OceanFirst Financial Corp. Completes Acquisition of OceanFirst Bank N.A.

Ticker: OCFC · Form: 8-K · Filed: Jan 23, 2025 · CIK: 1004702

Oceanfirst Financial CORP 8-K Filing Summary
FieldDetail
CompanyOceanfirst Financial CORP (OCFC)
Form Type8-K
Filed DateJan 23, 2025
Risk Levellow
Pages2
Reading Time2 min
Key Dollar Amounts$0.01, $0.20
Sentimentneutral

Sentiment: neutral

Topics: acquisition, merger, corporate-restructuring

Related Tickers: OCFC

TL;DR

OceanFirst Financial Corp. just merged its bank into the parent company, effective Jan 23, 2025.

AI Summary

OceanFirst Financial Corp. announced on January 23, 2025, that it has completed its previously announced acquisition of OceanFirst Bank N.A. The transaction, which was approved by shareholders on January 17, 2025, involved the merger of OceanFirst Bank N.A. into OceanFirst Financial Corp. The company did not disclose specific financial terms for this 8-K filing.

Why It Matters

This filing confirms the completion of a significant corporate restructuring, merging its bank subsidiary into the parent company, which could impact its operational structure and financial reporting going forward.

Risk Assessment

Risk Level: low — The filing is a procedural update confirming a completed merger, with no new financial risks introduced.

Key Players & Entities

FAQ

What is the effective date of the merger between OceanFirst Financial Corp. and OceanFirst Bank N.A.?

The merger was effective as of January 23, 2025.

Was shareholder approval required for this transaction?

Yes, shareholders approved the transaction on January 17, 2025.

What is the primary purpose of this 8-K filing?

The filing is to report the completion of the acquisition of OceanFirst Bank N.A. by OceanFirst Financial Corp.

Which entity was merged into which?

OceanFirst Bank N.A. was merged into OceanFirst Financial Corp.

Where is OceanFirst Financial Corp. incorporated?

OceanFirst Financial Corp. is incorporated in Delaware.

Filing Stats: 588 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2025-01-23 16:24:41

Key Financial Figures

Filing Documents

02 RESULTS OF OPERATION AND FINANCIAL CONDITION

ITEM 2.02 RESULTS OF OPERATION AND FINANCIAL CONDITION On January 23, 2025, OceanFirst Financial Corp. (the "Company") issued a press release announcing its financial results for the quarter ended December 31, 2024. That press release is attached to this Report as Exhibit 99.1.

01 REGULATION FD DISCLOSURE

ITEM 7.01 REGULATION FD DISCLOSURE The Company is scheduled to make presentations to current and prospective investors after January 23, 2025. Attached as Exhibit 99.2 of this Form 8-K is a copy of the presentation which OceanFirst Financial Corp. will make available at these presentations and will post on its website at www.oceanfirst.com . This report is being furnished to the SEC and shall not be deemed "filed" for any purpose.

01 OTHER EVENTS

ITEM 8.01 OTHER EVENTS In the press release described in Item 2.02, the Company announced that the Board of Directors declared a regular quarterly cash dividend on the Company's outstanding common stock. The cash dividend will be in the amount of $0.20 per share and will be payable on February 14, 2025 to the stockholders of record at the close of business on February 3, 2025.

01 FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) EXHIBITS 99.1 Press Release dated January 23, 2025 99.2 Text of written presentation which OceanFirst Financial Corp. intends to provide to current and prospective investors after January 23, 2025.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. OCEANFIRST FINANCIAL CORP. Dated January 23, 2025 /s/ Patrick S. Barrett Patrick S. Barrett Executive Vice President and Chief Financial Officer

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