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Agostinho Alfonso Macedo, president, chair and CEO of Ocean Bank, was honored recently as “Banker of the Year” by the Florida Bankers Association at the organization’s annual meeting.
The “Banker of the Year” award is given to a banking professional who demonstrates deep commitment to the banking industry and service to their community. The award caps a year in which Ocean Bank opened its first branch outside of South Florida, the bank’s 23rd branch.
“I am humbled and honored to receive this prestigious award,” Macedo said. “It is a privilege to lead Ocean Bank’s efforts as we expand from our traditional base in Dade and Broward Counties.”
The bank has announced it plans to open two additional branches in Boca Raton and Doral.
A veteran banker, Macedo joined the bank’s senior management team as executive vice president and chief operating officer in 2007 and took over as president, chair and CEO the following year. Macedo started his banking career in Venezuela, his native country, as a trainee in several positions at Banco Plaza, CA in Caracas. During his tenure he progressed to serve in leadership positions including general manager, treasurer, chief financial officer, president and chair of the board.
Macedo led Ocean Bank through the real estate recession and financial crisis that crippled many other financial institutions. Today, the Bank reports more than $5.9 billion in assets and eight years of consecutive growth and profitability.
Under his leadership, Ocean Bank first earned BauerFinancial’s coveted five-star rating, a distinction it has retained for the past eight years. He has led the organization’s transformation to become an agile industry leader by recruiting domestic and international banking senior executives to launch diversified services including a Private Client Services group, credit card portfolio and expanded Wealth Management capabilities with a FINRA-registered broker-dealer and financial advisory services firm.
Macedo also has been instrumental in spearheading modernization and upgrades to the Bank’s facilities at its Miami headquarters and throughout its branch network and led the introduction of the latest digital banking technologies and convenience services for personal and business clients.
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