OceanFirst Bank Announces Appointment of Jeana M. Piscatelli, Senior Vice President and Director of Cash Management

RED BANK, N.J., April 09, 2018 (GLOBE NEWSWIRE) -- OceanFirst Bank N.A. (OceanFirst), the wholly owned subsidiary of OceanFirst Financial Corp. (NASDAQ:OCFC), announced Jeana M. Piscatelli has joined their team as Senior Vice President and Director of Cash Management. OceanFirst Bank introduced cash management services in 1999 and currently clients maintain over $1.5 billion in cash management deposits.

Ms. Piscatelli will implement overall strategy as well as manage the day-to-day functions for corporate cash management initiatives at OceanFirst. Ms. Piscatelli will develop and enhance corporate relationships throughout OceanFirst’s growing market area. Her office is located at the OceanFirst Administrative Offices in Red Bank, New Jersey.

Joseph J. Lebel, Executive Vice President and Chief Banking Officer said, “We are pleased to welcome Jeana Piscatelli to the OceanFirst team. Jeana is a seasoned banking professional. Her many years of banking experience, particularly related to cash management, will be a great asset to our growing program as well as our existing clients.”

Ms. Piscatelli joins OceanFirst after spending several years with J.P. Morgan’s Financial Institutions Group serving Banks and FinTech companies in the Mid-Atlantic region. Prior to J.P. Morgan, Ms. Piscatelli was the Director of Institutional Foreign Exchange at Wells Fargo Bank, NA.

A native of New Jersey, Ms. Piscatelli received a B.S. in Marketing and Finance as well as her M.B.A. and a Post-Master’s Certificate in Accounting from Monmouth University. Ms. Piscatelli is Vice-Chair of the Board of Trustees of Monmouth University and is involved in various community support programs furthering diversity and women’s leadership initiatives.

OceanFirst Bank, founded in 1902, is a community bank with $7.5 billion in assets and branches located throughout central and southern New Jersey. OceanFirst Bank delivers commercial and residential financing solutions, wealth management, and deposit services and is the largest and oldest community-based financial institution headquartered in Ocean County, New Jersey.

OceanFirst Financial Corp.'s press releases are available at http://www.oceanfirst.com.

Forward-Looking Statements

In addition to historical information, this news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 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," "estimate," "project," "will," "should," "may," "view," "opportunity," "potential," or similar expressions or expressions of confidence. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to: changes in interest rates, general economic conditions, levels of unemployment in the Bank’s lending area, real estate market values in the Bank’s lending area, future natural disasters and increases to flood insurance premiums, the level of prepayments on loans and mortgage-backed securities, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area and accounting principles and guidelines. These risks and uncertainties are further discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 and subsequent securities filings and should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Company Contact:

Jill Hewitt
Senior Vice President
OceanFirst Financial Corp.
Tel: (732)240-4500, ext. 7513
email: jhewitt@oceanfirst.com

Source:OceanFirst Financial Corp.