About OceanFirst Bank
OceanFirst Bank is a company based in Toms River (United States) founded in 1902.. The company has 1,030 employees as of December 31, 2024. OceanFirst Bank has completed 7 acquisitions, including Capital Bank of New Jersey, Country Bank NY and Garden State Home Loans. OceanFirst Bank offers products and services including Checking Account, CDs, and Loans. OceanFirst Bank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Toms River, United States
- Employees 1030 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Oceanfirst Financial Corp.
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Annual Revenue
$688.08 M7.53as on Dec 31, 2024
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Net Profit
$100.06 M-3.82as on Dec 31, 2024
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EBITDA
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Latest Funding Round
$35 M (USD), Debt – Conventional
Sep 21, 2016
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Investors
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Employee Count
1030
as on Dec 31, 2024
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Investments & Acquisitions
Capital Bank of New Jersey
& 6 more
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IPO & Listings of OceanFirst Bank
OceanFirst Bank is a publicly listed company on the NASDAQ with ticker symbol OCFC in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of OceanFirst Bank
OceanFirst Bank offers a comprehensive portfolio of products and services, including Checking Account, CDs, and Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Account for daily transactions and deposits with online access.
Fixed-term deposits offering interest rates for secure savings.
Financial products for personal and business borrowing needs.
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Leadership Team
76 people
Software Development Team
24 people
Finance and Accounting
8 people
Operations Team
5 people
Sales and Marketing
5 people
Legal and Compliance
4 people
Commercial Team
3 people
Senior Team
2 people
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Funding Insights of OceanFirst Bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $35.0M
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First Round
First Round
(21 Sep 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2016 | Amount | Debt – Conventional - OceanFirst Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by OceanFirst Bank
OceanFirst Bank has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Capital Bank of New Jersey, Country Bank NY and Garden State Home Loans. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mortgage financing is provided via online applications for home buyers.
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2011 | ||||
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Commercial bank
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2005 | ||||
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Commercial bank
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - OceanFirst Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Oceanfirst Bank Comparisons
Competitors of OceanFirst Bank
OceanFirst Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking and wealth management services are offered globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Oceanfirst Bank
Frequently Asked Questions about OceanFirst Bank
When was OceanFirst Bank founded?
OceanFirst Bank was founded in 1902 and raised its 1st funding round 114 years after it was founded.
Where is OceanFirst Bank located?
OceanFirst Bank is headquartered in Toms River, United States. It is registered at Toms River, New Jersey, United States.
How many employees does OceanFirst Bank have?
As of Dec 31, 2024, the latest employee count at OceanFirst Bank is 1,030.
What is the annual revenue of OceanFirst Bank?
Annual revenue of OceanFirst Bank is $688.08M as on Dec 31, 2024.
What does OceanFirst Bank do?
OceanFirst Bank was established in 1902 and is based in Toms River, United States. As a commercial bank, deposits, loans, and related financial services are offered to individuals and businesses. Operations are centered on regional markets in the northeastern United States, with a focus on community-oriented banking practices. Standard retail and commercial products are managed through a network of branches and digital platforms.
Who are the top competitors of OceanFirst Bank?
What products or services does OceanFirst Bank offer?
OceanFirst Bank offers Checking Account, CDs, and Loans.
Is OceanFirst Bank publicly traded?
Yes, OceanFirst Bank is publicly traded on NASDAQ under the ticker symbol OCFC.
How many acquisitions has OceanFirst Bank made?
OceanFirst Bank has made 7 acquisitions, including Capital Bank of New Jersey, Country Bank NY, and Garden State Home Loans.
What is OceanFirst Bank's ticker symbol?
The ticker symbol of OceanFirst Bank is OCFC on NASDAQ.
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