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OceanFirst Bank
OceanFirst Bank N.A. is an American regional bank subsidiary of the U.S. financial services holding company OceanFirst Financial Corp. founded and headquartered in Ocean County, New Jersey, with operations throughout New Jersey, and in the major metropolitan markets of Philadelphia, New York City, Baltimore, Boston, Washington D.C. The company offers checking and savings accounts, online and mobile banking, residential mortgages, commercial financing, and treasury management. History When OceanFirst Bank opened its doors in 1902, it was founded as the Point Pleasant Building & Loan Association. In 1960, the name was changed to Ocean Federal Savings and Loan, establishing local operations until 1985 when business expansion took place into Middlesex County, New Jersey, Middlesex County, NJ. OceanFirst completed its initial public offering (IPO) converting from Mutual organization, mutual to Stock, stock ownership in 1996, which included establishing a holding company, OceanFirs ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Washington D
Washington most commonly refers to: * George Washington (1732–1799), the first president of the United States * Washington (state), a state in the Pacific Northwest of the United States * Washington, D.C., the capital of the United States ** A metonym for the federal government of the United States ** Washington metropolitan area, the metropolitan area centered on Washington, D.C. Washington may also refer to: Places England * Washington Old Hall, ancestral home of the family of George Washington * Washington, Tyne and Wear, a town in the City of Sunderland metropolitan borough * Washington, West Sussex, a village and civil parish Greenland * Cape Washington, Greenland * Washington Land Philippines *New Washington, Aklan, a municipality *Washington, a barangay in Catarman, Northern Samar *Washington, a barangay in Escalante, Negros Occidental *Washington, a barangay in San Jacinto, Masbate *Washington, a barangay in Surigao City United States * Fort Washington (disambiguati ...
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Banks Based In New Jersey
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancien ...
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Foundation (nonprofit)
A foundation (also referred to as a charitable foundation) is a type of nonprofit organization or charitable trust that usually provides funding and support to other charitable organizations through grants, while also potentially participating directly in charitable activities. Foundations encompass public charitable foundations, like community foundations, and private foundations, which are often endowed by an individual or family. Nevertheless, the term "foundation" might also be adopted by organizations not primarily engaged in public grantmaking. Description Legal entities existing under the status of "foundations" have a wide diversity of structures and purposes. Nevertheless, there are some common structural elements. * Legal requirements followed for establishment * Purpose of the foundation * Economic activity * Supervision and management provisions * Accountability and auditing provisions * Provisions for the amendment of the statutes or articles of incorporation * ...
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OceanFirst Bank Center
OceanFirst Bank Center (formerly Multipurpose Activity Center) is a multi-purpose student recreational facility at Monmouth University in West Long Branch, New Jersey. It was opened on August 26, 2009. It currently hosts the Monmouth Hawks basketball teams. It has a seating capacity of 4,100 spectators. It adjoins the William T. Boylan Gymnasium. The venue cost $57 million to construct. The facility was originally named the Multipurpose Activity Center until June 2016, when the university and OceanFirst Bank reached a $4 million agreement through 2036 that included the naming rights of the facility. The basketball court is named "Gaffney Court" in honor of former university president Vice Admiral Paul G. Gaffney II. See also * List of NCAA Division I basketball arenas This is a list of arenas that currently serve as the home venue for NCAA Division I college basketball teams. Conference affiliations reflect those in the 2024–25 season; all affiliation changes offic ...
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Monmouth University
Monmouth University is a private university in West Long Branch, New Jersey, United States. Founded in 1933 as Monmouth Junior College, it became Monmouth College in 1956 and Monmouth University in 1995 after receiving its university charter, charter. It enrolls about 4,660 undergraduate and 1,750 Graduate school, graduate students and employs 302 full-time faculty members. History Early years The school that would become Monmouth University was founded in 1933 as Monmouth Junior College, a two-year junior college under Dean Edward G. Schlaefer. Created in New Jersey during the Great Depression, Monmouth Junior College was intended by Schlaefer to provide an opportunity for higher education to high school graduates in Monmouth County, New Jersey, Monmouth County who could not afford to go away to college. The junior college did not have its own campus at the time of its founding and was housed at Long Branch High School in Long Branch, New Jersey, Long Branch. Due to sharing a ...
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Essex County, New Jersey
Essex County is located in the northeastern part of the U.S. state of New Jersey, and is one of the centrally located counties in the New York metropolitan area. As of the 2020 census, the county was the state's second-most populous county,Table1. New Jersey Counties and Most Populous Cities and Townships: 2020 and 2010 Censuses
. Accessed December 1, 2022.
with a population of 863,728,< ...
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Union County, New Jersey
Union County is a County (United States), county in the northern part of the U.S. state of New Jersey. As of the 2020 United States census, the county was the state's List of counties in New Jersey, seventh-most-populous countyTable1. New Jersey Counties and Most Populous Cities and Townships: 2020 and 2010 Censuses
New Jersey Department of Labor and Workforce Development. Accessed December 1, 2022.
with a population of 575,345, its highest United States census, decennial count ever and an increase of 38,846 (+7.2%) from the 2010 United States census, 2010 census count of 536,499. Its county seat is Elizabeth ...
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Monmouth County, New Jersey
Monmouth County () is a county located in the central portion of the U.S. state of New Jersey. It is bordered to its west by Mercer and Middlesex Counties, to its south by Ocean County, to its east by the Atlantic Ocean, and to its north by the Raritan Bay (sharing a border with the boroughs of Staten Island, Brooklyn, and Queens in New York City, across it). Monmouth County's geographic area comprises 30% water. The county is part of the Jersey Shore region of the state. It has also been categorized under the Central Jersey region, though it was not among the four counties explicitly listed as included in Central Jersey as part of legislation signed by Governor Phil Murphy into law in 2023. As of the 2020 United States census, the county was the state's fifth-most-populous county
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Sun National Bank
Sun National Bank was an American bank that is owned by holding company Sun Bancorp, Inc. (Nasdaq: SNBC) headquartered in Mount Laurel, New Jersey. The Bank served consumers and businesses through more than 30 branch locations in New Jersey, as well as commercial lending offices in New Jersey, Pennsylvania and New York. Sun National Bank was an Equal Housing Lender and it's deposits were insured up to the legal maximum by the Federal Deposit Insurance Corporation (FDIC). In 2015, the Bank announced a major rebrand initiative for Sun National Bank, as well as its financial planning subsidiary, Prosperis Financial Solutions. On January 31, 2018 OceanFirst Financial Corp acquired Sun Bancorp, Inc. The bank branches were rebranded and merged with OceanFirst Bank OceanFirst Bank N.A. is an American regional bank subsidiary of the U.S. financial services holding company OceanFirst Financial Corp. founded and headquartered in Ocean County, New Jersey, with operations throughout New ...
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Stock
Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all Seniority (financial), senior claims such as secured and unsecured debt), or Voting interest, voting power, often dividing these up in proportion to the number of like shares each stockholder owns. Not all stock is necessarily equal, as certain classes of stock may be issued, for example, without voting rights, with enhanced voting rights, or with a certain priority to receive profits or liquidation proceeds before or after other classes of Shareholder, shareholders. Stock can be bought and sold over-the-counter (finance), privately or on ...
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Mutual Organization
A mutual organization, also mutual society or simply mutual, is an organization (which is often, but not always, a company or business) based on the principle of mutuality and governed by private law. Unlike a cooperative, members usually do not directly contribute to the capital of the organization, but derive their right to profits and votes through their customer relationship. A mutual exists with the purpose of raising funds from its membership or customers (collectively called its ''members''), which can then be used to provide common services to all members of the organization or society. A mutual is therefore owned by, and run for the benefit of, its members – it has no external shareholders to pay in the form of dividends, and as such does not usually seek to maximize and make large profits or capital gains. Mutuals exist for the members to benefit from the services they provide and often do not pay income tax. Surplus revenue made will usually be re-invested in the ...
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