HAMILTON, N.J. and RED BANK, N.J., Dec. 06, 2021 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) and OceanFirst Bank, N.A. (“OceanFirst Bank”), the banking subsidiary of OceanFirst Financial Corp. (“OceanFirst”) (NASDAQ: OCFC), announced the completion of their previously disclosed agreement, through which First Bank has acquired two New Jersey branch locations from OceanFirst Bank. As part of the acquisition, which was completed at the close of business on December 3, 2021, First Bank also acquired approximately $101 million of associated deposits and $11 million of select performing loans.
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