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FOR IMMEDIATE RELEASE

OCEANFIRST FINANCIAL CORP.
SCHEDULES EARNINGS CONFERENCE CALL


TOMS RIVER, NEW JERSEY, January 2, 2007…OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the quarter ended December 31, 2006 at approximately 4:00 p.m. on Thursday, January 18, 2007. Management will then conduct a conference call at 11:00 a.m. Eastern Time, on Friday, January 19, 2007, to discuss highlights of the Company's fourth quarter operating performance.

The direct dial number for the call is (877) 407-8035. For those unable to participate in the conference call, a replay will be available. To access the replay, dial (877) 660-6853, Account #286, Conference ID #226272, from one hour after the end of the call until midnight (Eastern Time) on Thursday, January 25, 2007.

The conference call will also be available via the Internet by accessing the Company's Web address: www.oceanfirst.com - Investor Relations. Web users should go to the site at least fifteen minutes prior to the call to register, download and install any necessary audio software. The webcast will be available for 90 days.

OceanFirst Financial Corp.'s subsidiary, OceanFirst Bank, founded in 1902, is a federally-chartered stock savings bank with $2.1 billion in assets and twenty branches located in Ocean, Monmouth and Middlesex counties, New Jersey. The Bank is the largest and oldest community-based financial institution headquartered in Ocean County, New Jersey.

OceanFirst Financial Corp.'s press releases are available at no charge by visiting us on the worldwide web at http://www.oceanfirst.com.

Forward-Looking Statements

This news release contains certain forward-looking statements which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and the subsidiaries include, but are not limited to, changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area and accounting principles and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake – and specifically disclaims any obligation – to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact:
Michael J. Fitzpatrick
Chief Financial Officer
OceanFirst Financial Corp.
Tel: (732)240-4500, ext. 7506
Fax: (732)349-5070
email:Mfitzpatrick@oceanfirst.com
FOR IMMEDIATE RELEASE

OCEANFIRST FINANCIAL CORP.
ANNOUNCES ANNUAL MEETING DATE


TOMS RIVER, NEW JERSEY, DECEMBER 22, 2006....OceanFirst Financial Corp. (NASDAQ:OCFC), announced today that its Annual Meeting of Stockholders will be held on Thursday, April 19, 2007, at 10:00 A.M. Eastern Standard Time, at Crystal Point Yacht Club located at 3900 River Road at the intersection of State Highway 70, Point Pleasant, New Jersey. The record date for shareholders entitled to vote at the Annual Meeting was set for March 5, 2007.

FOR IMMEDIATE RELEASE

OCEANFIRST FINANCIAL CORP.
SCHEDULES EARNINGS CONFERENCE CALL


TOMS RIVER, NEW JERSEY, September 25, 2006…OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the quarter ended September 30, 2006 at approximately 4:00 p.m. on Thursday, October 19, 2006. Management will then conduct a conference call at 11:00 a.m. Eastern Time, on Friday, October 20, 2006, to discuss highlights of the Company's third quarter operating performance.

The direct dial number for the call is (877) 407-8035. For those unable to participate in the conference call, a replay will be available. To access the replay, dial (877) 660-6853, Account #286, Conference ID #215336, from one hour after the end of the call until midnight (Eastern Time) on Friday, October 27, 2006.

The conference call will also be available via the Internet by accessing the Company's Web address: www.oceanfirst.com - Investor Relations. Web users should go to the site at least fifteen minutes prior to the call to register, download and install any necessary audio software. The webcast will be available for 90 days.

OceanFirst Financial Corp.'s subsidiary, OceanFirst Bank, founded in 1902, is a federally-chartered stock savings bank with $2.1 billion in assets and nineteen branches located in Ocean, Monmouth and Middlesex counties, New Jersey. The Bank is the largest and oldest community-based financial institution headquartered in Ocean County, New Jersey.

OceanFirst Financial Corp.'s press releases are available at no charge by visiting us on the worldwide web at http://www.oceanfirst.com.

Forward-Looking Statements

This news release contains certain forward-looking statements which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and the subsidiaries include, but are not limited to, changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area and accounting principles and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake – and specifically disclaims any obligation – to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact:
Michael J. Fitzpatrick
Chief Financial Officer
OceanFirst Financial Corp.
Tel: (732)240-4500, ext. 7506
Fax: (732)349-5070
email:Mfitzpatrick@oceanfirst.com
FOR IMMEDIATE RELEASE

OCEANFIRST FINANCIAL CORP.
SCHEDULES EARNINGS CONFERENCE CALL


TOMS RIVER, NEW JERSEY, June 22, 2006…OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the quarter ended June 30, 2006 at approximately 4:00 p.m. on Thursday, July 20, 2006. Management will then conduct a conference call at 11:00 a.m. Eastern Time, on Friday, July 21, 2006, to discuss highlights of the Company's second quarter operating performance.

The direct dial number for the call is (877) 407-8035. For those unable to participate in the conference call, a replay will be available. To access the replay, dial (877) 660-6853, Account #286, Conference ID #206646, from one hour after the end of the call until midnight (Eastern Time) on Friday, July 28, 2006.

The conference call will also be available via the Internet by accessing the Company's Web address: www.oceanfirst.com - Investor Relations. Web users should go to the site at least fifteen minutes prior to the call to register, download and install any necessary audio software. The webcast will be available for 90 days.

OceanFirst Financial Corp.'s subsidiary, OceanFirst Bank, founded in 1902, is a federally-chartered stock savings bank with $2.0 billion in assets and eighteen branches located in Ocean, Monmouth and Middlesex counties, New Jersey. The Bank is the largest and oldest community-based financial institution headquartered in Ocean County, New Jersey.

OceanFirst Financial Corp.'s press releases are available at no charge by visiting us on the worldwide web at http://www.oceanfirst.com.

Forward-Looking Statements

This news release contains certain forward-looking statements which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and the subsidiaries include, but are not limited to, changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area and accounting principles and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake – and specifically disclaims any obligation – to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact:
Michael J. Fitzpatrick
Chief Financial Officer
OceanFirst Financial Corp.
Tel: (732)240-4500, ext. 7506
Fax: (732)349-5070
email:Mfitzpatrick@oceanfirst.com


FOR IMMEDIATE RELEASE

OCEANFIRST FINANCIAL CORP.
SCHEDULES EARNINGS CONFERENCE CALL


TOMS RIVER, NEW JERSEY, March 29, 2006…OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the quarter ended March 31, 2006 at approximately 8:00 a.m. on Thursday, April 20, 2006. Management will then conduct a conference call at 11:00 a.m. Eastern Time, on Friday, April 21, 2006, to discuss highlights of the Company's first quarter operating performance.

The direct dial number for the call is (877) 407-8035. For those unable to participate in the conference call, a replay will be available. To access the replay, dial (877) 660-6853, Account #286, Conference ID #197832, from one hour after the end of the call until midnight (Eastern Time) on Friday, April 28, 2006.

The conference call will also be available via the Internet by accessing the Company's Web address: www.oceanfirst.com - Investor Relations. Web users should go to the site at least fifteen minutes prior to the call to register, download and install any necessary audio software. The webcast will be available for 90 days.

OceanFirst Financial Corp.'s subsidiary, OceanFirst Bank, founded in 1902, is a federally-chartered stock savings bank with $2.0 billion in assets and eighteen branches located in Ocean, Monmouth and Middlesex counties, New Jersey. The Bank is the largest and oldest community-based financial institution headquartered in Ocean County, New Jersey.

OceanFirst Financial Corp.'s press releases are available at no charge by visiting us on the worldwide web at http://www.oceanfirst.com.

Forward-Looking Statements

This news release contains certain forward-looking statements which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and the subsidiaries include, but are not limited to, changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area and accounting principles and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake – and specifically disclaims any obligation – to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact:
Michael J. Fitzpatrick
Chief Financial Officer
OceanFirst Financial Corp.
Tel: (732)240-4500, ext. 7506
Fax: (732)349-5070
email:Mfitzpatrick@oceanfirst.com




FOR IMMEDIATE RELEASE

OCEANFIRST FINANCIAL CORP.
SCHEDULES EARNINGS CONFERENCE CALL


TOMS RIVER, NEW JERSEY, January 9, 2006…OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the quarter ended December 31, 2005 at approximately 4:00 p.m. on Thursday, January 19, 2006. Management will then conduct a conference call at 11:00 a.m. Eastern Time, on Friday, January 20, 2006, to discuss highlights of the Company's fourth quarter operating performance.

The direct dial number for the call is (877) 407-8035. For those unable to participate in the conference call, a replay will be available. To access the replay, dial (877) 660-6853, Account #286, Conference ID #186836, from one hour after the end of the call until midnight (Eastern Time) on Friday, January 27, 2006.

The conference call will also be available via the Internet by accessing the Company's Web address: www.oceanfirst.com - Investor Relations. Web users should go to the site at least fifteen minutes prior to the call to register, download and install any necessary audio software. The webcast will be available for 90 days.

OceanFirst Financial Corp.'s subsidiary, OceanFirst Bank, founded in 1902, is a federally-chartered stock savings bank with $2.0 billion in assets and eighteen branches located in Ocean, Monmouth and Middlesex counties, New Jersey. The Bank is the largest and oldest community-based financial institution headquartered in Ocean County, New Jersey.

OceanFirst Financial Corp.'s press releases are available at no charge by visiting us on the worldwide web at http://www.oceanfirst.com.

Forward-Looking Statements

This news release contains certain forward-looking statements which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and the subsidiaries include, but are not limited to, changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area and accounting principles and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake – and specifically disclaims any obligation – to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact:
Michael J. Fitzpatrick
Chief Financial Officer
OceanFirst Financial Corp.
Tel: (732)240-4500, ext. 7506
Fax: (732)349-5070
email:Mfitzpatrick@oceanfirst.com




FOR IMMEDIATE RELEASE

OCEANFIRST FINANCIAL CORP.
TO ACCELERATE VESTING OF STOCK OPTIONS
AND ELIMINATE NEGATIVE IMPACT OF ADOPTING SFAS 123R
UPON RESULTS OF OPERATIONS


TOMS RIVER, NEW JERSEY, December 22, 2005…OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company of OceanFirst Bank, announced that its Board of Directors approved the accelerated vesting of 645,535 outstanding unvested stock options awarded to directors and officers of the Bank under the OceanFirst Financial Corp. 2000 Stock Option Plan. As a result of the accelerated vesting, these stock options, which otherwise would have vested from time to time through April 2010, became immediately exercisable.

Of the 645,535 stock options for which vesting will be accelerated 464,516, or 72%, are "in the money" options having exercise prices from $14.33 to $23.23. The remaining 181,019, or 28%, are "out of the money" options having exercise prices from $23.44 to $27.11. Based upon the December 21, 2005 closing price of the Company's common stock of $23.24 per share, the Company will recognize a pre-tax charge of $27,000 in the fourth quarter.

The acceleration of vesting was undertaken in an attempt to eliminate compensation expense that the Company would otherwise be required to recognize with respect to these unvested stock options upon adopting Financial Accounting Standards Board Statement No. 123 (Revised 2004), "Share-Based Payment" ("SFAS 123R"). Adoption of SFAS 123R is required on or before January 1, 2006, and will require that compensation expense associated with stock options unvested at December 31, 2005 be recognized in the Company's consolidated statement of operations. It is anticipated that the accelerated vesting of these options will eliminate potential pre-tax compensation expense recognition in future periods of approximately $2.3 million, of which $1.0 million would have been incurred during the year ending December 31, 2006.

OceanFirst Financial Corp.'s subsidiary, OceanFirst Bank, founded in 1902, is a federally-chartered stock savings bank with $2.0 billion in assets and eighteen branches located in Ocean, Monmouth and Middlesex counties, New Jersey. The Bank is the largest and oldest community-based financial institution headquartered in Ocean County, New Jersey.

OceanFirst Financial Corp.'s press releases are available at no charge by visiting us on the worldwide web at http://www.oceanfirst.com..

Forward-Looking Statements

This news release contains certain forward-looking statements which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and the subsidiaries include, but are not limited to, changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area and accounting principles and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake – and specifically disclaims any obligation – to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact:
 		Company:
Michael J. Fitzpatrick
Chief Financial Officer
OceanFirst Financial Corp.
Tel: (732)240-4500, ext. 7506
Fax: (732)349-5070
email:Mfitzpatrick@oceanfirst.com




FOR IMMEDIATE RELEASE

OCEANFIRST FINANCIAL CORP.
TO REPURCHASE 5%
OF OUTSTANDING COMMON STOCK


TOMS RIVER, NEW JERSEY, October 19, 2005…OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company of OceanFirst Bank, announced today its intention to repurchase in the open market up to 636,036 shares, or 5%, of its outstanding common stock (the "Repurchase Program").

The repurchase effort announced today is the twelfth repurchase program initiated by the Company in the nine years since conversion to the public form of ownership. The repurchase plan will begin upon consummation of the existing plan, announced in October 2003, which has 138,489 shares remaining to be purchased.

John R. Garbarino, Chairman, President and Chief Executive Officer of OceanFirst Financial Corp, stated, "The twelfth Repurchase Program continues management's commitment to effectively manage OceanFirst Financial Corp.'s capital efficiently and is a sound investment decision, benefiting the Company and its shareholders."

OceanFirst Financial Corp.'s subsidiary, OceanFirst Bank, found in 1902, is a federally-chartered stock savings bank serving the central coastal area of New Jersey with $2.0 billion in assets and eighteen branch offices. The Bank is the largest and oldest community-based financial institution headquartered in Ocean County, New Jersey.

OceanFirst Financial Corp.'s press releases are available at no charge by visiting us on the worldwide web at http://www.oceanfirst.com..

Forward-Looking Statements

This news release contains certain forward-looking statements which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and the subsidiaries include, but are not limited to, changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area and accounting principles and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake – and specifically disclaims any obligation – to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contacts:
Michael J. Fitzpatrick
Chief Financial Officer
OceanFirst Financial Corp.
Tel: (732)240-4500, ext. 7506
Fax: (732)349-5070
email:Mfitzpatrick@oceanfirst.com




FOR IMMEDIATE RELEASE

OCEANFIRST ANNOUNCES
PROMOTION OF VITO R. NARDELLI TO
EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER


TOMS RIVER, NEW JERSEY, September 13, 2005…Vito R. Nardelli has been designated to assume the position of Chief Operating Officer at OceanFirst Bank, a subsidiary of OceanFirst Financial Corp. (NASDAQ: OCFC). This appointment completes a management transition initiated by the Company almost two years ago. In June 2004, Mr. Nardelli joined OceanFirst Bank in the newly created position of Chief Sales Officer.

In making the announcement, John R. Garbarino, President, Chairman and Chief Executive Officer, said, “The appointment of Mr. Nardelli as our Chief Operating Officer completes the restructuring of our senior management team. In his brief tenure with OceanFirst, as the Chief Sales Officer Mr. Nardelli has quickly made an impact and become a key leader in the organization. The results of his efforts, particularly growing core deposits and fostering a seamless sales culture throughout OceanFirst, have contributed to the improved financial results of the Company over the last several quarters.”

Mr. Nardelli has almost 30 years of experience in financial services. Prior to joining OceanFirst in 2004, he was the Senior Vice President and Retail Banking Director for Trust Company Bank. Mr. Nardelli spent several years at Dime Savings Bank as the Senior Vice President and Division President. During his career he also held several leadership positions at First Union National Bank including Senior Executive, having previously served as President of the Central New Jersey region. Additionally in the early 1990s, Mr. Nardelli served the public sector as the Executive Director of the New Jersey Economic Development Authority.

Mr. Nardelli is an active volunteer with several charitable, civic and educational causes, including: March of Dimes, Boy Scouts, Fordham University Advisory Boards and New Brunswick Development Corporation. He is a graduate of Fordham University where he received his BS and JD degrees. He received an MBA in Executive Management from St. John's University. Mr. Nardelli is also a retired Lieutenant Colonel in the United States Air Force Reserve. He and his wife, Nancy, have three children.

OceanFirst Financial Corp.'s subsidiary, OceanFirst Bank, founded in 1902, is a federally chartered stock savings bank with $2.0 billion in assets and eighteen branches serving Ocean, Monmouth and Middlesex Counties in New Jersey. The Bank is the largest and oldest community-based financial institution headquartered in Ocean County, New Jersey..

OceanFirst Financial Corp.'s press releases are available at no charge online at oceanfirst.com.

Forward-Looking Statements

This news release contains certain forward-looking statements which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and the subsidiaries include, but are not limited to, changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area and accounting principles and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake – and specifically disclaims any obligation – to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contacts:
Michael J. Fitzpatrick
Chief Financial Officer
OceanFirst Financial Corp.
Tel: (732)240-4500, ext. 7506
Fax: (732)349-5070
email:Mfitzpatrick@oceanfirst.com




FOR IMMEDIATE RELEASE

OCEANFIRST FINANCIAL CORP.
ELECTS JOSEPH J. BURKE AS DIRECTOR


TOMS RIVER, NEW JERSEY, January 19, 2005…OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, announced today that the Board of Directors has elected Joseph J. Burke, CPA to serve as director for the unexpired term of the Board position held by Fredrick E. Schlosser who was elected Director Emeritus.

Mr. Burke holds a M.B.A. degree from Rutgers University and a B.A. degree from Seton Hall University. He spent over 30 years in the Financial Services Practice of KPMG LLP, one of the country's largest accounting firms, prior to his retirement last September. He is a member of the American Institute of Certified Public Accountants, the New York and New Jersey Societies of Public Accountants and the New York/New Jersey Chapter of the Financial Managers Society.

In addition to his professional affiliations, Mr. Burke is an active member of the community. He has been active with the Monmouth County ARC, the Special Olympics and Family Resource Associates. He has also been active in the alumni associations of Seton Hall University and Christian Brothers Academy.

Mr. Burke resides in Spring Lake, New Jersey with his wife Jeanne and their four children.

John R. Garbarino, Chairman, President and Chief Executive Officer, commenting on today's announcement said, "We are pleased to have Joe Burke on our Board of Directors and look forward to his advice and counsel. His dedication to the Financial Services Industry and knowledge of the Central Jersey Shore market will be a valuable asset to our community-focused financial services organization. I join the Board in congratulating our longtime friend and associate, Frederick E. Schlosser on his election as Director Emeritus. For 37 years, Fred has faithfully served the Company as a Director, making innumerable contributions to the growth and success of our organization. We all express our gratitude to Fred and wish him many years of health and happiness."

OceanFirst Financial Corp.'s subsidiary, Ocean First Bank, founded in 1902, is a federally chartered stock savings bank with $1.9 billion in assets and seventeen branches serving Ocean, Monmouth and Middlesex Counties in New Jersey. The Bank is the largest and oldest community-based financial institution headquartered in Ocean County, New Jersey.

OceanFirst Financial Corp.'s press releases are available at no charge by visiting us on the worldwide web at http://www.oceanfirst.com.

Forward-Looking Statements

This news release contains certain forward-looking statements, which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and the subsidiaries include, but are not limited to, changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area and accounting principles and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake - and specifically disclaims any obligation - to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact:
The Foristall Company, Inc.
Thomas F. Curtin
Tel: (610)398-3022
Fax: (610)530-7781
email:foristal@aol.com
Company:
Michael J. Fitzpatrick
Chief Financial Officer
OceanFirst Financial Corp.
Tel: (732)240-4500, ext. 7506
Fax: (732)349-5070
email:Mfitzpatrick@oceanfirst.com





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