN BANK PROVIDES $36 MILLION LOAN FOR PURCHASE OF DORAL SQUARE RETAIL CENTER -
OCEAN BANK PROVIDES $16 MILLION LOAN FOR KEY BISCAYNE SHOPPING CENTER -
OCEAN BANK PROVIDES $13.2 MILLION LOAN FOR CYPRESS CORPORATE CENTER -
OCEAN BANK REPORTS GROWTH IN INCOME, ASSETS AND EQUITY -
OCEAN BANK FINANCES ORLANDO WAREHOUSES -
OCEAN BANK REPORTS RECORD ASSETS -
OCEAN BANK NAMES JEANELLE BOSCAN HEAD OF MARKETING -
OCEAN BANK FUNDS $5 MILLION FACTORING FACILITY -
OCEAN BANK CLOSES $8 MILLION FACTORING FACILITY FOR AN AVIATION PARTS DISTRIBUTOR -
OCEAN BANK FUNDS CONSTRUCTION DEVELOPMENT IN KISSIMMEE -
OCEAN BANK ASSETS TOP $7 BILLION -
OCEAN BANK LENDS $10 MILLION FOR HOTEL PURCHASE -
MARIO DE ARMAS JOINS OCEAN BANK BOARD -
OCEAN BANK PROVIDES $54 MILLION LOAN TO GALBUT-AFFILIATED COMPANY -
OCEAN BANK PROVIDES $22 MILLION FOR CONSTRUCTION OF BRICKELL AREA CONDOS -
OCEAN BANK PROVIDES $10 MILLION FOR NAVARRO PHARMACY SITE OWNER -
OCEAN BANK PROVIDES $132 MILLION LOAN FOR VOX I AND II -
OCEAN BANK RELOCATES WEST FLAGLER BRANCH