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FIU Renews Ocean Bank Arena Naming Rights

Florida International University logoFlorida International University
Disclosed value
$5.6M (annual installments starting at $470,000 in year one and ending at $680,000 in year ten)
From meeting minutes
Document date
Apr 25, 2024
Renews
Free account

The 30-second brief

What it covers

Florida International University renewed Ocean Bank's naming rights for FIU Arena, continuing the 'Ocean Bank Convocation Center' designation under a ten-year, $5.6 million gift and naming rights agreement effective August 1, 2024. The deal features escalating annual installments and aligns with the FIU Foundation's Donative Naming Policy.

Who holds it

Ocean Bank holds this 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

The renewal date is on record. A free account shows it, with the renewals for every Florida International University contract.

Renewal date on recordLocked

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Contract details

Amount
$5.6M (annual installments starting at $470,000 in year one and ending at $680,000 in year ten)
Document date
April 25, 2024
Term
Ten (10) year gift and naming rights agreement effective August 1, 2024
Renews
Free account
Vendor
Ocean Bank
Agency
Florida International University
Source document
florida-international-university-meeting-minutes-2024-04-25_283.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 Arena Renews Naming Rights with Ocean Bank · Apr 25, 2024$5.6MAll Ocean Bank contractsVendor profile

More Florida International University contracts

Salesforce IncFIU Recommends Five-Year Salesforce Platform Agreement · Sep 17, 2026IKEAFIU Student Government Continues IKEA Partnership · Sep 17, 2026UndisclosedAffordable Housing Preservation CorporationFIU Approves Student Housing Agreement With Affordable Housing Corporation · Sep 17, 2026UndisclosedBlackbaud IncFIU Recommends $3.79 Million Blackbaud CRM Upgrade · Sep 17, 2026Barnes & NobleFIU Reports Ongoing Barnes & Noble Book Pack Partnership · Sep 17, 2026UndisclosedAll Florida International University activityAgency profile

Questions about this contract

Who was awarded the government contract by Florida International University?

Ocean Bank was awarded this government contract by Florida International University, as recorded on April 25, 2024. The contract value is $5.6M (annual installments starting at $470,000 in year one and ending at $680,000 in year ten).

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

The Ocean Bank contract with Florida International University is valued at $5.6M (annual installments starting at $470,000 in year one and ending at $680,000 in year ten).

What type of contract is this?

This is a government contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in florida-international-university-meeting-minutes-2024-04-25_283.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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