Ocean Bank is headquartered in MIAMI and is the 8th largest bank in the state of Florida. It is also the 220th largest bank in the nation. It was established in 1982 and as of March of 2025, it had grown to 683 employees at 24 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.
Overall | |
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FDIC Certificate # | 24156 |
Year Established | 1982 |
Employees | 683 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.89% |
Return on Equity - YTD | 9.49% |
Annual Interest Income | $93.3MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $6.93B$6.34B |
Loans | Q1 2025vs Q1 2024 | $5.37B$4.97B |
Deposits | Q1 2025vs Q1 2024 | $5.83B$5.55B |
Equity Capital | Q1 2025vs Q1 2024 | $652.8MM$604MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $76.1MM$71.8MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $13.5MM$2.2MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $760K$4.9MM |
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.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.80% | $2.5k | - | 6 Month CD Special (New Money) - Boca Raton | |
4.04% | $2.5k | - | 6 Month CD Special (New Money) | |
1.50% | $2.5k | - | 8 Month CD |