OCEAN BANK REPORTS RISE IN NET INCOME AND ASSETS
Ocean Bank Reports Rise in Net Income and Assets
MIAMI – May 3, 2022 – Ocean Bank announced today net income of $11.6 million for the first quarter ended March 31, a 13% increase from the fourth quarter of 2021, and total assets of $5.4 billion, a $100 million increase during the quarter.
Agostinho Alfonso Macedo, CEO, chairman and president of Ocean Bank, attributed the results to continued strong lending which resulted in net interest income of $40.6 million during the quarter.
The Bank’s 10.30% Tier 1 Leverage ratio is more than double the 5.00% threshold required to be a “well-capitalized” bank.
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OCEAN BANK NAMES JOSE AMBERT VP & BRANCH MANAGER IN ORLANDO -
OCEAN BANK LENDS $17.6 MILLION FOR CONSTRUCTION OF HILTON HOME2 SUITES -
OCEAN BANK RECEIVES STATEWIDE FLORIDA EDUCATION AWARD -
OCEAN BANK LENDS $27.8 MILLION FOR CONSTRUCTION OF HYATT PLACE HOTEL -
OCEAN BANK FINANCES MEMORY CARE FACILITY -
OCEAN BANK LENDS $17.3 MILLION FOR PURCHASE OF THE GROVE AT WINTER PARK -
SFBJ HONORS AGOSTINHO ALFONSO MACEDO WITH ULTIMATE CEO AWARD -
OCEAN BANK PROVIDES $10 MILLION WORKING CAPITAL FACILITY -
OCEAN BANK LENDS $6.4 MILLION FOR CONSTRUCTION OF WALGREENS NEAR SARASOTA -
OCEAN BANK 2022 NET INCOME GROWS 20 PERCENT -
OCEAN BANK FINANCES PURCHASE OF 37 APARTMENTS -
OCEAN BANK Q1 2023 DEPOSIT GROW $231 MILLON -
LAWRENCE ARTMAN JOINS OCEAN BANK -
OCEAN BANK FINANCES $14.4 MILLION HGREG.COM TEXAS SITE PURCHASE -
OCEAN BANK LENDS $6.5 MILLION FOR CONSTRUCTION OF WALGREENS IN ORLANDO -
FBA HONORS AGOSTINHO ALFONSO MACEDO AS BANKER OF THE YEAR -
OCEAN BANK LENDS $6.5 MILLION FOR CLASS-A OFFICE BUILDING -
OCEAN BANK LENDS $21 MILLION FOR EXPANSION OF FLIGHT CENTER -
OCEAN BANK FINANCES MEMORY CARE FACILITY IN PALM BEACH -
OCEAN BANK LENDS $62.2 MILLION FOR CONSTRUCTION OF ROYAL PALM RESIDENCES
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OCEAN BANK REPORTS RISE IN NET INCOME AND ASSETS -
OCEAN BANK APPOINTS DOUGLAS HALLIDAY TO MANAGE DOWNTOWN MIAMI BRANCH -
OCEAN BANK FUNDS $67.1 MILLION CONSTRUCTION LOAN -
OCEAN BANK FUNDS $5 MILLION FACTORING FACILITY TO GROWING DIGITAL DISPLAY DISTRIBUTOR -
OCEAN BANK APPOINTS RODOLFO BUCARO TO SENIOR MANAGEMENT TEAM -
OCEAN BANK REPORTS RISE IN ASSETS AND NET INCOME -
OCEAN BANK LAUNCHES 40TH ANNIVERSARY CELEBRATION