OceanFirst Bank revealed the locations of 20 branches it plans to close, including 10 in South Jersey.
The closures listed in a filing with the Office of the Comptroller of the Currency include two in Gloucester County, one each in Burlington, Camden and Cumberland counties and five combined in the Jersey Shore counties of Atlantic and Cape May. Here is the list of impacted South Jersey sites:
- 741 Route 73 South, Marlton
- 1320 Black Horse Pike, Glendora
- 141 Egg Harbor Road, Sewell
- 890 Mantua Pike, Woodbury Heights
- 1234 W. Landis Blvd., Vineland
- 320 E. Jimmie Leeds Road, Galloway
- 2251 Ocean Heights Ave., Egg Harbor Township
- 105 Roosevelt Blvd., Marmora
- 1899 Bayshore Road, Villas
- 3101 New Jersey Ave., Wildwood
During an investor day presentation last month, Toms River, New Jersey-based parent company OceanFirst Financial Corp. (NASDAQ: OCFC) said it would shutter 20 of its existing 58 branches by early next year and reinvest much of the savings into expanding its commercial banking operations into new markets and growing its centralized call center operations in Toms River. The bank also agreed to sell two North Jersey branches to First Bank.
*Article courtesy of Philadelphia Business Journal
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