Ocean Bank is headquartered in Miami and is the 8th largest bank in the state of Florida. It is also the 264th largest bank in the nation. It was established in 1982 and as of June of 2020, it had grown to 658 employees at 23 locations. Ocean Bank has a B+ health rating.
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Ocean Bank is a bank that provides personalized service without being pretentious.
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.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 24156 |
| Year Established | 1982 |
| Employees | 658 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.43% |
| Return on Equity - YTD | 3.81% |
| Annual Interest Income | $82.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $4.57B$4.31B |
| Loans | Q2 2020vs Q2 2019 | $3.63B$3.15B |
| Deposits | Q2 2020vs Q2 2019 | $3.82B$3.69B |
| Equity Capital | Q2 2020vs Q2 2019 | $492.3MM$475.9MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $55.9MM$47.7MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $28.9MM$7.8MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $5.6MM$6.0MM |
