Ocean Bank will reopen its Orlando Branch on Friday, October 11th.
Our thoughts are with those affected by Hurricane Milton.
Online banking and mobile banking continue to be available. To find the nearest ATM free of charge, click here.

In observance of Veterans Day, we will be closed Monday, November 11th. We will resume regular business hours on Tuesday, November 12th.

Ocean Bank - Financial Results as of September 30, 2024. Continued Financial Strength Learn more

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OCEAN BANK Q1 2023 DEPOSIT GROW $231 MILLON

May 1, 2023
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Ocean Bank Q1 2023 Deposit Grow $231 Million

Ocean Bank announced today $18.1 million net income for the quarter ended March 31, 2023, 33% higher than the fourth quarter 2022 and 56% higher than the first quarter 2022.

The Bank reported $5.9 billion in total assets at March 31, 2023, a $69.3 million increase during 2023. Total deposits grew by $230.9 million during 2023, reaching $5 billion. Assets under management at the Bank’s broker dealer, Ocean Financial Services, LLC, were $547.0 million on March 31, 2023, representing a 9% increase during 2023.

The Bank’s total stockholder’s equity was $553.5 million at March 31, 2023, representing a $23.1 million increase during 2023.

Agostinho Alfonso Macedo, CEO, chairman and president of Ocean Bank, attributed the results to strong deposit growth and continued strong lending and net interest income.

The Bank’s 9.91% Tier 1 Leverage ratio is double the 5.00% threshold required to be a “well-capitalized” bank.