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Balance Sheet Cash Flow Statement 975 Hooper Ave. Toms River, NJ 08753 NJ Tel. 732-240-4500 Toll Free 888-623-2633 Fax 732-349-5070 |
Type: Public
On the web:
http://www.oceanfirstonline.com
Employees:
430
Employee growth: 4.1%
Ask the folks at OceanFirst Bank for a home loan and they might say "shore." The subsidiary of holding company OceanFirst Financial operates about 20 branches in the coastal New Jersey counties of Middlesex, Monmouth, and Ocean. The community-oriented bank caters to individuals and small to midsized businesses in the Jersey Shore area, offering standard products such as checking and savings accounts, CDs, and IRAs. It uses funds from deposits mainly to invest in mortgages, loans, and securities. One- to four-family residential mortgages make up more than 60% of OceanFirst Financial's loan portfolio, which also includes commercial real estate (about 20%), business, construction, and consumer loans.
Key numbers for fiscal year ending December, 2008:
Sales: $70.8M
One year growth: 27.8%
Net income: $14.8M
Income growth: 1273.4%
Officers:
Chairman, President, and CEO, Ocean Financial and OceanFirst Bank: John R. Garbarino
EVP and CFO, Ocean Financial and OceanFirst Bank: Michael J. Fitzpatrick
SVP Business Development, OceanFirst Bank: Nina Anuario
Competitors:
Hudson City Bancorp
JPMorgan Chase
PNC Financial
