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