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Ocean Shore Holding

Full company profile

uuid003jw8x

Namestring
Ocean Shore Holding
Websiteurl
ochome.com
Company typeenum
Private
Founded yearint
1887
Short descriptiontext

Former federally chartered mutual holding company parent of OC Financial, a community savings institution serving the Ocean City, New Jersey market. Founded in 1887, the entity previously traded on NASDAQ under OSHC before being delisted, and is no longer operational.

Operating statusenum
Closed
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersOcean City, United States
HQ citystring
Ocean City
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
community savings bank, mutual holding company, residential lending, retail deposit banking, thrift institution
SIC code1 code
  • Savings Institution, Federally Chartered6035
Product category
Community Savings Banking
No data
Cost components4 values
Personnel, Operations, Infrastructure, Others
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Ocean Shore Holding was the federally chartered mutual holding company parent of a community savings institution (OC Financial / Ocean City Home Savings) that historically served retail depositors and borrowers in the Ocean City, New Jersey market. Its underlying business centered on gathering consumer deposits and originating residential and consumer loans from a single branch at 1001 Asbury Avenue.

Differentiator
Functional benefit
Problem solved
No data
Peers10 records
TypeDirect peer
Description

New Jersey-headquartered savings bank holding company operating a community banking franchise. Comparable in scale, charter type, and New Jersey market focus to Ocean Shore Holding.

TypeDirect peer
Description

New Jersey community bank holding company operating BCB Bank with a similar community-bank scale and lending/deposit franchise in northern/central New Jersey. Comparable as a small-cap NJ community-bank holding company peer.

TypeDirect peer
Description

New Jersey-based mutual holding company structure for Kearny Bank, a community-focused savings institution. Comparable to Ocean Shore Holding in its federal mutual holding company organization and New Jersey retail banking footprint.

TypeDirect peer
Description

New Jersey-headquartered bank holding company for Provident Bank, a community and commercial banking franchise. Comparable as a New Jersey-domiciled bank holding company with overlapping community banking activities.

TypeDirect peer
Description

New Jersey-based bank holding company operating 1st Constitution Bank with branches across central New Jersey. Comparable as a small-cap NJ community-bank holding company peer with similar deposit and lending activities.

TypeDirect peer
Description

New Jersey-based savings bank holding company serving consumer and business banking customers throughout the state. Comparable as a New Jersey savings institution holding company of similar community-bank character.

TypeDirect peer
Description

New Jersey community bank holding company operating Two River Community Bank with branches in central New Jersey. Comparable as a small-cap NJ community-bank holding company peer.

TypeBroad incumbent
Description

New Jersey-based bank holding company operating Lakeland Bank with a broader multi-county NJ footprint. Comparable as a larger NJ community/commercial bank holding company serving overlapping Shore-area markets.

TypeDirect peer
Description

New Jersey-based bank holding company operating a community/savings bank franchise across central and southern New Jersey coastal markets. Directly comparable to Ocean Shore Holding as a publicly traded NJ community-bank holding company serving similar Shore-area deposit and lending markets.

TypeDirect peer
Description

New Jersey-based bank holding company operating a community and commercial banking franchise in northern and central New Jersey. Comparable as a NJ-domiciled community-bank holding company of similar scale.

Market position
Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Ocean Shore Holding

Community Savings Bankingochome.com

Former federally chartered mutual holding company parent of OC Financial, a community savings institution serving the Ocean City, New Jersey market. Founded in 1887, the entity previously traded on NASDAQ under OSHC before being delisted, and is no longer operational.

Ocean Shore Holding firmographics

Firmographics
Name
Ocean Shore Holding
Website
https://ochome.com
Company type
Private
Founded year
1887
Operating status
Closed
Headcount range
51–100 employees
Short description
Former federally chartered mutual holding company parent of OC Financial, a community savings institution serving the Ocean City, New Jersey market. Founded in 1887, the entity previously traded on NASDAQ under OSHC before being delisted, and is no longer operational.
Ownership category
akta.pro rank

Where Ocean Shore Holding is headquartered

Location

Headquarters

HQ city
Ocean City
HQ country
United States
HQ region
North America

Markets served

Ocean Shore Holding business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Others

Ocean Shore Holding product offering

Product offering

Core offering

Ocean Shore Holding was the federally chartered mutual holding company parent of a community savings institution (OC Financial / Ocean City Home Savings) that historically served retail depositors and borrowers in the Ocean City, New Jersey market. Its underlying business centered on gathering consumer deposits and originating residential and consumer loans from a single branch at 1001 Asbury Avenue.

Differentiator

Problem solved

Functional benefit

Companies that use Ocean Shore Holding

Customer profile

Ideal customer profiles1 record

Ocean Shore Holding technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Ocean Shore Holding competitors and assessment

Company assessment

Direct peers

  • Northfield Bancorp, Inc. New Jersey-headquartered savings bank holding company operating a community banking franchise. Comparable in scale, charter type, and New Jersey market focus to Ocean Shore Holding.
  • BCB Bancorp, Inc. New Jersey community bank holding company operating BCB Bank with a similar community-bank scale and lending/deposit franchise in northern/central New Jersey. Comparable as a small-cap NJ community-bank holding company peer.
  • Kearny Financial Corp. New Jersey-based mutual holding company structure for Kearny Bank, a community-focused savings institution. Comparable to Ocean Shore Holding in its federal mutual holding company organization and New Jersey retail banking footprint.
  • Provident Financial Services, Inc. New Jersey-headquartered bank holding company for Provident Bank, a community and commercial banking franchise. Comparable as a New Jersey-domiciled bank holding company with overlapping community banking activities.
  • 1st Constitution Bancorp: New Jersey-based bank holding company operating 1st Constitution Bank with branches across central New Jersey. Comparable as a small-cap NJ community-bank holding company peer with similar deposit and lending activities.
  • Investors Bancorp, Inc. New Jersey-based savings bank holding company serving consumer and business banking customers throughout the state. Comparable as a New Jersey savings institution holding company of similar community-bank character.
  • Two River Bancorp: New Jersey community bank holding company operating Two River Community Bank with branches in central New Jersey. Comparable as a small-cap NJ community-bank holding company peer.
  • OceanFirst Financial Corp. New Jersey-based bank holding company operating a community/savings bank franchise across central and southern New Jersey coastal markets. Directly comparable to Ocean Shore Holding as a publicly traded NJ community-bank holding company serving similar Shore-area deposit and lending markets.
  • ConnectOne Bancorp, Inc. New Jersey-based bank holding company operating a community and commercial banking franchise in northern and central New Jersey. Comparable as a NJ-domiciled community-bank holding company of similar scale.

Broad incumbents

  • Lakeland Bancorp, Inc. New Jersey-based bank holding company operating Lakeland Bank with a broader multi-county NJ footprint. Comparable as a larger NJ community/commercial bank holding company serving overlapping Shore-area markets.

Market position

Customer concentration

Ocean Shore Holding financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Ocean Shore Holding leadership team

Management profile

Number of profiles

Profiles5 records

Ocean Shore Holding funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Ocean Shore Holding M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ocean Shore Holding

What does Ocean Shore Holding do?

Ocean Shore Holding was the federally chartered mutual holding company parent of a community savings institution (OC Financial / Ocean City Home Savings) that historically served retail depositors and borrowers in the Ocean City, New Jersey market. Its underlying business centered on gathering consumer deposits and originating residential and consumer loans from a single branch at 1001 Asbury Avenue.

When was Ocean Shore Holding founded?

Ocean Shore Holding was founded in 1887. It employs 51 to 100 people.

Where is Ocean Shore Holding based?

Ocean Shore Holding is headquartered in Ocean City, United States, in the North America region.

Who are Ocean Shore Holding's main competitors?

Direct peers on record are Northfield Bancorp, Inc., BCB Bancorp, Inc., Kearny Financial Corp., Provident Financial Services, Inc., 1st Constitution Bancorp, Investors Bancorp, Inc., Two River Bancorp, OceanFirst Financial Corp. and ConnectOne Bancorp, Inc.. Lakeland Bancorp, Inc. is listed as a broad incumbent.

Does Ocean Shore Holding have an API?

No public API is recorded for Ocean Shore Holding.

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Live signals
GlobeNewswireOceanFirst Financial Corp. and Ocean Shore Holding Co. Receive Stockholder Approvals for MergerOceanFirst Financial Corp. and Ocean Shore Holding Co. received stockholder approvals for their merger, with regulatory approvals also obtained. The combined entity is expected to have $5.3 billion in assets and $4.0 billion in loans, and the deal is expected to close on November 30, 2016.PR NewswireOcean Shore Holding Co. Reports 3rd Quarter EarningsOcean Shore Holding Co. reported net income of $1,701,000 for the third quarter ended September 30, 2016, matching the previous year's figure, while total assets grew by 5.1% to $1,096.9 million. The company is currently seeking regulatory approvals to complete its merger with OceanFirst Financial Corp., aiming to combine their franchises.PR NewswireOcean Shore Holding Co. Announces Quarterly Cash DividendOcean Shore Holding Co.'s Board of Directors declared a quarterly cash dividend of $0.06 per share, payable on or about November 25, 2016 to stockholders of record as of November 4, 2016. The company is the parent holding company of Ocean City Home Bank, a full-service community bank headquartered in Ocean City, New Jersey with eleven branches across southeastern New Jersey.PR NewswireOcean Shore Holding Co. Reports 2nd Quarter EarningsOcean Shore Holding Co. reported Q2 2016 net income of $1.78 million ($0.28 per diluted share), a 2.1% increase from $1.74 million in Q2 2015, with net interest income rising 4.4% to $7.4 million and net interest margin expanding 12 basis points to 3.28%. Total assets remained essentially flat at $1.04 billion, while non-performing assets declined to $5.8 million from $7.5 million at year-end 2015. CEO Steven E. Brady noted the company's pending affiliation with OceanFirst Financial, combining the two regional franchises.PR NewswireOcean Shore Holding Co. Announces Quarterly Cash DividendOcean Shore Holding Co. announced a quarterly cash dividend of $0.06 per share, payable on August 26, 2016 to stockholders of record as of August 5, 2016. The company is the parent entity of Ocean City Home Bank, which operates branches in southeastern New Jersey.PR NewswireShareholder Alert: The Law Offices of Vincent Wong Launches an Investigation of the Board of Directors of Ocean Shore Holding Co. Regarding the Sale of the Company to Oceanfirst Financial Corp. - OSHCThe Law Offices of Vincent Wong announced an investigation into the Board of Directors of Ocean Shore Holding Co. regarding the company's sale to OceanFirst Financial Corp. The investigation concerns whether the board breached fiduciary duties by failing to adequately shop the company before entering into the transaction, and whether OceanFirst is underpaying for Ocean Shore Holding shares. Under the deal terms, Ocean Shore Holding shareholders would receive $4.35 in cash and 0.9667 shares of OceanFirst for each share of their stock.PR NewswireSHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Whether the Sale of Ocean Shore Holding Co. to Oceanfirst Financial Corp. is Fair to Shareholders - OSHCLevi & Korsinsky, LLP has commenced an investigation into the fairness of Ocean Shore Holding Co.'s sale to OceanFirst Financial Corp. for $4.35 in cash and 0.9667 shares of OceanFirst stock per share. The law firm is notifying shareholders who purchased Ocean Shore stock prior to July 13, 2016, regarding their potential rights in this legal action.PR NewswireOCEAN SHORE HOLDING INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Ocean Shore Holding Co.Kahn Swick & Foti, LLC (KSF), a law firm co-founded by former Louisiana Attorney General Charles C. Foti, Jr., announced an investigation into the proposed acquisition of Ocean Shore Holding Co. by OceanFirst Financial Corp., questioning whether the merger consideration of $4.35 cash plus 0.9667 shares per share adequately values the company. KSF is seeking to determine whether the transaction process and consideration adequately protect Ocean Shore shareholders. The law firm is offering to discuss legal rights with shareholders who may have concerns about the proposed sale terms.GlobeNewswireOceanFirst Financial Corp. Announces Agreement to Acquire Ocean Shore Holding Co.; OceanFirst To Strengthen Franchise and Become Fourth Largest New Jersey Based Banking Institution by Deposit Market SOceanFirst Financial Corp. agreed to acquire Ocean Shore Holding Co., merging Ocean City Home Bank into OceanFirst Bank. The deal is valued at $145.6 million, with shareholders receiving $4.35 cash and 0.9667 shares per Ocean Shore share. Closing is expected in late 2016 or early 2017.PR NewswireSHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not Be in the Best Interest of Investors of Ocean Shore Holding Co. - OSHCPomerantz LLP is investigating whether Ocean Shore Holding Co. directors are breaching fiduciary duties by approving a merger with OceanFirst Financial Corporation that may undervalue shareholders. The proposed transaction offers $4.35 in cash and 0.9667 shares of OceanFirst stock per share, which analysts note is below recent target prices and comparable deal metrics.