Ocean Bank, the largest state-chartered commercial bank headquartered in Florida and newest tenant of Investments Limited, is excited to announce the opening of its first Palm Beach County branch in Boca Raton. Situated prominently on Federal Highway, across the street from the renowned Boca Raton Museum of Art, this new location marks a significant milestone in Ocean Bank’s ongoing expansion across South Florida.
With a growing presence in the region, the bank now operates 24 branches—23 in South Florida and one in Orlando—along with two wealth management offices. The new Boca Raton branch is strategically located at 799 North Federal Highway, an area that has seen dynamic economic growth, making it an ideal location for Ocean Bank’s continued development.
Why Boca Raton?
Boca Raton has long been a hub of economic activity, and the city’s vibrant, growing economy has drawn Ocean Bank’s attention for several years. As Ocean Bank President, Chairman, and CEO Agostinho Alfonso Macedo explains, the decision to open a branch in Boca Raton was driven by the bank’s strong loan production activities in the area and the promise of continued growth.
“The economy of Boca Raton is blooming. Our loan production activities in the region have been phenomenal, and we’re very excited to make a solid commitment to Ocean Bank’s future in Palm Beach County,” said Macedo.
Ocean Bank’s new full-service branch will offer a wide range of banking products and services, from commercial and retail lending to a comprehensive suite of digital banking options. This expansion into Boca Raton represents not only a physical presence in the community but also a commitment to enhancing the financial services available to local residents and businesses.
A Strong Community Focus
Ocean Bank’s journey is rooted in a deep commitment to customer service and community. Founded over 40 years ago in a double-wide trailer on Miami’s LeJeune Road, the bank has grown to become a trusted financial partner to generations of Floridians. Known for its entrepreneurial spirit, Ocean Bank has maintained a strong focus on building relationships, placing high value on character, integrity, and work ethic.
“We’ve had an eye on Boca Raton for several years, handling mostly commercial real estate lending from our main office in Miami. Now, with a full-service branch, we’re expanding to serve both commercial and retail customers, while providing a full suite of banking products and services,” said Macedo.
The new Boca Raton branch will be led by Dhaanwatie (Pavo) Bhagwandin, who was named Vice President and General Manager of the office. Bhagwandin, who joined Ocean Bank in 2022, brings 15 years of experience in serving clients in the Boca Raton area. Her extensive knowledge of the local market will be a valuable asset as Ocean Bank builds relationships with new and existing customers in the region.
A Tradition of Service
Ocean Bank’s success is built on its unwavering dedication to its customers. As one of Florida’s leading commercial banks, Ocean Bank places customer service at the forefront of its mission, going beyond the traditional roles of banking to invest in people and the communities it serves.
“Our goal is to serve the people of Boca Raton, and we are confident in the prospects that this community offers. We are committed to building lasting relationships with our customers and helping them achieve their financial goals,” Macedo added.
With assets totaling $6.6 billion, Ocean Bank continues to thrive as a stable and trusted partner for South Florida residents and businesses. Whether you’re seeking personal banking services, business loans, or wealth management solutions, Ocean Bank is here to provide you with the tools and expertise you need to succeed.
Visit Ocean Bank in Boca Raton
The new Boca Raton branch reflects Investments Limited’s continued dedication to serving the unique needs of businesses and the community. We invite you to visit their newest location and experience the exceptional service that has defined Ocean Bank for over 40 years.
For more information, or to find out how Ocean Bank can help you achieve your financial goals, visit Ocean Bank’s website.
Contact and Location
Address: 799 North Federal Highway, Boca Raton, FL 33432
Website: www.oceanbank.com
