Ocean Bank

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.

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

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

• Commercial banking services
• Retail banking products
• Commercial real estate lending
• International banking services
• Treasury management solutions

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. 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.
2. Interest on Loans: Interest income from commercial and retail lending activities including commercial real estate loans, business loans, and personal loans
3. Deposit Accounts and Related Fees: Monthly maintenance fees, wire transfer fees, and other account service charges from personal and business deposit accounts
4. 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
5. International Banking Services: Fees for wire transfers, foreign exchange services, letters of credit, and trade finance services for international customers
6. Factoring Services: Ocean Factoring service providing immediate cash for receivables with associated fees

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core 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

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature3 records

Partnerships

13 partnerships are on record, tiered minor and core.

• March of DimesminorStrategic or Co-development Partner · 1 January 2024Ocean 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 SchoolminorStrategic or Co-development Partner · 1 January 2023Ocean Bank partnered with Cristo Rey Miami High School for student success programs supporting educational and career development.
• Florida International UniversitycoreStrategic or Co-development Partner · 1 January 2018Ocean 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 WaycoreStrategic or Co-development Partner · 1 January 1995Since 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 CancerminorStrategic or Co-development PartnerOcean 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 InitiativeminorStrategic or Co-development PartnerThrough 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 TreasureminorGTM or Marketing PartnerOcean 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 UniversityminorStrategic or Co-development PartnerThe 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 GroupminorChannel Partner/ Reseller/ DistributorJoint venture partners for the $27.5 million financing of the Four Points by Sheraton Suites Tampa Airport hotel purchase.
• Cofe PropertiesminorChannel Partner/ Reseller/ DistributorMiami-based real estate company that purchased two office buildings at Doral's Westside Plaza using a $41.4 million loan from Ocean Bank.
• ZomminorChannel Partner/ Reseller/ DistributorDevelopment partner for the 380-unit Live Local Act redevelopment project at retained property in Doral, partnered with Ascentris.
• MastercardcoreTechnology or IntegrationOcean 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 BuildersminorChannel Partner/ Reseller/ DistributorGeneral contractor for the $70 million construction loan project at 20955 Biscayne Boulevard, Aventura.

Scale indicators20 records

Recent moves6 records

Expansion highlights5 records

Direct 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

• Xx.com/oceanbankusa
• Facebookfacebook.com/OceanBankMiamiLakes
• LinkedInlinkedin.com/company/ocean-bank
• Instagraminstagram.com/oceanbankus/?hl=en

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ocean Bank