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OceanFirst buying spree hits snag, as deal with Maryland bank dies

in Toms River News

TOMS RIVER – OceanFirst Financial Corp.’s steady march along the Atlantic seaboard has been paused.

OceanFirst and Partners Bancorp, based in Salisbury, Maryland, said this week they would terminate their merger agreement, ending a deal that was first announced a year ago.

Christopher Maher, OceanFirst’s chief executive officer, told S&P Global Market Intelligence that it was taking longer to get regulatory approval than expected.

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