On Dec. 11, the holding company for OceanFirst Bank NA, OceanFirst Financial Corp., said it received all regulatory and shareholder approvals necessary related to its pending mergers with both Trenton-based Two River Bancorp and Country Bank Holdings Co. Inc.
OceanFirst announced the signing of two separate definitive merger agreements with the companies in August.
Regulatory approvals for the Two River Community Bank deal were already obtained and announced, but OceanFirst said it received requisite shareholder approval on Dec. 5. The bank said shareholder approval came through for the Country Bank merger on Dec. 10, the same day that the New York State Department of Financial Services approved the transaction.
OceanFirst said it expects to close both transactions on or about Jan. 1, 2020.
Two River Community Bank operates 14 branch locations and two loan production offices in Monmouth, Union, Essex and Ocean counties; as of Sept. 30 it had total assets of $1.1 billion. New York State-chartered Country Bank specializes in small business and commercial real estate lending with branches in Manhattan, Riverdale, Woodlawn and Scarsdale; as of Sept. 30 it had total assets of $7.86 million.
Based in Red Bank and founded in 1902, as of Sept. 30 OceanFirst had deposits of $8.1 billion.