Ocean Bank Funds $5.5 Million Factoring Facility to Growing Logistics Company

MIAMI – Nov. 15, 2022 – Ocean Bank’s Factoring Division has financed a $5.5 million factoring facility to a growing logistics company serving companies worldwide.

“Our client is going through tremendous growth with soaring shipping needs post-pandemic. Ocean Bank provided a flexible and lasting solution that will help this logistics company meet customer demand with stable growth,” said Daniel Krasna, Vice President of Business Development.

“Ocean Bank’s factoring department works with businesses experiencing rapid growth, including companies with a global customer base like this logistics company, making it a perfect fit for Ocean Bank,” said Roger Villarreal, Executive Vice President of Ocean Bank.

Ocean Bank’s Factoring Group works with businesses from start-ups to well established middle market companies to facilitate growth in financing their businesses. To learn more, please reach out to Daniel Krasna, who can be reached at: (561)702-5774 or dkrasna@oceanbank.com.

About Ocean Bank

Ocean Bank is the largest independent, state-chartered commercial bank headquartered in Florida, with $5.4 billion in assets. Chartered in 1982, Ocean Bank operates its network of 22 branches throughout Miami-Dade and Broward counties.  The community bank has received numerous awards and accolated from the Greater Miami Chamber of Commerce, The Beacon Council and the Florida Department of Education, among others, for its support of our South Florida communities. For more information, visit www.OceanBank.com.

Contact: Wragg & Casas

Ray Casas /Melissa Lichtenheld (305) 372-1234