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Florida International University Awards $5,600,000 Naming Rights Contract to Ocean Bank (April 2024)

Florida International University logoFlorida International University
Disclosed value
$5,600,000
From meeting minutes
Approved
Apr 25, 2024
Term
10 years

The 30-second brief

What it covers

FIU Arena secures a 10-year, $5.6 million naming rights renewal with Ocean Bank, ensuring the facility remains the Ocean Bank Convocation Center. The agreement includes escalating annual payments starting at $470,000.

Who holds it

Ocean Bank holds this naming rights contract with Florida International University. Its other public contracts on record include work for Town of Miami Lakes and Township of Oldmans.

What happens next

Term as filed: 10 years.

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Contract details

Contract type
Naming Rights
Amount
$5,600,000
Document date
April 25, 2024
Term
10 years
Vendor
Ocean Bank
Agency
Florida International University
Source document
florida-international-university-meeting-minutes-2024-04-25_6a7.pdf (Meeting Minutes)

Ocean Bank's other public contracts

Town of Miami Lakes, FloridaOcean Bank Confirmed as Title Sponsor for Event · Sep 23, 2025UndisclosedTown of Miami Lakes, FloridaOcean Bank Continues As Hall of Fame Title Sponsor · Jun 9, 2025UndisclosedTownship of Oldmans, New JerseyOcean Bank Added to Township Depository List · May 14, 2025UndisclosedFlorida International University, FloridaOcean Bank renews FIU Arena naming rights · Apr 25, 2024$5.6MFlorida International University, FloridaFIU Renews Ocean Bank Arena Naming Rights · Apr 25, 2024All Ocean Bank contractsVendor profile

More Florida International University contracts

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Questions about this contract

Who was awarded the naming rights contract by Florida International University?

Ocean Bank was awarded this naming rights contract by Florida International University, as recorded on April 25, 2024. The contract value is $5,600,000.

How much is the Ocean Bank contract with Florida International University worth?

The Ocean Bank contract with Florida International University is valued at $5,600,000, covering naming rights work.

What type of contract is this?

This is a Naming Rights contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in florida-international-university-meeting-minutes-2024-04-25_6a7.pdf (Meeting Minutes), dated April 25, 2024 from Florida International University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Ocean Bank hold?

Ocean Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Florida International University currently buying?

Explore Florida International University's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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