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News Stories (2 Results) - Ocean Bank

Ocean Bank’s Factoring Division financed a $10 million factoring facility to fund the expansion plans of a leading provider of offshore deep-water oil rig repairs. The client is well established in the market and has provided services to some of the... Read Story
April 28, 2023, 07:28 AM


Ocean Bank announced its Factoring Division has closed and funded a new $5 million factoring facility to a rapidly growing distributor of recycled paper and cardboard. “The client had been self-financing its working capital requirements until now.... Read Story
April 10, 2023, 07:21 AM