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First Bank and OceanFirst Bank Announce Definitive Agreement for First Bank to Acquire Two Branch Locations in Central New Jersey Region

Retrieved on: 
Wednesday, August 4, 2021

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.

First Bank and OceanFirst Bank Announce Definitive Agreement for First Bank to Acquire Two Branch Locations in Central New Jersey Region

Retrieved on: 
Wednesday, August 4, 2021

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.