Oceanfirst Financial Corp. · NASDAQ:OCFC
Oceanfirst Financial — Merger or Acquisition (October 2018)
9 slides from Oceanfirst Financial's merger presentation, Oct 25, 2018
Slide 1: OceanFirst Financial Corp. Agreement to Acquire Capital Bank of New Jersey
Exhibit 99.1 . . . OceanFirst Financial Corp. Agreement to Acquire Capital Bank of New Jersey October 25, 2018Exhibit 99.1 . . . OceanFirst Financial Corp. Agreement to Acquire Capital Bank of New Jersey October 25, 2018
Slide 2: Forward Looking Statements
INVESTOR PRESENTATION . . . Forward Looking Statements This communication contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Thes
Slide 3: Important Additional Information
INVESTOR PRESENTATION . . . Important Additional Information ADDITIONAL INFORMATION ABOUT THE PROPOSED TRANSACTION This communication is being made in respect of the proposed transaction involving OceanFirst and Capital Bank. In connection with the proposed transaction, OceanFirst intends to file a
Slide 4: Transaction Rationale
INVESTOR PRESENTATION . . . Transaction Rationale Compelling • Acquisition of a high-performing, in-market franchise in Capital Bank Acquisition • Enhances OceanFirst’s presence in Cumberland, Atlantic and Gloucester counties and deepens ties to the Opportunity Philadelphia metropolitan area • Comme
Slide 5: Transaction Summary
INVESTOR PRESENTATION . . . Transaction Summary • 100% of the consideration paid in OceanFirst common stock Consideration • Capital Bank shareholders to receive OceanFirst shares based on a fixed exchange ratio of 1.25 shares of OceanFirst common stock per share of Capital Bank common stock; Capital
Slide 6: Capital Bank Acquisition Aligns with OceanFirst's Strategic Priorities
INVESTOR PRESENTATION . . . Capital Bank Acquisition Aligns with OceanFirst’s Strategic Priorities Objective OceanFirst Capital Bank Pro Forma • Operates in Cumberland, • Improve operating scale with • Premier community bank • Deepens OceanFirst’s market Atlantic, and Gloucester organic growth and s
Slide 7: Overview of Capital Bank of New Jersey
INVESTOR PRESENTATION . . . Overview of Capital Bank of New Jersey • Founded in 2007 by 27 South Jersey businesspeople, Capital Bank of New Jersey has 10+ years of operating history primarily in the southern counties of New Jersey • Operates 4 branches in the counties of Cumberland, Gloucester and A
Slide 8: Enhanced Pro Forma Market Share
INVESTOR PRESENTATION . . . Enhanced Pro Forma Market Share 1 New Jersey Deposit Market Share Select County Deposit Market Share Atlantic, NJ 2018 2018 2018 2018 $14.9 4.48% Investors Bancorp, Inc. Rank Deposits ($M) Branches DMS Pro Forma 1 1,298 12 24.1% Company $12.7 Valley National Bancorp 3.82%
Slide 9: Summary Transaction Merits
INVESTOR PRESENTATION . . . Summary Transaction Merits • Acquisition of a high-performing, in-market franchise in Capital Bank • Enhances OceanFirst’s presence in Cumberland, Atlantic, and Gloucester counties and deepens ties to the Philadelphia metropolitan area • Commercially-focused balance sheet
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