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CST: 06/12/2019 10:38:00   

OCEAN BANK REPORTS INCREASE IN ASSETS AND CAPITAL

34 Days ago

Miami, FL, Nov. 01, 2019 (GLOBE NEWSWIRE) -- Ocean Bank reported total assets of $4.3 billion at September 30, an increase of $480 million, or 12.5% over September 30, 2018.

Equity capital rose to $485 million, an increase of 6.8% from the $454 million at September 30, 2018.

“We continued our solid growth during the year, with net income of $25.4 million for the nine months and $7.3 million in the third quarter,” President and CEO Agostinho Alfonso Macedo said.

At September 30, the Bank’s Tier 1 Leverage Ratio stood at 10.8% and the Total Capital Ratio at 14.5%.

Cheryl Rees
Ocean Bank
(305) 569 - 5029
Crees@oceanbank.com

Ray Casas
Wragg & Casas
(305) 372-1234
rcasas@wraggcasas.com

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