Ocean Bank

Overview / Commentary
780 N.W. 42nd Avenue
Miami, FL 33126

Ocean Bank is headquartered in MIAMI and is the 8th largest bank in the state of Florida. It is also the 230th largest bank in the nation. It was established in 1982 and as of March of 2024, it had grown to 669 employees at 23 locations. Ocean Bank has an A health rating.

Reviews (2)

Commercial Deal

Posted by: |

As a real estate professional in the FL market, its refreshing to work with a lender that is proactive with potential obstacles during a real estate transaction. I worked directly with Ryan Welsch from the Fort Lauderdale location. The entire team at Ocean Bank were extremely helpful, accessible and knowledgable during the process. I WILL refer my future clients to this lender, both commercial and residential.

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

Posted by: |

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 Grade Components

FDIC Certificate #24156
Year Established1982
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.79%
Return on Equity - YTD8.51%
Annual Interest Income$89.3MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$6.34B$5.99B
LoansQ1 2024vs Q1 2023$4.97B$4.71B
DepositsQ1 2024vs Q1 2023$5.55B$5.03B
Equity CapitalQ1 2024vs Q1 2023$604MM$553.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$71.8MM$71.4MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$2.2MM$2.9MM
Real Estate OwnedQ1 2024vs Q1 2023$4.9MM$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Ocean Bank Savings Account Rates

0.20%*$100k*-Ocean Personal Savings
OTHER TIERS: 0.10% $0 - $100k
0.20%*$100k*-Ocean Personal Savings - Young Saver
OTHER TIERS: 0.10% $0 - $100k

Ocean Bank CD Rates

5.44%$2.5k-9 Month CD Special - New money
4.30%$2.5k-6 Month CD Special - New Money
3.01%$2.5k-8 Month CD Special


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