Oceanfirst Financial (OCFC) Raises Quarterly Dividend 13.3% to $0.17; 2.7% Yield
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Oceanfirst Financial (OCFC) to Acquire Capital Bank of New Jersey
October 25, 2018 5:16 PM EDTOceanFirst Financial Corp. (NASDAQ: OCFC), parent company of OceanFirst Bank N.A., and Capital Bank of New Jersey (OTC Pink: CANJ) are pleased to jointly announce that OceanFirst and Capital Bank have entered into a definitive agreement pursuant to which Capital Bank will merge into OceanFirst Bank in an all-stock transaction. The transaction is valued at approximately $31.33 per Capital Bank common share or approximately $80.0 million in the aggregate (including options) based on OceanFirsts closing stock price of $25.06 as of October 25, 2018.
Founded in 2007, Capital Bank... More
