Agostinho Macedo

PRESIDENT, CHAIRMAN & CEO, OCEAN BANK, MIAMI

Ocean Bank is the largest independent, state-chartered commercial bank headquartered in Florida, with $7 billion in assets. It has 670 employees and 24 branches throughout Miami-Dade, Broward, Palm Beach and Orange counties. Macedo joined the bank’s board in 2007 and became CEO in 2008. Under his direction, Ocean Bank helped save the businesses of numerous customers during the Great Recession and again during COVID by creatively restructuring loans and provided flexibility to allow clients to structure their payments in line with anticipated fluctuating cash flows. “At the height of the recession, we provided a capital infusion that allowed the bank to weather the national real estate meltdown,” says Macedo. “We are now seeing the fruit of those efforts.”

EDUCATION: Universidad Metropolitana,
Caracas, Venezuela (BA)

MENTEE IMPACT: Sharing leadership learned lessons with college students has left great memories where I emphasize that we always must concentrate on the solution, not the problem.

FIRST JOB
“I started as an entry-level clerk at Banco Plaza in Caracas.”