Oceanfirst Financial Corp. · NASDAQ:OCFC
Oceanfirst Financial — Shareholder Meeting (May 2009)
12 slides from Oceanfirst Financial's shareholder meeting presentation, May 7, 2009
Slide 1: Welcome to the 2009 Annual Meeting of Shareholders
OceanFirst Financial Corp. MAY 7, 2009 EXHIBIT 99.1 WELCOME TO THE 2009 ANNUAL MEETING OF SHAREHOLDERS
Slide 2: Forward-looking statements
This presentation contains certain forward-looking statements which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “esti
Slide 3: Annual Shareholder Meeting - John R. Garbarino
Annual Shareholder Annual Shareholder Meeting Meeting John R. Garbarino John R. Garbarino Chairman of the Board, President and Chairman of the Board, President and Chief Executive Officer Chief Executive Officer
Slide 4: OceanFirst Strategy for Treasury Capital Purchase Program Investment
OceanFirst Strategy OceanFirst Strategy for Treasury, Capital for Treasury, Capital Purchase Program (CPP) Purchase Program (CPP) Investment Investment Vito R. Nardelli Vito R. Nardelli Executive Vice President Executive Vice President and Chief Operating Officer and Chief Operating Officer
Slide 5: U.S. Treasury Investment of $38.3 Million in Preferred Stock and Warrants
U.S. Treasury Investment of $38.3 Million in Preferred Stock and Common Stock Warrants (380,853) in Healthy Banks January 2009 Investment Funds Received Bolster Capital for Unforeseen Events or Emerging Opportunities and Stimulate Local Lending OceanFirst Strategy for CPP Funds OceanFirst Strategy f
Slide 6: Executed Plan to Deploy U.S. Treasury Funds
Executed Plan to Deploy U.S. Treasury Funds by Investing in Local Lending Commercial Residential Purchasing Government Guaranteed Residential Mortgage- Backed Securities Immediate Objective to Cover Dilutive Effect of Investment OceanFirst Strategy for CPP Funds OceanFirst Strategy for CPP Funds How
Slide 7: Strategy for CPP Funds: How Does This Impact Performance Now?
OceanFirst Strategy for CPP Funds OceanFirst Strategy for CPP Funds How does this Impact How does this Impact OceanFirst Performance OceanFirst Performance Now ? Now ?
Slide 8: Lending pipeline and closings by quarter
1 Qtr 2008 1 Qtr 2009 Commercial Lending Pipeline $69.7 million $118.9 million Closings $12.3 million $22.3 million Residential Mortgage Applications $96.5 million $166.6 million Closings $60.8 million $87.7 million Consumer Lending & Small Business Applications 435 516 Closings $12.9 million $13.2
Slide 9: Going Forward – Working as Intended
Going Forward – Working as Intended Substantial Capital for Continued Lending Weather Potential Economic Storms Capitalize on Opportunities within our Market Repay U.S. Treasury Funds – As Soon as Practicable! OceanFirst Strategy for CPP Funds OceanFirst Strategy for CPP Funds • • •
Slide 10: Annual Shareholder Meeting - John R. Garbarino
Annual Shareholder Annual Shareholder Meetin g Meetin g John John R. R. Garbarin o Garbarin o Chairman of the Board, President and Chairman of the Board, President and Chief Executive Officer Chief Executive Officer
Slide 11: 2009 Annual Meeting of Shareholders
OceanFirst Financial Corp. MAY 7, 2009 2009 ANNUAL MEETING OF SHAREHOLDERS
Slide 12: Thank You for Attending
OceanFirst Financial Corp. THANK YOU FOR ATTENDING THE 2009 ANNUAL MEETING OF SHAREHOLDERS
Oceanfirst Financial — Shareholder Meeting (May 2009) on 6ix