Ocean Bank
FDIC #24156
📍 Miami, Florida
Ocean Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in December 9, 1982. With assets of $6.12 Billion, it operates 24 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: December 1, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
December 1, 2023
Satisfactory
January 1, 2021
Satisfactory
April 1, 2018
Satisfactory
💰 Financial Strength
Total Assets$6.12 Billion
Total Deposits$5.33 Billion
Equity Capital$586.63 Million
Net Income$49.64 Million
📈 Performance
ROA1.10%
ROE11.83%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
EstablishedDecember 9, 1982
FDIC Cert24156
Holding CoOcean Bankshares Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 4:00 PM
Tuesday9:00 AM - 4:00 PM
Wednesday9:00 AM - 4:00 PM
Thursday9:00 AM - 4:00 PM
Friday9:00 AM - 6:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
1997
Relocation
Moved HQ to: 780 N.W. 42nd Avenue, Miami, FL 33126.
1988
Name Change
Name became: Changed Institution Name To Ocean Bank.