Ocean Bank
TypePrivately owned
IndustryFinance
Founded1982
Headquarters780 NW 42nd Avenue
Miami, Florida, United States
Key people
A. Alfonso Macedo (President and CEO)
ProductsLoans, deposit products, investments, merchant card services, and cash management services
WebsiteOceanBank.com

Ocean Bank is the largest independent state-chartered commercial bank headquartered in Florida.[1] Founded in 1982, Ocean Bank is active in commercial real estate, funding projects by real estate developers, construction companies, and land owners.

The bank also funds domestic commercial and industrial loans and offers retail banking services.  Its wealth management division provides domestic and international private banking services.[2]

The bank offers its customers financial products that include 24-hour banking services, mobile banking, commercial and personal loans, factoring, cash management, and merchant card services. With $6.1 billion in assets and over 600 employees, Ocean Bank serves the Florida market with 23 branches in Miami-Dade, Broward and Orange Counties, and is expanding into Palm Beach County during 2024.[3]

Community

The bank supports several community programs and education, including the United Way, the Orange Bowl Committee, Camillus House, Florida International University, Florida Memorial University, Belen Jesuit Preparatory School, The Carrollton School, and The Dade Public Education Fund.

Executive Officers

  • A. Alfonso Macedo, President / CEO and Chairman
  • Yuni Navarro, Executive Vice President / Chief Administrative Officer
  • Manuel M. Del Cañal, Executive Vice President / Head of Wealth Management
  • Eddie Diaz, Executive Vice President / Head of Corporate Lending
  • Pedro Max, Executive Vice President / Head of Business Banking and Branches
  • Sam Monti, Executive Vice President / Chief Credit Officer
  • Stan Rubin, Executive Vice President / Chief Financial Officer & Chief Risk Officer
  • Rogelio Villarreal, Executive Vice President / Head of Commercial Lending
  • Barbara Brick, Executive Vice President / Director of BSA & Compliance
  • Rodolfo Bucaro, Senior Vice President / Chief Information Officer

Branches

Miami-Dade County

Main Office, Airport West, Aventura, Bird Road, Brickell, Coral Gables, Coral Way, Doral, Downtown Miami, Kendall, Miami Beach, Miami Lakes, Miller Drive, Palm Springs, Pinecrest, South Miami, West Flagler, West Hialeah, West Kendall, West Miami

Broward County

Downtown Fort Lauderdale and Weston

Orange County

Downtown Orlando

Palm Beach County

Boca Raton (coming in 2024)

Wealth Management

Main Office, Brickell

References

  1. ↑ "Summary of Deposits - Market Share". www7.fdic.gov. Retrieved 2022-08-18.
  2. ↑ CEPF, Laura Grace Tarpley. "Ocean Bank review: Hispanic American-owned bank with a free checking account". Business Insider. Retrieved 2022-08-30.
  3. ↑ https://www.oceanbank.com/content/dam/documents-en/ocean-bank-financial-results.pdf
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