Finance & Insurance

AGOSTINHO ALFONSO MACEDO

CHAIRMAN, CEO & PRESIDENT, OCEAN BANK, MIAMI

Ocean Bank, established in 1982, is the largest state-chartered commercial bank headquartered in Florida. The bank is a major lender for developers and contractors, financing many South Florida commercial and multi-family buildings. It has 23 branches in Miami-Dade and Broward counties, $4.5 billion in assets and 650 employees. Macedo has been on the bank’s board since 2005 and president and CEO since 2008.

EDUCATION Universidad Metropolitana, Caracas, Venezuela
PROFESSIONAL EVOLUTION I have been a banker all my professional life. I started as a trainee at Banco Plaza in Caracas and spent 14 years there, ultimately as general manager and CEO. I took over at Ocean Bank just before the real estate recession started.
CIVIC EFFORT Ocean Bank has made a significant contribution to the Education Fund, which provides free supplies to teachers through the Ocean Bank Center for Educational Materials, runs food programs at schools, provides grants for teacher innovation and runs community programs. The bank has contributed to Florida Memorial University, Florida International University, the United Negro College Fund, St. Thomas University and several high schools.

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