OceanFirst Foundation Pledges $500,000 in Grants for Storm Relief and Recovery Efforts at the Jersey Shore

TOMS RIVER, N.J., Nov. 14, 2012 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (Nasdaq:OCFC), the holding company for OceanFirst Bank, announced that OceanFirst Foundation pledged $500,000 to establish a Relief and Recovery Grant Program to assist the efforts of nonprofit organizations in the New Jersey shore market area that are helping local families impacted by the epic storm, Sandy.

The first three recipients of OceanFirst Foundation Relief and Recovery grants will each be awarded $50,000 to help meet the emergency basic needs of local families: The Foodbank of Monmouth and Ocean Counties, Neptune; St. Francis Center, Brant Beach; and Catholic Charities, Diocese of Trenton (Emergency Services). Individuals in the Jersey Shore area needing assistance or information about the first three recipients of OceanFirst Relief and Recovery Program Grants should contact the nonprofit organizations directly.

Nonprofit organizations that are assisting individuals and families impacted by the storm in the OceanFirst Bank market are invited to apply for grants of up to $25,000 from the OceanFirst Foundation Relief and Recovery Program and should visit www.oceanfirstfdn.org for details.

"As our local communities begin the slow path toward recovery from the devastating effects of the storm, we are committed to supporting the nonprofits in our service area that are helping our neighbors in need. We are inspired by the outpouring of generosity we have seen thus far, neighbor helping neighbor, and we are proud to be a part of the relief and recovery efforts," said John R. Garbarino, OceanFirst Chairman and CEO.

OceanFirst Financial Corp.'s subsidiary, OceanFirst Bank is a federally chartered stock savings bank with $2.3 billion in assets and twenty-four branches serving Ocean, Monmouth and Middlesex Counties in New Jersey. The Bank is the largest and oldest community-based financial institution headquartered in Ocean County, New Jersey.

Since its founding in 1902, OceanFirst Bank (www.oceanfirst.com) has built a solid reputation and legacy as a good neighbor and responsible corporate citizen. OceanFirst Bank's strong commitment to helping families, organizations, schools and communities throughout central New Jersey meet their financial needs has spanned several generations, reaching new heights in 1996 with the creation of OceanFirst Foundation (www.oceanfirstfdn.org) at the time of the Company's initial public offering. The Foundation provides grants to organizations that meet community needs within the OceanFirst market area. Since its inception, OceanFirst Foundation has contributed in excess of $23 million to over 600 local charities in Ocean, Monmouth and Middlesex counties.

CONTACT: Jill Hewitt Senior Vice President OceanFirst Bank Tel: (732) 240-4500, ext. 7513 Email: JAHewitt@oceanfirst.comSource:OceanFirst Financial Corp.