Ocean Bank is headquartered in Miami and is the 8th largest bank in the state of Florida. It is also the 265th largest bank in the nation. It was established in 1982 and as of December of 2021, it had grown to 651 employees at 22 locations. Ocean Bank has an A+ health rating.
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.
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.
|FDIC Certificate #||24156|
|Return on Assets - YTD||0.95%|
|Return on Equity - YTD||8.69%|
|Annual Interest Income||$169.7MM|
|Assets and Liabilities|
|Assets||Q4 2021vs Q4 2020||$5.33B$4.53B|
|Loans||Q4 2021vs Q4 2020||$3.91B$3.71B|
|Deposits||Q4 2021vs Q4 2020||$4.74B$3.93B|
|Equity Capital||Q4 2021vs Q4 2020||$540.5MM$516.1MM|
|Loan Loss Allowance||Q4 2021vs Q4 2020||$64.0MM$62.6MM|
|Unbacked Noncurrent Loans||Q4 2021vs Q4 2020||$4.2MM$20.6MM|
|Real Estate Owned||Q4 2021vs Q4 2020||$701.00K$3.8MM|
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