OceanFirst Financial Corp.

Type: Public
On the web: http://www.oceanfirstonline.com
Employees: 433
Employee growth: 1.2%

Ask the folks at OceanFirst Bank for a home loan and they might say "shore." The subsidiary of holding company OceanFirst Financial operates more than 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 nearly 60% of OceanFirst Financial's loan portfolio, which also includes commercial real estate (about 25%), business, construction, and consumer loans.

Key numbers for fiscal year ending December, 2011:
Sales: $110.7M
One year growth: (5.1%)
Net income: $20.7M
Income growth: 1.8%

Officers:
President and COO, OceanFirst Financial and OceanFirst Bank: Vito R. Nardelli
Chairman and CEO, OceanFirst Financial and OceanFirst Bank: John R. Garbarino
EVP and CFO, OceanFirst Financial and OceanFirst Bank: Michael J. Fitzpatrick

Competitors:
Hudson City Bancorp
JPMorgan Chase
PNC Financial

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