First Bank and OceanFirst Bank Announce Definitive Agreement for First Bank to Acquire Two Branch Locations in Central New Jersey Region
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Wednesday, August 4, 2021
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HAMILTON, N.J. and RED BANK, N.J., Aug. 04, 2021 (GLOBE NEWSWIRE) -- First Bank (NASDAQ: FRBA) and OceanFirst Bank, N.A.
Key Points:
- HAMILTON, N.J. and RED BANK, N.J., Aug. 04, 2021 (GLOBE NEWSWIRE) -- First Bank (NASDAQ: FRBA) and OceanFirst Bank, N.A.
- (OceanFirst Bank), the banking subsidiary of OceanFirst Financial Corp. (OceanFirst) (NASDAQ: OCFC), today announced the execution of a definitive agreement whereby First Bank will acquire two New Jersey branch locations from OceanFirst Bank.
- The two branches will continue operating as OceanFirst Bank branches until the transaction is approved and completed.
- Troutman Pepper provided legal counsel to First Bank and Luse Gorman, PC provided legal counsel to OceanFirst Bank.