OceanFirst Bank Mergers and Acquisitions Summary

Financial ServicesCompany

OceanFirst Bank has acquired 4 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms.

OceanFirst Bank’s largest acquisition to date was in 2017, when it acquired Sun Bancorp for $487M. OceanFirst Bank has acquired in 2 different US states. The Company’s most targeted sectors include financial services (75%) and business services (25%).

Join Mergr and gain access to OceanFirst Bank’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the financial services sector.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 6

OceanFirst Bank

OceanFirst Financial Corp.

110 West Front Street,
Red Bank, New Jersey 07701
United States,
(732) 240-4500
www.oceanfirst.com

OceanFirst Bank is a federally chartered stock savings bank with $2.2 billion in assets and is the largest community based financial institution headquartered in Ocean County. OceanFirst Bank was founded in 1902 and is based in Red Bank, New Jersey.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.2/yr) # 3 - - - - 1 4
vol $704M $704M
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
Trident Abstract Title Agency LLC 2022-02-03 - Add-on Acquisition
Wall, New Jersey · www.tridentabstract.com
Sun Bancorp Inc. 2017-06-30 487M USD Add-on Acquisition
Mount Laurel, New Jersey · www.sunnb.com
Cape Bancorp, Inc. 2016-05-02 206M USD Add-on Acquisition
Cape May Court House, New Jersey · www.capebankonline2.com
Colonial American Bank 2015-02-25 11M USD Add-on Acquisition
Horsham, Pennsylvania · www.colonialamericanbank.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 3 (75%) 704M (100%) - -
Business Services 1 (25%) - - -
Total 4 $704M - -

By Geo

State/Country Buy Value Sell Value
United States 4 704M - -
  New Jersey 3 693M - -
  Pennsylvania 1 11M - -
Total 4 $704M - -

Top M&A Advisors

Financial Deals
Sterne Agee LLC
1
Turk & Co.
1
Sandler O'Neill + Partners LP
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom LLP
2
Windels Marx Lane & Mittendorf LLP
1
Giordano, Halleran & Ciesla, P.C.
1

Deal Values

buy # Total
$100M to $1B 2 $693M
< $100M 1 $11M
TOTAL $704M
Largest Sun Bancorp Inc.
$487M (2017-06-30)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)

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