Ocean Bank’s factoring division closed and funded a $5 million factoring facility for a distributor of recycled paper and cardboard.
Ocean Bank’s factoring division financed a $1 million factoring facility for an automotive and industrial belt manufacturing company.
Ocean Bank’s factoring division funded a $5 million factoring facility for an importer and distributor of Hispanic food brand products.
Ocean Bank’s factoring division financed a $5.5 million factoring facility to a growing logistics company serving companies worldwide.
Ocean Bank’s factoring division has financed a $6 million factoring facility to a provider of IT services to media and entertainment companies.
Ocean Bank’s factoring division financed a $5 million factoring facility for a private equity-owned distributor of interactive digital marketing displays.
Ocean Bank appointed Rodolfo Bucaro, who currently serves as the bank’s senior vice president and chief information officer, to its senior management team.
Ocean Bank’s factoring division provided a $2 million factoring facility to a wine distributor in the Midwest.
Ocean Bank promoted two veteran bankers: Eddie Diaz has been named senior vice president and head of Corporate Lending, and Rogelio Villarreal was named senior vice president and head of Commercial Lending.
Ocean Bank named Executive Vice President Ralph Gonzalez-Jacobo its chief lending officer.