Ocean Bank is headquartered in Miami and is the 11th 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 June of 2017, it had grown to 700 employees at 21 locations. Ocean Bank has an A+ health rating.
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||0.89%|
|Return on Equity - YTD||7.34%|
|Annual Interest Income||$74.0MM|
|Assets and Liabilities|
|Assets||Q2 2017vs Q2 2016||$3.71B$3.46B|
|Loans||Q2 2017vs Q2 2016||$2.93B$2.65B|
|Deposits||Q2 2017vs Q2 2016||$3.09B$2.89B|
|Equity Capital||Q2 2017vs Q2 2016||$441.8MM$425.0MM|
|Loan Loss Allowance||Q2 2017vs Q2 2016||$37.8MM$35.6MM|
|Unbacked Noncurrent Loans||Q2 2017vs Q2 2016||$15.9MM$11.4MM|
|Real Estate Owned||Q2 2017vs Q2 2016||$9.5MM$28.2MM|
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.
Always verify rates and promotions with the bank or credit union. We are not Ocean Bank; we are a rate comparison website and cannot provide official rates or promotions.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|1.80%||$2,500||-||24 Month CD Special - New Money|
|1.25%||$2,500||-||4 Month CD Special - New Money|