Overview / Commentary
877-820-5932
780 N.W. 42nd Avenue
Miami, FL 33126

Ocean Bank is headquartered in Miami and is the 9th largest bank in the state of Florida. It is also the 276th largest bank in the nation. It was established in 1982 and as of December of 2018, it had grown to 707 employees at 22 locations. Ocean Bank has an A+ health rating.

Related Posts

2.85% APY 11-Month CD - 2/3/2019

New money only , minimum $2500. accurate rate as of date of publication Miami South Florida area, publication on Feb 3rd, 2019 Miami Herald, early withdrawal penalty not detailed but typically for Ocean it is a minimum of a 6 month penalty with a maximum of all the remaining interest that would have been earned if kept on deposit to the full term, such that if you cancelled it after 1 month you would pay a 10 month penalty

Ocean Bank (Florida) Adds 13-Month CD - 8/30/2018

South Florida-based Ocean Bank is offering special rates on 13-month CD (2.65% APY) and 9-month CD (2.35% APY). Minimum deposit is $2.5k of new money.

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Reviews (1)

Ocean Bank is a bank that provides personalized service without being pretentious.

Posted by: LG | Oct 5, 2015

I was looking for free checking, (true free checking), and I was tired of the bigger banks where you are just a number. There is a local bank, here in Hialeah, that has been around for years, so I decided to check them out. I went online and found out about their checking accounts. I was pleasantly surprised that they offered just as good as the bigger banks. I went to the local branch because I wanted to be sure of how attentive they were going to be and that I understood what they had to offer. I was blown away with how attentive they were. We sat down and went over the features of all of the checking accounts, what would work best for me. We talked about CD's and savings accounts and I was so impressed that I ended up opening a CD with them. They have excellent customer service, they go well beyond the norm to try and provide the best options for you. I have since opened a savings account with them as well.



Health
A+

Health Grade Components

Overall
FDIC Certificate #24156
Year Established1982
Employees707
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD8.5%
Annual Interest Income$166.9MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$3.88B$3.71B
LoansQ4 2018vs Q4 2017$3.12B$2.97B
DepositsQ4 2018vs Q4 2017$3.33B$3.19B
Equity CapitalQ4 2018vs Q4 2017$451.3MM$426.5MM
Loan Loss AllowanceQ4 2018vs Q4 2017$45.1MM$41.9MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$9.0MM$13.5MM
Real Estate OwnedQ4 2018vs Q4 2017$6.2MM$9.6MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

2.85% APY 11-Month CD

Kirkland   |  
New money only , minimum $2500. accurate rate as of date of publication Miami South Florida area, publication on Feb 3rd, 2019 Miami Herald, early withdrawal penalty not detailed but typically for Ocean it is a minimum of a 6 month penalty with a maximum of all the remaining interest that would have been earned if kept on deposit to the full term, such that if you cancelled it after 1 month you would pay a 10 month penalty

Rates

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