Ocean Bank on Wednesday reported $13.1 million in fourth quarter net income, compared to $10.8 million during the same period of 2011. For the full year, the Miami-based bank earned $44 million, compared to a loss of $11.2 million for 2011.
Ocean Bank said it has now reported a profit for six consecutive quarters. The bank said its non-performing assets fell to $179.7 million, or 5.6 percent of assets, at Dec. 31, 2012, compared to $277.2 million at Dec. 31, 2011.
INA PAIVA CORDLE
High-profile developers Jorge Perez and Stephen Ross are pitching changes to the long-stalled Watson Island redevelopment plan that would make the project less like a plush resort and marina — and more like a mega shopping center.
When Joseph Unanue began to formally work at Goya Foods in 1952, the family business was a regional enterprise.
One Florida county is considering a package of up to $7.5 million in local and state tax breaks for online retailer Amazon to build a new warehouse, creating 1,000 local jobs.
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