Ocean Bank
Ocean Bank is the largest independent, state-chartered commercial bank headquartered in Florida, serving retail, business, commercial real estate, and international clients through 24 branches and digital banking, with $7.54B in assets as of Q1 2026.
- Company typePrivate
- Founded1982
- HeadquartersMiami, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Ocean Bank does
Ocean Bank is the largest independent, state-chartered commercial bank headquartered in Florida, founded in 1982 and operating from its Miami headquarters. As of March 31, 2026, the bank reported record total assets of $7.54 billion, total deposits of $6.38 billion, total loans of $5.97 billion, and stockholder's equity of $714 million, with a Tier 1 leverage ratio of 9.87 — well above regulatory minimums. The bank operates 24 branches across Miami-Dade, Broward, Orange, and Palm Beach counties, and holds BauerFinancial's highest 5-Star rating. Agostinho Alfonso Macedo serves as Chairman, with Vanessa Lugo as CFO and a board that added Mario de Armas (May 2025) and Yuni Navarro (April 2026) during the most recent growth phase.
The bank's product portfolio spans four business units: Personal Banking (checking, savings, CDs, IRAs, money market, home loans, HELOCs, auto/boat loans, and Mastercard credit cards including a CD-secured product), Business Banking (commercial loans via Ocean Financing, SBA loans, Ocean Factoring receivables financing, asset-based lending, and the Ocean Business Suite treasury management platform), Commercial Real Estate Lending (acquisition, construction, and refinancing for income-producing properties), and International Banking (personal and business accounts, trade finance, FX, and letters of credit, with an International Elite tier requiring $250K minimum relationship). Technology infrastructure consists of standard online and mobile banking, SMS alerts, and third-party integrations with Zelle, Apple Pay, Google Pay, QuickBooks Online, TurboTax, and the Mastercard network — no proprietary AI/ML or open API platform is evidenced.
Ocean Bank's revenue model is dominated by net interest income — $233.7 million in full-year 2025 and $61 million in Q1 2026 — supplemented by recurring deposit fees, credit card interest and fees, wire transfer and FX fees, factoring service fees, and SBA-related income. Q1 2026 net income of $20 million was up 29% year-over-year. The bank is privately held with no disclosed parent company or institutional investors, and operates three wholly-owned affiliates — Ocean Financial Services, Ocean Financial Advisors, and Ocean Insurance Services — that extend the platform into investment advisory and insurance adjacencies.
Ocean Bank firmographics
Firmographics- Name
- Ocean Bank
- Legal name
- Ocean Bank
- Website
- https://oceanbank.com
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Ocean Bank is the largest independent, state-chartered commercial bank headquartered in Florida, serving retail, business, commercial real estate, and international clients through 24 branches and digital banking, with $7.54B in assets as of Q1 2026.
- Ownership category
- akta.pro rank
Ocean Bank industry classification
Industry- Product category
- Commercial Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB)
- akta.pro secondary industry
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
Keywords
Where Ocean Bank is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
Ocean Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Net Interest Income: The primary revenue stream derived from the spread between interest earned on loans and interest paid on deposits. In Q1 2026, net interest income was $61 million.
- Interest on Loans: Interest income from commercial and retail lending activities including commercial real estate loans, business loans, and personal loans
- Deposit Accounts and Related Fees: Monthly maintenance fees, wire transfer fees, and other account service charges from personal and business deposit accounts
- Credit Card Fees and Interest: Annual fees, transaction fees, and interest income from credit card products including International World, International Platinum Rewards, Platinum, and Business Rewards Select cards
- International Banking Services: Fees for wire transfers, foreign exchange services, letters of credit, and trade finance services for international customers
- Factoring Services: Ocean Factoring service providing immediate cash for receivables with associated fees
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | 6-Month CD: 3.50% APY Special Promotion |
| Subscription | Monthly | International Personal Checking: $5,000 minimum to open, $15 monthly maintenance + $5 paper statement fee |
| Subscription | Monthly | International Personal Savings: $2,500 monthly maintenance fee |
| Subscription | Monthly | International Business Checking: $10,000 minimum to open, $20 monthly maintenance |
| Transaction based/ take rate | Pay-as-you-go | Wire Transfer Fees: $20 domestic, $30 foreign |
| Subscription | Monthly | International World Credit Card: 0% intro APR for 12 billing cycles, then 13.24% variable APR |
| Subscription | Monthly | International Platinum Rewards: 0% intro APR for 12 billing cycles, then 15.24% variable APR |
| Subscription | Monthly | Business Rewards Select: 0% intro APR for 6 billing cycles, then 15.24% variable APR |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels5 records
Ocean Bank product offering
Product offeringCore offering
Ocean Bank is an independent, state-chartered commercial bank headquartered in Miami, Florida, providing personal banking, business banking, commercial real estate lending, and international banking services across Florida and international markets. The bank operates 24 physical branches supplemented by digital banking platforms, offering deposit accounts, lending products, treasury management, factoring, and trade finance.
Product overview
Ocean Bank is a full-service commercial bank headquartered in Florida offering a unified, multi-channel banking platform. The product portfolio spans three core divisions: Personal Banking (checking, savings, CDs, IRAs, money market accounts, home loans, HELOCs, auto/boat loans, personal secured loans, and credit cards), Business Banking (commercial loans via Ocean Financing®, SBA loans, Ocean Factoring® receivables financing, asset-based financing, real estate financing, global trade finance, and treasury management via Ocean Business Suite™), and International Banking (personal and business checking, savings, money market, CDs, and loans for international clients with International Elite premium tier). All divisions share common infrastructure: Zelle® for P2P payments, Apple Pay/Google Pay digital wallet integration, and Mastercard credit/debit card networks. Key branded products include Ocean Personal Checking, Ocean Business Checking, Ocean Factoring®, Ocean Financing® Commercial Loans, Ocean Business Suite™ Treasury Management, and Mastercard credit card products (World, Platinum Rewards, Platinum, Business Rewards Select). The bank operates 24 branches in South Florida with digital banking as a core delivery channel.
Differentiator
Problem solved
Functional benefit
Brands
- Ocean Financial Services: Investment services offered by Ocean Bank's affiliated company, Ocean Financial Services, LLC.
- Ocean Financial Advisors
- Ocean Insurance Services
- Ocean Factoring
- Ocean Business Suite
Products and services
- Personal Banking Services
- Business Banking
- Commercial Real Estate Lending
- International Banking
- Treasury Management
- Ocean Factoring
- Trade Finance
Quantifiable outcome
- Total assets grew from $3.3 billion to $7.4 billion from 2015 to 2025 - over 120% growth
- +2 more outcomes
Companies that use Ocean Bank
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
Ocean Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
Feature3 records
Ocean Bank partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered minor and core.
- March of DimesminorOcean Bank has participated and sponsored March of Dimes Walks for over 20 years, bringing employees together to fight for the health of every family.
- Cristo Rey Miami High SchoolminorOcean Bank partnered with Cristo Rey Miami High School for student success programs supporting educational and career development.
- Florida International UniversitycoreOcean Bank secured naming rights to the 5,000-seat FIU Convocation Center in 2018, now known as the Ocean Bank Convocation Center. The center hosts sports events, banquets, conventions, concerts, and FIU's annual graduation ceremony. This partnership demonstrates Ocean's commitment to supporting higher education and the communities it serves.
- United WaycoreSince 1995, Ocean Bank has partnered with United Way through employee campaigns where employees pledge, contribute, and volunteer time and money to help neighborhoods in need. This long-standing partnership demonstrates the bank's commitment to community support.
- Liga Contra El CancerminorOcean Bank employees and the bank volunteer and donate towards the efforts of La Liga Contra El Cancer, participating annually in telethons to help collect funds for cancer research and support.
- Biscayne Immersion / Blue Scholars InitiativeminorThrough this partnership, Ocean Bank supports hands-on, curriculum-based marine science education for students through Biscayne Immersion and Floating Classroom learning experiences in Biscayne Bay.
- Local 10 News - Don't Trash Our TreasureminorOcean Bank partnered with Local 10 News for the 'Don't Trash Our Treasure' station initiative aimed at increasing environmental awareness and encouraging sustainability across South Florida.
- Florida Memorial UniversityminorThe Ocean Bank Scholarship has provided 46 FMU students with academic scholarships totaling more than $100,000, supporting higher education access.
- Rok Acquisitions, Sage Lane Partners, Artifact GroupminorJoint venture partners for the $27.5 million financing of the Four Points by Sheraton Suites Tampa Airport hotel purchase.
- Cofe PropertiesminorMiami-based real estate company that purchased two office buildings at Doral's Westside Plaza using a $41.4 million loan from Ocean Bank.
- ZomminorDevelopment partner for the 380-unit Live Local Act redevelopment project at retained property in Doral, partnered with Ascentris.
- MastercardcoreOcean Bank credit and debit cards are issued on the Mastercard network, providing customers with access to global ATM networks, travel benefits, purchase protection, and other Mastercard services including Priority Pass airport lounges for premium cardholders.
- Jaxi BuildersminorGeneral contractor for the $70 million construction loan project at 20955 Biscayne Boulevard, Aventura.
Scale indicators20 records
Recent moves6 records
Expansion highlights5 records
Ocean Bank competitors and assessment
Company assessmentDirect peers
- Banesco USA: Florida-based, US-incorporated subsidiary of Venezuelan Banesco with international banking, FX, and trade finance focus targeting Latin American clients — a near-twin of Ocean Bank's foreign-national banking franchise.
- BankUnited: Miami-headquartered commercial bank serving Florida businesses and consumers with comparable deposit-gathering, CRE lending, and SMB banking franchises; closest geographic and product-line peer to Ocean Bank.
- Amerant Bank: Florida-headquartered community/commercial bank with similar personal, business, and CRE banking offerings and a parallel international/Latin American banking heritage — directly comparable on size, geography, and product mix.
- Valley National Bank: Mid-size regional commercial bank with similar CRE lending, SMB banking, and personal banking mix — useful comparable for capital ratios, NIM, and community banking economics at comparable scale.
- City National Bank of Florida: Florida-based commercial bank focused on personal, business, and wealth management clients with strong CRE and private banking ties — competes head-to-head in South Florida deposit and lending markets.
- Mercantil Bank: Florida-headquartered commercial bank with international/Latin America focus, comparable deposit and loan products, and similar relationship-driven community banking model.
Broad incumbents
- First Horizon Bank: Southeast regional bank with diversified commercial and consumer banking — useful comparable for a Florida-focused bank's potential scale and product roadmap.
- Pinnacle Financial Partners: Larger regional commercial bank known for relationship banking and CRE lending — relevant comparable on business model, growth trajectory, and disciplined underwriting philosophy.
- Synovus Financial: Southeast regional bank with personal, commercial, and CRE lending across multiple states — provides scale benchmark and CRE concentration comparisons for a Florida-anchored competitor.
- Cadence Bank: Mid-size regional commercial bank serving businesses across the Sun Belt with comparable CRE, SMB, and treasury management offerings.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Ocean Bank social profiles
Digital presenceOcean Bank compliance and trust
Trust signalCompliance7 records
Ocean Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ocean Bank leadership team
Management profileNumber of profiles
Ocean Bank subsidiaries and ownership
Company hierarchySubsidiaries3 records
Ocean Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ocean Bank M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ocean Bank
What does Ocean Bank do?
Ocean Bank is an independent, state-chartered commercial bank headquartered in Miami, Florida, providing personal banking, business banking, commercial real estate lending, and international banking services across Florida and international markets. The bank operates 24 physical branches supplemented by digital banking platforms, offering deposit accounts, lending products, treasury management, factoring, and trade finance.
Is Ocean Bank a public or private company?
Ocean Bank is a private company. It is classified as unknown and is currently operating.
When was Ocean Bank founded?
Ocean Bank was founded in 1982. It employs 501 to 1,000 people.
Where is Ocean Bank based?
Ocean Bank is headquartered in Miami, United States, in the North America region.
How does Ocean Bank make money?
Six revenue lines are on record. Net Interest Income is the primary driver. The others are interest on Loans, deposit Accounts and Related Fees, credit Card Fees and Interest, international Banking Services and factoring Services.
Who are Ocean Bank's main competitors?
Direct peers on record are Banesco USA, BankUnited, Amerant Bank, Valley National Bank, City National Bank of Florida and Mercantil Bank. Broad incumbents are First Horizon Bank, Pinnacle Financial Partners, Synovus Financial and Cadence Bank.
Does Ocean Bank have an API?
No public API is recorded for Ocean Bank.
What industry is Ocean Bank in?
Ocean Bank's product category is Commercial Banking. Its primary akta.pro industry code is FSABABAB, SME Business Lending (Term Loans, Lines of Credit, Overdrafts), with a secondary code of FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 52211 and its SIC code is 6022.