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
Hotel numbers show that business on Miami Beach slowed considerably over Memorial Day weekend last year. Will this year see more of the same?
The list of lawmakers criticizing Citizens Property Insurance Corp. for a $52 million deal with a new insurance company continues to grow. The latest critic: House Speaker Will Weatherford.By Toluse OlorunnipaHerald/Times Tallahassee Bureau
South American hospitality company Atton Hotels will open a location in Miami two years from now.
The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.
The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.
Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.
This affects comments on all stories.
RSS|
My Yahoo|
Newsletters|
Mobile|
Alerts|
Twitter
Terms of Service| Privacy Policy| About our ads| Copyright| About The Miami Herald| About the McClatchy Company| Corrections| Contact Us| Advertise| Work for Us
Partners: El Nuevo Herald| Newspaper in Education| WLRN | Miami Herald News| CBS4 WFOR-TV| More
Copyright 2013 Miami Herald Media Co. All rights reserved
