A Partner You Can Trust

Very recently we have witnessed unprecedented transformations in the financial landscape, and you may have more questions now than ever before. While economic cycles are inevitable, OceanFirst Bank remains a strong, stable financial institution poised to help you manage your family's finances. As a member of FDIC, we can assure you that your money is safe at OceanFirst Bank and all qualifying deposits are covered by FDIC insurance.

It is important that you understand the new legislation passed by Congress permanently increases FDIC coverage from $100,000 to $250,000 per depositor. The chart below provides an example of how an OceanFirst Bank depositor could be covered up to $2,000,000.  

Deposit types include OceanFirst Checking Accounts, OceanFirst Savings Accounts,
OceanFirst CDs and OceanFirst IRA CD Accounts and Revocable Trust Accounts.


NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR
NONINTEREST-BEARING TRANSACTION ACCOUNTS  

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about temporary FDIC insurance coverage of noninterest-bearing transaction accounts, visit www.fdic.gov