TITLE

Delay Thwarts N.J. Bank Deal

AUTHOR(S)
McGeer, Bonnie
PUB. DATE
December 2009
SOURCE
American Banker;12/18/2009, Vol. 174 Issue F318, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author reports that OceanFirst Financial Corp. will not buy Central Jersey Bancorp due to a delay in obtaining regulatory approval. The sale was to have been an all-stock deal. The companies issued a joint statement of their continuing desire to merge, but mentioned that waiting too long for regulatory approval is not in either company's best interest.
ACCESSION #
46820809

 

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