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 251st largest bank in the nation. It was established in 1982 and as of June of 2019, it had grown to 642 employees at 23 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

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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 Grade Components

FDIC Certificate #24156
Year Established1982
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD7.79%
Annual Interest Income$92.5MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$4.31B$3.77B
LoansQ2 2019vs Q2 2018$3.15B$2.94B
DepositsQ2 2019vs Q2 2018$3.69B$3.24B
Equity CapitalQ2 2019vs Q2 2018$475.9MM$446.7MM
Loan Loss AllowanceQ2 2019vs Q2 2018$47.7MM$43.9MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$7.8MM$12.8MM
Real Estate OwnedQ2 2019vs Q2 2018$6.0MM$10.1MM

Sorry, we do not have rate data for Ocean Bank.



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