Ocean City Home Bank has joined OceanFirst!
Together we’ll bring you an even stronger community bank.
Ocean City Home Bank officially became part of OceanFirst on December 1, 2016. For now, Ocean City Home Bank will operate as a division of OceanFirst Bank. We plan to complete the full integration of accounts, services and branch networks under the OceanFirst name in late Spring 2017. Until then, Ocean City Home Bank will operate just as it does today, so please continue banking as usual at your local branch.
OceanFirst and Ocean City Home Bank already have so much in common. We’re both New Jersey-based banks with local roots and a tradition of helpful, attentive service. We also share a commitment to the families, businesses and communities of southern New Jersey.
As you may have noticed, we’ve added a number of OceanFirst branches in your area recently, so you’ll gain the benefits of even more locations and banking conveniences, while remaining part of a community bank.
• You can still use your checks, deposit slips and debit card.
• Online banking, direct deposit and other services will continue.
• Monthly loan payments should still be sent to Ocean City Home Bank as scheduled.
Answers To Your Questions
Can you tell me more about OceanFirst?
Founded in 1902 and headquartered in Ocean County, OceanFirst has 50 branches in central and southern New Jersey, including 22 former Cape Bank branches recently fully transitioned to OceanFirst Bank – and that number will grow as we integrate branch locations from Ocean City Home Bank into our network. We offer a full range of banking services to meet your personal and business needs, and we help you take advantage of the latest innovations that make banking more convenient. Customers are like family to us, and your towns are our towns. At OceanFirst, we look forward to being your trusted bankers and good neighbors.
How will joining OceanFirst be an advantage for me?
Once we combine our banking operations in late Spring 2017, you can look forward to:
• A network of banking locations that will offer greater coverage and convenience in Cape May, Atlantic, Cumberland and Gloucester counties as well as Ocean, Monmouth and
• More choices in accounts and services, including customized solutions to manage wealth and plan for retirement.
• A check card rewards program for your everyday purchases, with a choice of great redemption options.
• Greater financial strength to meet the borrowing needs of individuals, families and businesses.
• Conveniences like enhanced ATMs, along with a mobile banking platform that supports all the latest devices – even smart watches.
Will any branches be closing as a result of this merger?
While final decisions have not been made yet, the consolidation of some locations is being carefully considered. We take this decision very seriously, and will provide ample notice to any customers that might be impacted as a result of the consolidation of branch locations.
I like the fact that Ocean City Home Bank supports local causes. Does OceanFirst do the same?
Absolutely. You’ll find that we give back to the neighbors we serve in every community we touch. Through OceanFirst Foundation, a private charitable organization, we have provided
more than $30 million in grants to nonprofit organizations in areas such as housing, health and wellness, youth development and the arts. Read about it at www.oceanfirstfdn.org.
How do I know you’ll still keep a focus on southern New Jersey?
When we recently expanded into southern New Jersey, we created an executive position to do just that. Mark Foley is President of the Southern Division. One of Mark’s top priorities is to preserve the local expertise and local decision-making that you have every right to expect from OceanFirst, your community bank.
I have accounts at both Ocean City Home Bank and OceanFirst Bank (or the former Cape Bank). Do I need to do anything special?
No. Your accounts will continue to be independent of one another until we complete the integration next Spring, and will still appear on the same statements you receive now. What’s more, your accounts at both banks will continue to be FDICinsured separately until June 1, 2017 (and even longer for many CDs). So even if your combined deposit balances add up to more than $250,000 (the current maximum coverage amount per ownership category at one bank), you have plenty of time to make adjustments that can preserve your ongoing FDIC insurance coverage. Just stop by your local branch sometime over the next few months to discuss your options with one of our bankers.
Visit your local Ocean City Home Bank
branch or call the customer service area
at 609-927-7722. We appreciate your
business, and we thank you for banking