OceanFirst Financial Corp. Announces Receipt of Approvals for Pending Merger Transactions With Two River Bancorp and Country Bank Holding Company, Inc.

RED BANK, N.J., Dec. 11, 2019 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC) (“OceanFirst”), the holding company of OceanFirst Bank N.A., announced today that all regulatory approvals and all requisite shareholder approvals have been obtained in connection with OceanFirst’s pending merger transactions with each of Two River Bancorp (“Two River”) and Country Bank Holding Company, Inc. (“CYHC”).

Two River Transaction
On December 5, 2019, Two River received the requisite shareholder approval for the merger of Two River and OceanFirst that was announced on August 9, 2019 (the “Two River Transaction”). As previously announced, the required regulatory approvals for the Two River Transaction have been obtained. OceanFirst and Two River expect the Two River Transaction to close effective on or about January 1, 2020.

CYHC Transaction
On December 10, 2019, CYHC received the requisite shareholder approval for the merger of CYHC and OceanFirst that was announced on August 9, 2019 (the “CYHC Transaction”). Additionally, on December 10, 2019, the New York State Department of Financial Services approved the CYHC Transaction. As previously announced, the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency each approved the CYHC Transaction on November 15, 2019. OceanFirst and CYHC expect the CYHC Transaction to close effective on or about January 1, 2020.

About OceanFirst Financial Corp.
OceanFirst Financial Corp.’s subsidiary, OceanFirst Bank N.A., founded in 1902, is an $8.1 billion regional bank operating throughout New Jersey, metropolitan Philadelphia and metropolitan New York City.  OceanFirst Bank delivers commercial and residential financing solutions, trust and asset management and deposit services and is one of the largest and oldest community-based financial institutions headquartered in New Jersey.

About Two River Bancorp
Two River Bancorp is the holding company for Two River Community Bank, which is headquartered in Tinton Falls, New Jersey. Two River Community Bank operates 14 branches along with two loan production offices throughout Monmouth, Union, Essex, and Ocean Counties, New Jersey.

About Country Bank Holding Company, Inc.
Country Bank Holding Company, Inc. is the parent holding company for Country Bank, a New York State chartered commercial bank founded in 1988.  The bank is controlled by the Murphy Family and specializes in small business and commercial real estate lending. In 2015 it opened its flagship branch on 42^nd Street and Third Avenue in NYC.  The bank has additional branches in Midtown NYC, Riverdale, Woodlawn and Scarsdale.  The bank is a FDIC-insured full service commercial bank devoted to building relationships with their customers and the local communities that the branches reside in.