EX-99.2 4 d881784dex992.htm EX-99.2 EX-99.2
Investor Information
Agreement to Acquire Colonial American Bank
OceanFirst Financial Corp.
February 25, 2015
Exhibit 99.2

Transaction Summary
2
•
100% stock deal, valued at $11.3 million
•
In-market acquisition supports growth objective in towns of Middletown
and Shrewsbury, NJ, both demographically attractive
•
Favorable financial terms (adjusted for DTA realization of $2 million)
•
Price/Tangible Book Value of 96%
•
Price/Core Deposit Premium of (0.6%)
•
Price/2016 Est. EPS w/Cost Savings of 8X
•
OCFC book value dilution at closing < 1% ($0.01 per share)
•
Modest execution risk with conservative assumptions
•
Cost saves of 35%, fully realized in 2016
•
Tangible book value earnback less than two years
•
Strong pro-forma capital position of 9.2% TCE, 9.5% Leverage
•
Projected closing prior to year-end 2015

Pro Forma Franchise Map
2
Supports
existing Red
Bank Financial
Center