Two River Bancorp and OceanFirst Financial Corp. Announce Merger Agreement
TWO RIVER BANCORP COMMON (TRCB)
Last two river bancorp common earnings: 10/22 08:00 am
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US:NASDAQ Investor Relations:
investor.tworiverbank.com
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Source: GlobeNewswire
TINTON FALLS, N.J., Aug. 09, 2019 (GLOBE NEWSWIRE) -- Two River Bancorp (NASDAQ:TRCB) (“Two River”), parent company of Two River Community Bank, announced today the signing of a definitive merger agreement with OceanFirst Financial Corp. (NASDAQ:OCFC) (“OceanFirst”), parent company of OceanFirst Bank N.A. (“OceanFirst Bank”). Under the agreement, Two River Bancorp will merge into OceanFirst. Upon completion of the merger, Two River Community Bank will merge into OceanFirst Bank. The transaction is valued at approximately $20.79 per Two River common share or approximately $182.8 million in the aggregate based on OceanFirst’s closing stock price of $23.14 as of August 8, 2019. "I am excited by the prospects of uniting our company with OceanFirst, whose community banking approach and customer focus is highly consistent with the model that has made Two River successful. This combination will provide our customers with enhanced product and service offerings,” said William D. Moss, Two R
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