OceanFirst Bank is headquartered in TOMS RIVER and is the 3rd largest bank in the state of New Jersey. It is also the 132nd largest bank in the nation. It was established in 1902 and as of March of 2025, it had grown to 965 employees at 43 locations. OceanFirst Bank's money market rates are 7X the national average, and it has an A health rating.
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11 Month CD 3.69% Rate, 3.75% APY*
Horrible Bank
Terrible bank. Every single time I go there for some kind of transaction, no matter what kind, they always tell me it can't be done. They're always saying "the rules have changed". This bank makes everything harder for their customers, instead of easier. It's no longer convenient. They are no longer interested in average individual account. holders. They've gone commercial and want big money only. It's OceanFirst, people second. They're showing all the earmarks of overextending & appear to be in trouble by closing branches & forcing people to bank by ATM or video teller machines (which no one uses). The employees all have long faces & are unhappy. When I make comments about it being more difficult & not convenient, the employees all agree with me & tell me they're not happy with the changes either. I've slowly been moving all my accounts out of there to other institutions. Only 2 more accounts left to move.
Awful Experience
If there was less than one star I would give it.
40 minutes on phone to address an online access issue to know avail, just to get hung up on.
Customer service person i spoke to was totally clue less. Have had a business account with OF for several years. That will end tomorrow.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 28359 |
| Year Established | 1902 |
| Employees | 965 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.69% |
| Return on Equity - YTD | 5.38% |
| Annual Interest Income | $153.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $13.22B$13.31B |
| Loans | Q1 2025vs Q1 2024 | $10.07B$10.07B |
| Deposits | Q1 2025vs Q1 2024 | $10.31B$10.3B |
| Equity Capital | Q1 2025vs Q1 2024 | $1.7B$1.66B |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $78.8MM$67.2MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $37MM$35.1MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $1.9MM$0 |
