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 LENDS $80 MILLION TO FLB HOTEL, LLC -
OCEAN BANK REPORTS CONTINUED GROWTH -
OCEAN BANK LENDS $6.3 MILLION FOR EXPANSION OF HIGH-PROFILE JEWELRY STORE -
FROM RECYCLED OCEAN PLASTIC TO DEBIT CARDS -
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 REPORTS INCREASES IN INCOME, CAPITAL AND ASSETS -
OCEAN BANK TO OPEN FIRST PALM BEACH COUNTY BRANCH -
OCEAN BANK PROVIDES $27 MILLION FOR SHOPPING CENTER PURCHASE -
OCEAN BANK PROVIDES $5,000,000 FACTORING FACILITY TO AN INTERNATIONAL EXPORTER -
OCEAN BANK PROVIDES $21.5 MILLION FOR HOLLYWOOD HOTEL
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OCEAN BANK PROVIDES $10 MILLION WORKING CAPITAL FACILITY -
OCEAN BANK LENDS $17.3 MILLION FOR PURCHASE OF THE GROVE AT WINTER PARK -
LAWRENCE ARTMAN JOINS OCEAN BANK -
OCEAN BANK FINANCES $14.4 MILLION HGREG.COM TEXAS SITE PURCHASE -
OCEAN BANK LENDS $6.4 MILLION FOR CONSTRUCTION OF WALGREENS NEAR SARASOTA -
OCEAN BANK LENDS $21 MILLION FOR EXPANSION OF FLIGHT CENTER -
OCEAN BANK LENDS $6.5 MILLION FOR CONSTRUCTION OF WALGREENS IN ORLANDO -
OCEAN BANK LENDS $62.2 MILLION FOR CONSTRUCTION OF ROYAL PALM RESIDENCES -
OCEAN BANK LENDS $6.5 MILLION FOR CLASS-A OFFICE BUILDING -
OCEAN BANK LENDS $27.8 MILLION FOR CONSTRUCTION OF HYATT PLACE HOTEL -
OCEAN BANK LENDS $17.6 MILLION FOR CONSTRUCTION OF HILTON HOME2 SUITES -
SFBJ HONORS AGOSTINHO ALFONSO MACEDO WITH ULTIMATE CEO AWARD -
OCEAN BANK RECEIVES STATEWIDE FLORIDA EDUCATION AWARD -
OCEAN BANK Q1 2023 DEPOSIT GROW $231 MILLON -
OCEAN BANK FINANCES MEMORY CARE FACILITY IN PALM BEACH -
FBA HONORS AGOSTINHO ALFONSO MACEDO AS BANKER OF THE YEAR -
OCEAN BANK FINANCES PURCHASE OF 37 APARTMENTS -
OCEAN BANK 2022 NET INCOME GROWS 20 PERCENT -
OCEAN BANK NAMES JOSE AMBERT VP & BRANCH MANAGER IN ORLANDO -
OCEAN BANK FINANCES MEMORY CARE FACILITY